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Tag: impact

Global challenges weigh on Abercrombie’s Q3 results; tariffs to impact Q4 profit

Get great content like this right in your inbox. Subscribe Abercrombie & Fitch reported mixed results for its third quarter as a “complicated” global environment offset U.S. same-store gains in its namesake and Hollister brands. The apparel retailer’s net income totaled $6.523 million, or 10 cents a share, in the quarter ended Nov. 2, down …

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Gig economy weighs impact of social security for workers, Retail News, ET Retail

June 2019: Amazon introduced Flex in India, which allows one to deliver goods as a part-time stint. August 2019: The company doubled down on grocery with AmazonFresh, offering two-hour grocery delivery. September 2019: Swiggy rolled out pick-up and drop services, and also expanded Swiggy Stores. The timeline is only a recent indicator of how internet …

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RetailMeNot: Short season may impact Black Friday/Cyber Monday

This year’s shortened holiday shopping season is causing shifts in spending behavior. According to predictions from online discount platform RetailMeNot, shoppers plan to spend $738 during Black Friday/Cyber Monday weekend this year, compared to $803 in 2018. Generationally, GenX consumers will spend the most ($849), followed by baby boomers ($701), millennials ($696), and GenZ ($537). …

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