With the ever-changing economic landscape, Forrester’s ForecastView team developed a scenario model to understand the short- and long-term impacts of COVID-19 on the retail industry. Our model examines three scenarios, a base case, best case, and worst case, which estimate retail sales at global and regional levels for the total, online, and offline space. Total
A recently introduced guide details the legal obligations of retailers to make their premises accessible to those with hearing loss. The ‘Right to Hear’ guide covers the technology available to help businesses comply with the terms of the Equality Act 2010 and the hearing support they should provide to meet building regulations. It also covers
Chico’s FAS saw top- and bottom-line losses in its third quarter but still managed to beat Street estimates. The retailer lost $8.1 million, or 7 cents a share, in the quarter ended Nov. 2, compared to a profit of $6.5 million, or 5 cents a share, a year ago. Adjusting for one-time charges, the company
Get great content like this right in your inbox. Subscribe L Brands reported a steep loss for its Q3 as sales continued to fall at its troubled Victoria’s Secret division. The retailer’s net loss totaled $252 million, or 91 cents a share, in the quarter ended Nov.2, compared with a loss of $43 million, or 16
J.C. Penney put a positive spin on another tough quarter and even boosted its full-year profit outlook. The embattled department store chain reported that its net loss narrowed to $93 million, or 29 cents per share, in the quarter ended Nov. 3, from $151 million, or 48 cents a share, in the year-ago period. Excluding
Mothercare is to close all of its 79 UK stores and its online business with the potential loss of 2,800 jobs after calling in administrators from PricewaterhouseCoopers on Tuesday. The administration will not include Mothercare’s profitable overseas operations, which have more than 1,000 stores in more than 40 countries – all run via franchise agreements.