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.
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.
November 23, 2012 |
Six-year-old twins Kaitlyn and Kristin Welch spent Friday morning at American Girl Place at the Grove, accompanied by their mother, their grandmother -- and two brand-new American Girl dolls. "They've been doing so well in school," said Linda Kettle, the girls' grandmother. "It's a special reward. " Crowds at the Grove seemed subdued Friday afternoon, with traffic comparable to a typical Saturday's at the popular shopping and dining area in Los Angeles' Fairfax district. Lines of cars hunting for a spot snaked around the eight-story parking garage.
November 24, 2012 |
After the Black Friday shopping madness, small boutiques in Silver Lake were anticipating customers who were less about giant malls and more about supporting local business. Dubbed Small Business Saturday , the shopping event was invented by American Express in 2010 to encourage consumers to spend some dollars at neighborhood shops and independent retailers. The day has high-profile supporters such as New York Mayor Michael Bloomberg and President Obama, who took his two daughters to a bookstore in Arlington , Va., on Saturday.
CALIFORNIA | LOCAL
March 24, 2013 |
The evacuation announcement came over the loudspeaker at the Beverly Center in the early afternoon - a muffled voice telling shoppers that this was not a drill, everyone needed to leave the mall immediately. Christina Taylor, a high school junior from Florida, had been browsing the racks at Bloomingdale's with her mom - their first stop after arriving in L.A. - when her mom grabbed her arm to get her attention. The two women couldn't make out exactly what the announcer had said, but around them, workers in the store began panicking and running, Christina said.
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.