
As store sales fall and purchases shift online over the Thanksgiving weekend, most U.S. retailers have boosted their web offerings but many still overlook the sales impact from opening their doors on Thursday evening.
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As store sales fall and purchases shift online over the Thanksgiving weekend, most U.S. retailers have boosted their web offerings but many still overlook the sales impact from opening their doors on Thursday evening.
Sequential Brands Group has closed on a long-term licensing partnership renewal of Jessica Simpson's footwear business with Camuto Group, the company recently acquired by DSW and Authentic Brands Group.
Cyber Monday was on track to bring in a record $7.8 billion in U.S. online sales, but will also test the limits of retailers’ e-commerce operations as millions of shoppers scour for steep discounts.
Investors would normally be thankful for a strong U.S. economy, yet this holiday season they worry retailers may have to spend heavily to win, leaving shareholders with a lump of coal.
Kohl’s Corp shares slumped as much as 12 percent on Tuesday after the department store operator forecast full-year earnings largely below estimates, blaming rising shipping costs and higher holiday discounts.
TJX Cos Inc’s holiday-quarter earnings forecast fell largely below analysts’ estimates on Tuesday, as the off-price clothing retailer faces rising freight and labor costs.
The biggest shopping day of the year, Black Friday, is almost upon us and retailers are going to have to discount much more than usual because the U.S. Thanksgiving holiday lands on the early side.
Shares in Nordstrom Inc slumped 9 percent after the U.S. department store operator reported disappointing same-store sales and said it had been forced to refund some of its credit card customers after overcharging them.
Fashion brands need to put their foot down and take action to prevent “a race to the bottom” in terms of discounts that threaten whole fashion retail eco-system, Farfetch CEO José Neves told FashionNetwork.com.
After announcing plans to relaunch the location in September, Nordstrom's store inside Puerto Rico's Mall of San Juan has officially re-opened today, ahead of the holiday shopping season.