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Tag: drop

78% of holiday shoppers prefer same-day delivery

Already thinking ahead to cooler months, a recent survey showed the dual side of consumers: While 77% (up 15% from the previous year) of people will wait until last minute to shop, they will remain adamant about having their gifts delivered on time. Looking at data from Dropoff’s third-annual holiday survey, same-day delivery of purchases …

78% of holiday shoppers prefer same-day deliveryRead More

Retail Roundup—Pier 1 same-store sales drop 8%; Walmart, Kroger top retailers

Walmart India makes half of sales out of store Walmart India is now getting almost half of its business through out-of-store sales channels including B2B e-commerce, associate-driven sales and call centers. Walmart was among the first retailers in India to adopt the omnichannel way of doing business. (Economic Times) Walmart, Kroger, Amazon top retailers Walmart, Kroger …

Retail Roundup—Pier 1 same-store sales drop 8%; Walmart, Kroger top retailersRead More

Nike plans up to 200 small-format stores, despite 38% revenue drop

Dive Brief: Nike revenue declined 38% in the fourth quarter, falling to $6.3 billion, according to a company press release. The retailer swung to a loss of $790 million, from income of $989 million the year before. That represented a 180% decline. While revenues in Greater China were only down 3%, North America was down …

Nike plans up to 200 small-format stores, despite 38% revenue dropRead More

Retail Roundup—Pier 1 same-store sales drop 8%; Walmart, Kroger top retailers

Walmart India makes half of sales out of store Walmart India is now getting almost half of its business through out-of-store sales channels including B2B e-commerce, associate-driven sales and call centers. Walmart was among the first retailers in India to adopt the omnichannel way of doing business. (Economic Times) Walmart, Kroger, Amazon top retailers Walmart, Kroger …

Retail Roundup—Pier 1 same-store sales drop 8%; Walmart, Kroger top retailersRead More

French luxury stocks drop as Trump threatens heavy new tariffs

Matthew Lloyd | Getty Images Shares of French luxury goods makers, including LVMH and Hermes, dropped in European trading on Tuesday after President Donald Trump’s administration said it may place heavy tariffs on several goods. LVMH – which includes the brands Louis Vuitton and Hennessy – and Hermes each fell more than 2% following the announcement. …

French luxury stocks drop as Trump threatens heavy new tariffsRead More

Direct-to-consumer Everlane to drop anchor in Boston

A clothing brand known for its “radical transparency” is expanding in the brick-and-mortar space. Everlane will open in spring 2020, at Boston Seaport, the largest current development project in Boston. The 2,300-sq.-ft. store, Everlane’s sixth physical location and first in the Bay State to date, will feature the brand’s signature minimalist design, with a focus …

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Superdry reports steep sales drop after founder retakes helm | Business

Seven months after the founder of Superdry forced his way back into the fashion business it has reported a steep fall in sales but said its profit margins were starting to recover as it ended widespread discounting. Sales tumbled by more than 11% in the first half of its financial year as Julian Dunkerton retook …

Superdry reports steep sales drop after founder retakes helm | BusinessRead More

Shares of Shopify drop on surprise loss, but Cramer says you’ll regret selling

Shares of Canadian e-commerce company Shopify dropped after reporting a surprise loss on earnings. The stock slipped 3.8% on Tuesday after Shopify posted an earnings loss of 25 cents in the third quarter, missing analysts’ estimates of 11 cents gain, according to FactSet. However, CNBC’s Jim Cramer said investors will regret selling Shopify as the …

Shares of Shopify drop on surprise loss, but Cramer says you’ll regret sellingRead More

Hasbro shares drop 15% as tariffs boost costs, earnings fall short

Shares of Hasbro dropped more than 15% on Tuesday after the toymaker fell short of Wall Street estimates for quarterly profit, as the threat of tariffs on toys imported from China increased shipping and warehousing costs and caused cancellations of direct import orders. The threat and implementation of tariffs in the third quarter impacted Hasbro’s …

Hasbro shares drop 15% as tariffs boost costs, earnings fall shortRead More