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Tag: fall

Under Armour sells more online and direct to customers as wholesale revenues fall

Image courtesy of Under Armour Under Armour today reported a 17% lift in direct-to-consumer sales in its third quarter as shoppers bought direct from the sportswear brand. As a result, its direct sales reached $540m (£411m) but revenues in its larger wholesale business fell by 7% to $830m (£631.6m).   Overall, Under Armour’s revenues across …

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Rouses Market will pilot drone delivery this fall

Dive Brief: Rouses Market will begin testing a grocery delivery drone program at a store in Mobile, Alabama, this fall, the company reported. The grocer has partnered with Deuce Drone, a firm that specializes in building drones for brick-and-mortar retailers, to pilot the program. Drone grocery deliveries will arrive in 30 minutes or less, according …

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NPD Group: General merchandise holiday sales fall flat

Holiday sales for key general merchandise categories were disappointing despite a strong last-minute push. That’s according to The NPD Group, which reported that general merchandise sales rose only 0.2% throughout the holiday season 2019 compared to 2018. Although the final holiday shopping week, which included Christmas and Hanukkah, showed robust growth and sales volumes across …

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NPD Group: General merchandise holiday sales fall flat

Holiday sales for key general merchandise categories were disappointing despite a strong last-minute push. That’s according to The NPD Group, which reported that general merchandise sales rose only 0.2% throughout the holiday season 2019 compared to 2018. Although the final holiday shopping week, which included Christmas and Hanukkah, showed robust growth and sales volumes across …

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Macy’s holiday same-store sales fall less than expected; to close 29 stores

Get great content like this right in your inbox. Subscribe Macy’s Inc. reported a holiday performance that was better than analysts were expecting amid online sales and last-minute demand for gift items. The department store giant also confirmed to various media outlets that it plans to close 29 stores (28 namesake locations and one Bloomingdale’s) across the country in the …

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Kohl’s lowers outlook as holiday same-store sales fall

Get great content like this right in your inbox. Subscribe Kohl’s Corp. joined Macy’s and J.C. Penney in reporting a decline in holiday same-store sales. The retailer reported that its comparable sales for the holiday period (fiscal November and December) decreased 0.2% amid weakness in women’s apparel. Based on its holiday sales performance, Kohl’s said …

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Holiday sales fall at J.C. Penney

Get great content like this right in your inbox. Subscribe J.C. Penney wasn’t able to stem the tide of declining same-store sales at department stores during the holiday season. The retailer reported that its same-store sales for the nine weeks ending Jan. 4, 2020 fell 7.5%. Adjusted comparable store sales, which exclude the impact of …

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Kohl’s lowers outlook as holiday same-store sales fall

Get great content like this right in your inbox. Subscribe Kohl’s Corp. joined Macy’s and J.C. Penney in reporting a decline in holiday same-store sales. The retailer reported that its comparable sales for the holiday period (fiscal November and December) decreased 0.2% amid weakness in women’s apparel. Based on its holiday sales performance, Kohl’s said …

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Retail sales fall short in November amid late Thanksgiving

Get great content like this right in your inbox. Subscribe Retail sales advanced at a snail’s pace in November as consumers cut back on spending.  Retail sales inched up 0.1% in November over October and were up 2.1%   year-over-year,  reported the National Retail Federation. The numbers exclude automobile dealers, gasoline stations and restaurants. NRF’s …

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Ted Baker shares fall after it warns of £25m balance sheet error | Business

The struggling fashion chain Ted Baker has warned that it overestimated the value of its stock and appointed a law firm to carry out a comprehensive review. The retailer, which has a new finance director, estimates that the value of the inventory held on its balance sheet has been overstated by £20m to £25m, based …

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