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November 24, 2020

Apparel Retail

Gap earnings fall short, sales beat, as retailer ‘remains optimistic’ about the holidays

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CNBC – For more and to sign up click here A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Gap Inc. shares fell Tuesday after the company reported fiscal third-quarter earnings that fell short of expectations, as higher spending on marketing offset sales gains at Old......

Abercrombie & Fitch CEO says it has a playbook to deal with closures as Covid threatens to shutter stores

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CNBC – For more and to sign up click here Pedestrians are reflected in the window of an Abercrombie & Fitch store in New York. Craig Warga | Bloomberg | Getty Images The possibility that Abercrombie & Fitch will face additional rounds of temporary store closures due to rising Covid-19......

Retail trade group sees holiday sales up 3.6% to 5.2%, posting ‘strong finish’ to 2020 in spite of pandemic

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CNBC – For more and to sign up click here Consumers begin their Black Friday specials shopping as Macys opens their doors at 5pm on Thanksgiving Day on November 28, 2019 in New York. Bryan R. Smith | AFP | Getty Images Retailers could end up having a strong finish......

So long doorbusters! Retailers put deepest discounts online after weeks of deals

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CNBC – For more and to sign up click here People shop at Macy’s Herald Square during early opening for the Black Friday sales in New York City, November 28, 2019. Andrew Kelly | Reuters On Thanksgiving Day, eager bargain hunters usually head to the store and shoulder their way......

Two retail stocks to watch ahead of their earnings reports this week

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CNBC – For more and to sign up click here Retail earnings are ramping up this week. Urban Outfitters reports on Monday, a day before Best Buy, Dick’s Sporting Goods, Abercrombie and Fitch, Dollar Tree, Nordstrom, Gap and American Eagle Outfitters. All of their stocks are in the green year......

Black Friday is almost here. And shoppers are more anxious than ever.

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CNBC – For more and to sign up click here A shopper uses his phone while wearing a face mask due to the coronavirus disease (COVID-19) pandemic outside the Christiana Mall in Newark, Delaware U.S. November 19, 2020. Mark Makela | Reuters Black Friday is almost here. And consumers’ anxiety......

Retailers from Target to Kohl’s make big bets in beauty as department stores reel

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CNBC – For more and to sign up click here Fans gather at local Ulta Beauty in Houston to greet Kylie Jenner at the launch of her cosmetics line on November 18, 2018 in Houston, Texas. Rick Kern | Getty Images Some retailers are betting that lip glosses, eye shadow......

Macy’s same-store sales fall 20%, as department stores fall out of favor with shoppers during the pandemic

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CNBC – For more and to sign up click here People walk past a Macy’s store in a Manhattan shopping district on August 12, 2020 in New York City. Following a massive drop in tourism due to the Covid-19 pandemic and a work culture that increasingly keeps people at home,......

Global luxury sales are on track for a record decline in 2020. But business is booming in China.

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CNBC – For more and to sign up click here A view of a person wearing mask passing by a Macy’s in Herald Square amid the coronavirus (COVID-19) outbreak on March 24, 2020 in New York City. John Nacion | NurPhoto | Getty Images The stage is set for China......

Kohl’s sales fall 13% as shoppers shift spending away from apparel

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CNBC – For more and to sign up click here Kohl’s on Tuesday reported a 13.3% decline in quarterly net sales, as the coronavirus pandemic limited the number of people visiting its stores to buy work clothes, shoes and makeup. Still, CEO Michelle Gass said the results exceeded Kohl’s internal......

Francesca’s will close 140 stores, may file for bankruptcy

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CNBC – For more and to sign up click here A pedestrian walks by a Francesca’s store in New York. Scott Mlyn | CNBC Francesca’s said Monday that it will permanently close about 140 stores by the end of January, but also warned that it may have to take more......

Shoppers seek out personalized, thoughtful holiday gifts to feel connected during pandemic

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CNBC – For more and to sign up click here Care packages, such as the ones made by Gift Box Love Co., have been a popular gift item on Etsy during the pandemic. Gift Box Love Co. For about two years, Ashley Houck has put together care packages of items......

Mall owners Simon and Taubman revise merger terms, with $800 million price cut

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CNBC – For more and to sign up click here Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania. Mark Makela | Reuters Luxury mall owner Taubman Centers has agreed to a......

Simon Property CEO says mall owners treated ‘unfairly,’ as El Paso location shut with Covid cases on the rise

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CNBC – For more and to sign up click here Simon Property CEO says malls being treated ‘unfairly’ amid pandemic Search quotes, news & videos Source – Click here for more To Return to the Main Aggregate News Page – click here...

America’s iconic retailers fight for survival as pandemic rages on

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CNBC – For more and to sign up click here America’s iconic retailers fight for survival as pandemic rages on Search quotes, news & videos Source – Click here for more To Return to the Main Aggregate News Page – click here...

Peloton says recent spike in Covid-19 cases, lockdowns are boosting sales

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CNBC – For more and to sign up click here Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California. More people are turning to Peloton due to shelter-in-place orders because of the coronavirus (COVID-19). Ezra Shaw | Getty Images Peloton is......

It won’t be a year without a Santa Claus, as malls turn to portable igloos and virtual visits to save the holiday tradition

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CNBC – For more and to sign up click here Mall Santas to use igloos and virtual visits, as Covid cases surge Search quotes, news & videos Source – Click here for more To Return to the Main Aggregate News Page – click here...

Gap sparks outrage over posting half-blue, half-red hoodie amid heated election

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CNBC – For more and to sign up click here Gap slammed for posting half-blue, half-red hoodie amid heated election Search quotes, news & videos Source – Click here for more To Return to the Main Aggregate News Page – click here...

Americans show they’re eager to shop even as pandemic stretches on, retail economist says

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CNBC – For more and to sign up click here Pedestrians carrying shopping bags cross a street in front of the Macy’s flagship store in the Herald Square area of New York, on Thursday, Aug. 6, 2020. Nina Westervelt | Bloomberg | Getty Images Americans have shown they are eager......

America’s malls under pressure: CBL, Pennsylvania REIT, file for bankruptcy

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CNBC – For more and to sign up click here CoolSprings Galleria Mall, Franklin, TN Source: CBL Properties Mall owner CBL & Associates filed for Chapter 11 bankruptcy protection late Sunday, after its business was pressured by the coronavirus pandemic, highlighting the stresses the retail real estate industry is facing.......

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