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Tag: blames

Macy’s blames sluggish sales on weak shopping malls

Macy’s said its stores at weaker U.S. shopping malls were hurt by slower foot traffic during the latest quarter, leading to a steeper-than-expected sales decline. “We’ve been investing in malls where our developers are investing and … we feel really good about that initiative, and those stores continue to outpace the breadth of our fleet,” …

Macy’s blames sluggish sales on weak shopping mallsRead More

New Look blames poor sales on weak consumer spending and bad weather | Business

New Look has blamed a steep fall in sales on weak consumer spending and mild autumn weather, which knocked demand for its winter clothing ranges. The chief operating officer, Nigel Oddy, said the 7.4% drop in first-half like-for-like sales reflected ongoing consumer uncertainty and seasonal volatility. Sales picked up over the summer months but fell …

New Look blames poor sales on weak consumer spending and bad weather | BusinessRead More