87.13 F
New York
July 13, 2020
Home » Apparel Retail

Apparel Retail

CNBC Business

Canada Goose CEO says experiential store offers a ‘break from the insanity of the world today’

CNBC
CNBC – For more and to sign up click here Dani Reiss, president and CEO of Canada Goose Rick Madonik | Getty Images Canada Goose‘s CEO said Friday the retailer’s recently opened experiential store in Canada is “almost built for this environment,” as consumers brave enough to venture outside are......
CNBC Business

Pandemic deals mightier blow to retail than Great Recession: First-quarter operating income down 58%

CNBC
CNBC – For more and to sign up click here Even when the Great Recession dampened consumer confidence and drove up unemployment things weren’t as bad for retailers as they have been during the current Covid-19 crisis, according to a new analysis from Retail Metrics. Days after the World Health......
CNBC - Real Estate

U.S. may need another 1 billion square feet of warehouse space by 2025 as e-commerce booms

CNBC Real Estate
With online sales proliferating during the coronavirus pandemic, the U.S. is going to need more warehouses to store hoards of boxes and handle those orders.  Holed up at home, and with many bricks-and-mortar stores temporarily shut, shoppers have turned to their computers and smartphones to buy everything from fresh groceries......
CNBC Business

June business spending showed slight improvement from May with bigger gains in some areas

CNBC
CNBC – For more and to sign up click here Business spending showed some signs of green shoots in June, as manufacturers bought more equipment and spending shifted away from stay-at-home sectors to ones that could rebound in a reopening economy, according to Cortera, a software company which analyzes business-to-business......
CNBC Business

Levi’s sales fall 62% in second quarter, to cut 15% of corporate workforce

CNBC
CNBC – For more and to sign up click here The denim maker Levi Strauss & Co.‘s sales fell 62% during its fiscal second quarter, the company announced Tuesday, as its online sales weren’t enough to make up for its stores being temporarily shut for roughly 10 weeks during the......
CNBC Business

Blackout Day looks to tap the rising power of the Black consumer

CNBC
CNBC – For more and to sign up click here Black American consumers are hoping to make the financial and economic community pay attention Tuesday by using the power of purchase — or as the case may be, non-purchase. Blackout Day is a movement that urges Black consumers, and others,......
CNBC Business

Shoppers across the country are retreating again as coronavirus cases surge

CNBC
CNBC – For more and to sign up click here An employee wearing a face mask is pictured inside a shop at Westfield Santa Anita mall during the outbreak of the coronavirus disease (COVID-19), in Arcadia, California June 25, 2020. Mario Anzuoni | Reuters Just as shoppers were beginning to......
CNBC Business

As Black buying power grows, racial profiling by retailers remains persistent problem

CNBC
CNBC – For more and to sign up click here Lorenzo Boyd, an assistant professor, director of the Center for Advanced Policing and vice president for diversity and inclusion at University of New Haven. Source: Lorenzo Boyd Lorenzo Boyd was in the market for a new car and wanted to......
CNBC Business

Rocky road ahead at Macy’s, potential ‘regional flare-ups,’ with Covid-19 cases surging in some states

CNBC
CNBC – For more and to sign up click here A person looks into a closed Macy’s Inc. department store near Union Square in San Francisco, California, U.S., on Thursday, June 18, 2020. Michael Short | Bloomberg | Getty Images The road to recovery at Macy’s is likely going to be a......
CNBC Business

Here’s why the biggest U.S. mall owner might want to buy JC Penney

CNBC
CNBC – For more and to sign up click here Simon Property Group might want to own bankrupt J.C. Penney in order to be able to redevelop some of its best real estate and make it even better, according to one analyst.  “We believe Simon wants to control the J.C.......
CNBC Business

Gap stock soars after Kanye West teases possible collaboration with Gap

CNBC
CNBC – For more and to sign up click here Gilbert Carrasquillo | Getty Gap shares soared Friday morning after Kanye West shared a photo that alluded to a possible collaboration with the retailer. Shares were up by nearly 17% in premarket trading. The move added more than $500 million......
CNBC Business

Saks Fifth Avenue says shopping hasn’t dropped as coronavirus cases rise in Florida, Texas

CNBC
CNBC – For more and to sign up click here Luxury retailer Saks Fifth Avenue said it hasn’t seen a change in shopping patterns in Florida, Texas and other states where coronavirus cases are rising. On CNBC’s “Closing Bell,” Saks Fifth Avenue President Marc Metrick said shoppers are still going......
CNBC Business

Nike reports unexpected loss as sales tumble 38%, shares fall

CNBC
CNBC – For more and to sign up click here Shoppers, some wearing PPE (personal protective equipment), of a face mask or covering as a precautionary measure against COVID-19, queue to enter a recently re-opened Nike store at Gunwharf Keys shopping centre in Portsmouth, southern England on June 16, 2020.......
CNBC Business

Macy’s to slash 3,900 corporate jobs in restructuring

CNBC
CNBC – For more and to sign up click here A person looks into a closed Macy’s Inc. department store near Union Square in San Francisco, California, U.S., on Thursday, June 18, 2020. Michael Short | Bloomberg | Getty Images Macy’s announced Thursday it is cutting 3,900 corporate jobs — 3%......
CNBC Business

These retailers have the most stores in states such as Florida where coronavirus cases are spiking

CNBC
CNBC – For more and to sign up click here A shopper shops in a Ross store. Francis Dean | Corbis | Getty Images As coronavirus cases surge in a number of hot spots across the country, some retailers may be more at risk than others of having to shut......
CNBC Business

Resale market expected to be valued at $64 billion in 5 years, as used clothing takes over closets

CNBC
CNBC – For more and to sign up click here A ThredUp warehouse. Source: ThredUp Despite the coronavirus pandemic upending much of the retail industry and putting a damper on apparel sales, the secondhand clothing market is expected to boom, according to one online resale marketplace.  The secondhand apparel market......
CNBC Business

Summer is almost here, and so are the sales for shoppers

CNBC
CNBC – For more and to sign up click here Going-out-of-business sales are getting ready to be, well, basically everywhere this summer.  Retailers that have been forced shut for weeks because of the coronavirus pandemic are beginning to reopen their doors as cities such as New York reopen. That means liquidation......
CNBC Business

Retail is on the rebound, but smaller businesses are still at risk, National Retail Federation CEO says

CNBC
CNBC – For more and to sign up click here As retail sales pick up again, National Retail Federation CEO Matthew Shay said he wants to make sure small and mid-sized stores and restaurants can make a comeback, too. “They get hit harder and they get hit first and so......
CNBC Business

Lululemon sales fall 17% as retailer takes hit from stores being closed, shares drop

CNBC
CNBC – For more and to sign up click here A Lululemon sign hangs in front of their store at the Woodbury Commons Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York. Gary Hershorn | Corbis News | Getty Images Lululemon reported a first-quarter sales decline of......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More