Target’s third-quarter earnings out Wednesday greatly exceeded expectations and demonstrated a retailing trifecta of year-over-year sales gains, comparable store, and margin gains. Most notably, at a time when fashion sales at major department stores like Kohl’s and J. C. Penney are in somewhat of a funk, Target reported an eye-popping 10% gain in this higher […]
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Millennials Most Likely to Outspend Other Generations This Holiday Season
Over a third of millennials plan to spend more money this holiday season compared to last year, and they will likely outspend other generations this gift-giving season, according to Discover’s annual Holiday Shopping Survey. Millennials say higher income and more people on their shopping list are two reasons for their boost in spending. And they […]
Saks, Sephora pilot Google’s local ads to drive store traffic
Saks Fifth Avenue and Sephora are among the retailers that have tested Google’s local and shopping campaigns, which the search giant is expanding for this year’s holiday shopping season, according to a Google blog post. The local campaigns are designed to drive traffic to nearby locations by geotargeting mobile users, while shopping campaigns have expanded […]
US-China ‘phase one’ deal is not a win for the apparel industry, trade group says
As the U.S. and China close in on an interim trade deal that would thaw tensions between the two economic powerhouses, the American Apparel & Footwear Association (AAFA) said it is “incredibly not happy” over the situation. “We don’t see a win for us in this deal,” Rick Helfenbein, president and CEO of the trade […]
Facing shorter holiday season, U.S. retailers rev up faster delivery, early deals
U.S. retailers are rushing in with faster-than-ever delivery deals and earlier Christmas promotions in hopes of easing the impact of this year’s shorter holiday selling season, a period that can be make-or-break for retailers. Thanksgiving, the traditional kick-off of the U.S. holiday shopping period, falls on Nov. 28 this year, a week later than last […]
Ralph Lauren launches digital IDs to authenticate merchandise
Ralph Lauren Corporation introduced digital product identities for products to verify authenticity as the goods move through the supply chain, the company announced in a press release emailed to Retail Dive. The brand partnered with EVRYTHNG, an internet-connected software company, and Avery Dennison, a manufacturing and technology company, to roll out the digitization effort.
Kohl’s, Macy’s turn to pop-up shops and Instagram-worthy displays to try to win the holidays
This weekend you can visit Kohl’s first pop-up shop in New York and snap a virtual photo with fashion designer Vera Wang on the runway. Or you can pop into Macy’s at Herald Square and stroll through Story – a space the department store chain has transformed to make shoppers feel like they’re in some […]
JCPenney is kicking off its Black Friday sales earlier than many of its competitors this year
Eager JCPenney shoppers will be able to snap up its Black Friday deals almost immediately after they’ve finished Thanksgiving dinner this year. The US department store chain announced that it will open its doors at 2 p.m. local time on Thanksgiving Day and stay open until 10 p.m. on Black Friday.
More than half of holiday shoppers plan to buy gifts for themselves
A JLL 2019 Retail Holiday Survey found 53.2% of shoppers plan to buy gifts for themselves and 73.5% of consumers with a budget of more than $500 expect to buy gifts for themselves. Clothing and shoes top the list for self gifts, with 20.4% of shoppers planning to make purchases for themselves in this category, […]
Walgreens To Open More ‘Small Stores’ In Big U.S. Cities
Walgreens Boots Alliance is developing more than 30 “small store” pharmacies largely in urban areas that the chain says will have a health and wellness focus in the location’s front end.