January 6, 2011 |
Many top U.S. retailers missed Wall Street's expectations for December sales, hurt by a post-Christmas blizzard on the East Coast and shoppers returning to their cautious ways after flocking to stores after Thanksgiving. Retailers ranging from department store operator Macy's Inc and discounter Target Corp to teen clothing store American Eagle Outfitters were among those whose results fell far short of forecasts. "The turbulence is here to stay," said David Bassuk, a managing director at consulting firm AlixPartners.
March 21, 2014 |
As Chinese tourists spill from their tour bus into the Beverly Center, Charlie Gu hands each one a sleek black envelope. Inside: a Chinese-language map of the mall and a special discount card. Gu, the center's Mandarin-speaking Chinese specialist, asks shoppers about what they're looking for and circles relevant stores on the map. "L.K. Bennett is a favorite of Kate Middleton, Duchess of Cambridge," he advises one. "You should definitely take a look. " The personal touch is more than just the usual attempt to cozy up to well-heeled shoppers.
December 2, 2013 |
Machinery was purring gently. Boxes of Samsung televisions were stacked like blocks atop pallets on a glossy concrete floor. A shift supervisor waved jauntily as he zipped by on a red motorized chariot. At 10 a.m. at the Target.com fulfillment center in Ontario, all seemed peaceful - even though it was a record-setting Cyber Monday. And this year, the online world's answer to Black Friday was attracting nearly as many shoppers as the four-day retail frenzy that preceded it. "It never really feels like chaos," general manager Melissa Montgomery said of the annual online shopping event.
October 24, 2012 |
Holiday shoppers will be spending a little more this year, but as in recent years they'll continue to be disciplined and go online for better deals. Consumers are expected to spend an average of $582 on holiday shopping, according to Accenture's annual consumer holiday shopping survey, and 23% plan to spend over $750. About half expect to increase their spending by $250 or more, with only 5% saying they would be “extravagant” in their shopping and 8% indicating they would “splurge.” About 51% of those surveyed said they have already set aside cash for their holiday shopping.
October 19, 2012 |
Department store chain Macy's Inc. is aggressively going after the millennial shopper. The retailer plans to add 13 brands to its lineup and expand 10 others in the next year to court those between the ages of 13 and 30. Apparently these young consumers control some $65 billion a year in spending power. The new brands -- which include Marilyn Monroe, Keds apparel and G-Star Raw -- will go into either Macy's mstylelab for 13-to-22-year-olds, or the Impulse section for those 19 to 30. Macy's Chief Executive Terry J. Lundgren already emphasized earlier this year that attracting young shoppers of the Twitter, Facebook and Pinterest generation is a key focus.
May 17, 2012 |
We're fat, in case you hadn't heard. And as we learned last week, 42% of American adults will be obese by 2030, according to researchers at the Weight of the Nation conference sponsored by the Centers for Disease Control and Prevention. If that's a party you'd rather miss, the grocery store is a place to start. Nutritionists often advise us to buy fresh food and stick to the perimeters of the store (instead of the middle aisles that are stocked with Oreos, Doritos and Froot Loops)