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Tag: strong

ICSC: Spending strong on Thanksgiving, Black Friday 

Get great content like this right in your inbox. Subscribe Consumers were in a spending mood for the official kick-off of the holiday shopping season. Beginning on Thanksgiving Day, consumers spent an estimated average of $504, with 50$ spending more than last year, setting the stage for a strong season, according to the International Council …

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A resurgent Best Buy raises annual outlook on strong Q3

Best Buy is entering the holiday selling season with reasons to celebrate. The nation’s largest electronics retailer said its income increased to $293 million, or $1.10 per share, in the quarter ended Nov. 2, up from $277 million, or 99 cents per share, in the year-ago quarter. Adjusted earnings came to $1.13 per share compared …

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ICSC: Strong store, mall turnout expected for holiday weekend

Retailers should get ready for a busy Thanksgiving weekend in stores and at shopping centers. Eighty-five percent of adults plan to shop during the four-day weekend, and 80% will visit a store or a shopping center, according to the International Council of Shopping Centers’ Pre-Black Friday Intentions Survey. Shoppers anticipate spending an average of $470, …

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Maurices comes out of gate strong under new owners

Maurices announced its first financial results since it sold by Ascena Retail Group. The value-oriented women’s apparel retailer, which was acquired by an affiliate of British private equity firm OpCapita in May, said that same-store sales rose 7% for its first quarter, which ended on November 2.  Maurices also experienced solid gains in margin, operating …

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