Tag: Big

Apple’s ‘big story’ this holiday season is its credit card: AnalystApple’s ‘big story’ this holiday season is its credit card: Analyst

The “big story” for Apple this holiday shopping season won’t be what products consumers buy but how they pay for it, according to D.A. Davidson & Co. analyst Tom Forte.”AirPods Pro [is] a good product, but I think the story for Apple’s holiday sales this year is in payments with the Apple Card,” he said […]

Citi Trends in big merchandise shift; will open 25 to 30 stores annuallyCiti Trends in big merchandise shift; will open 25 to 30 stores annually

Citi Trends is accelerating its move away from apparel. And it’s still looking for a CEO. As part of a previously announced comprehensive strategic initiative, the value-priced urban fashions retailer said it is moving “aggressively” to more gift-giving merchandise during the holiday season and expanded home assortments throughout the year. New fixtures have been added […]

Billionaire investor Carl Icahn is placing a big bet against mall owners, report saysBillionaire investor Carl Icahn is placing a big bet against mall owners, report says

Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016.Heidi Gutman | CNBCBillionaire investor Carl Icahn is placing a $400 million bet against struggling malls, taking on two of the largest investment firms, according to a report in the Wall Street Journal.Icahn stands to make millions if mall owners […]

Levi Strauss CEO Chip Bergh on taking big risks with the jeans brandLevi Strauss CEO Chip Bergh on taking big risks with the jeans brand

Jeans are displayed at a Levi Strauss store in New York, March 19, 2019.Shannon Stapleton | ReutersChip Bergh took over as CEO of Levi Strauss & Co. in 2011 when the “death of denim” was in. Bergh, who had a long career at Procter & Gamble, made the move even though many others saw it […]

UK retail sales hit by surprise downturn despite big discounting | BusinessUK retail sales hit by surprise downturn despite big discounting | Business

Britain’s shops were hit by a surprise downturn in sales in the run-up to Christmas after official figures showed a 0.1% drop in October. City analysts had expected consumers to continue their month-on-month spending increases with a 0.1% rise, albeit largely built on heavy discounting by retailers. The fall in sales represented the weakest monthly […]

L’Oreal, Nestle score big at Alibaba’s Singles’ Day shopping fest, Retail News, ET RetailL’Oreal, Nestle score big at Alibaba’s Singles’ Day shopping fest, Retail News, ET Retail

By Brenda Goh and Josh HorwitzSHANGHAI/HANGZHOU, China, – Chinese shoppers snapped up food supplements, facial masks and baby milk powder at the world’s largest shopping festival, with brands such as L’Oreal and Nestle among the biggest winners, Alibaba data showed.The Chinese e-commerce giant’s annual Singles’ Day shopping blitz on Monday brought in a record 268.4 […]