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Tag: American Eagle Outfitters Inc

Victoria’s Secret, JC Penney among retailers closing stores in 2020

Billy H.C. Kwok | Bloomberg | Getty Images The retail apocalypse hasn’t shown a lot of mercy. Year to date nearly 10,000 stores have announced closures, according to Kevin Cody, senior consultant with CoStar Portfolio Strategy. That’s an all-time high, and its a serious blow to the job market in the retail sector. Since reaching …

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Sears, Walgreens among retailers that closed stores in 2019

Micah Young | E+ | Getty Images 2019 has been a record year for store closures in retail. In the U.S., retailers this year have announced plans to shut more than 9,300 locations. That’s up more than 50% from the total announced closures in 2018, which amounted to 5,844, Coresight said. Previously, the record was …

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It’s a make-or-break holiday season for these six retailers

For many, the holidays spark joy, and are a time to relax in the comfort of family and friends. If you’re in retail, however, it’s a bit of a different story — especially if your business is struggling. Some retail executives really feel the pressure this time of year, as the holiday season can make …

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Black Friday is losing its clout, more bad news for department stores

Black Friday isn’t quite the deal frenzy it used to be. Retailers have been touting bargains for weeks. With more shopping moving online, it has only become easier to compare prices, and so the lure of doorbuster deals is losing its grip on shoppers. That only means more bad news for a group of retailers …

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L Brands (LB) earnings Q3 2019

A customer carries a shopping bag while exiting a Victoria’s Secret Stores LLC store, a subsidiary of L Brands Inc., in New York, U.S., on Wednesday, Nov. 14, 2018. Bloomberg | Getty Images L Brands posted mixed third-quarter results Wednesday as declining sales at its Victoria’s Secret brand continued to weigh on its performance. The …

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Shoppers are buying less clothing because it’s not as fun as it used to be

A shopper looks at items on sale inside of a JC Penney store in New York. Lucas Jackson | Reuters The apparel market has “hit a ceiling” and is “going into structural decline,” according to a note from Morgan Stanley. The cause of it? Consumers have reached peak happiness with clothing purchases, wrote analyst Geoff …

Shoppers are buying less clothing because it’s not as fun as it used to beRead More