Vendors who work with the retailers and consultants who advise big department stores say this year chains are much slower in placing new orders for the holidays, as they deal with declining foot traffic.
Ralph Lauren Corp’s quarterly revenue and profit beat Wall Street estimates on Thursday, selling more of its high-end clothes at full price and keeping a lid on costs, sending its shares up more than 5% on Thursday.
J.C. Penney lost about a quarter of its value on Friday as retail chain slashed its full-year forecast after selling stagnant inventory at heavy discounts, indicating weak sales during the back-to-school season.
Whole Foods Market met a new foe this summer during talks to lease a top retail space in a San Francisco mall: the Target next door. As City Centre mall’s largest tenant, Target had a say over changes to the property.
Macy's has teamed up with Clothes4Souls to provide coats for people in need this fall. The department store is launching its annual "Buy a Coat & We'll Donate One" campaign on October 24, running through October 29.
The brand messaging platform will put its latest investment toward expanding its product, sales and customer support teams and to opening a new office to service the Europe, Asia and Middle East markets.