November 1, 2012 |
Shoppers hit the malls and handed retailers a healthy gain in October before Sandy pummeled the Northeast, a positive sign pointing to a decent holiday season head. Major chains posted a 2.7% increase in retail sales in October compared with the same month a year earlier, on par with analysts' expectations, according to Thomson Reuters' tally of 18 retailers. Excluding drugstores, however, retail sales are up 4.7%, exceeding expectations of 4.3%. Retailers are looking ahead to the effects that Sandy may have on consumers in the coming months, especially those in the hardest-hit states who will have to repair or rebuild their homes.
July 5, 2010 |
As Americans' love affair with shopping cools, retailers are venturing overseas in search of growth. Bloomingdale's and Crate & Barrel each opened their first store outside the U.S. in Dubai this year. Abercrombie & Fitch just opened its first store in London. Sears has begun shipping tools and clothing to 90 countries. Macy's is looking at going into China. And Target, the discount chain that for a decade has resisted Wall Street pressure to expand internationally, revealed this spring that it wants to open stores outside the U.S. and is looking at Canada, Mexico and Latin America.
August 19, 2012 |
We asked PacSun Chief Executive Gary Schoenfeld and Hot Topic Vice President Cindy Levitt what's hot for back-to-school this season. Clearly, denim is still the top-of-the-closet favorite. Hot Topic The look: Skinny jeans in black or red or deconstructed. Combat boots paired with a dress, tights, a hoodie and a little jacket. A backpack. Emerging: Panel-leg skinny jeans. Vests. Studs, spikes and pins to DIY-embellish backpacks and vests. Classic rock, Iron Maiden and Black Sabbath.
March 1, 2012 |
Drawn by unseasonably warm weather across much of the country, shoppers hit the malls in February with their wallets open and handed retailers a robust start to the spring shopping season. Major chain stores posted a healthy 4.7% sales increase in February compared with the same month a year earlier, beating analysts' expectations of a more modest 3.4% rise. Discounters, teen retailers and apparel sellers all posted healthy sales increases, according to Thomson Reuters ' tally of 18 retailers.
May 31, 2012 |
Despite slower job gains and signs of flagging consumer confidence, consumers hit the malls in May to refresh their wardrobes as the summer shopping season begins. Major chain stores posted a 3.9% sales increase in May compared with the same month a year earlier, beating analysts' expectations of a 3.6% rise, according to Thomson Reuters ' tally of 18 retailers. Top performers were a mixture of high- and low-end stores. Action-sports chain Zumiez Inc. led the way with a 13.7% bump.
August 30, 2012 |
Shoppers hit the malls for back-to-school shopping in August and handed retailers a healthy boost despite continued worries about the job market and a sluggish economy. Major chain stores posted a 3.6% sales increase in August compared with the same month a year earlier, outpacing analysts' expectations of a 2% rise, according to Thomson Reuters ' tally of 16 retailers. "Consumer spending increased for the first time in three months," said Chris Christopher, an economist at IHS Global Insight, "providing evidence that after hunkering down for two consecutive months there are signs of life on the consumer front.
December 26, 2012 |
Shoppers waylaid by "fiscal cliff" fears and winter storms spent sparingly in the months before Christmas, according to new data, but retailers are still holding out for a post-holiday bump. From Oct. 28 through Dec. 24, sales of items such as clothing, home goods and electronics rose 0.7% compared with the same period last year, according to the MasterCard Advisors SpendingPulse report. In 2011, spending rose 2%, more than double this year's pace. The last two months' performance, which also includes online sales, was the worst since 2008, according to the report.
October 10, 2013 |
Retail sales during the prime back-to-school shopping month of September grew more than the prior month but were still muffled by heavy head winds. The gauge of same-store sales, which calculates sales at stores open for more than a year, rose “a modest” 4% compared to September 2012, according to Retail Metrics Inc. But Ken Perkins, president of the research firm, had projected a 4.1% upswing. Without the strong performance of drugstores -- Walgreens' sales soared 7.4% last month -- the retail sales measure increased 2.8%.