Holiday Season Archives | Apparel Resources
Home » Tag » Holiday Season

# Holiday Season

Macy’s aims to streamline store portfolio and intensify cost-efficiency efforts

Despite recent reports that the industry’s holiday season was shaping up to top previous estimates due to success driven by strong online sales and a burst of last-minute purchase, this didn’t help a lot of retailers who couldn’t tide through the storm. One such retailer is Macy’s whose shares tumbled more than 9 per cent after it posted disappointing holiday sales, releasing a list of 68 of the 100 stores that it plans to close. […]

Share: 

Is it the end of the mall?

The year started with Macy’s announcing the closure of 63 stores and eliminating 10,000 jobs as the departmental store chain continued to grapple with weak sales during the holiday season. Many experts are relating the store closures to the growth of digital platform and also to retailers falling behind in implementing new strategies with time. The growing influence of millennials, who are accustomed to digital stimulations rather than physically visiting a store themselves, is also […]

Share: 

Holiday sales at US stores a mixed bag for retailers

For retailers, holiday season is like a make-or-break time. This year, there was buoyancy brought on by factors like the seasonally crisp weather and positive marketing messaging among retailers. Planalytics, which provides weather analytics for businesses, too says that December 2016 was actually cold, especially in eastern states which benefited the apparel stores by an estimated US $ 309 million compared with last year. Yet, retail experts caution analysts not to be fooled by rosy […]

Share: 

US department stores register worst results since 2008 recession

As per the Morgan Stanley analysts, department stores registered the worst result since the 2008 financial recession. In the wake of the disappointing holiday season, Macy’s and Sears are collectively closing more than 200 stores, and analysts also suggest that JC Penney could shut down as many as 300 stores within the next couple years. Department stores were hit due to their primary reliance on in-store sales. Target’s same-store sales fell 3 per cent, for example, […]

Share: 

2016 holiday season retail sales rise 4%: NRF

2016 holiday season retail sales during the period of November and December increased 4 per cent to US $ 658.3 billion over 2015. The number includes US $ 122.9 billion in non-store sales, which were up 12.6 per cent over the year before, according to National Retail Federation. The Federation believes that the strengthening economy encouraged consumers to spend even more freely than expected. December month was up 0.2 per cent seasonally adjusted from November and […]

Share: 

Online fashion retailer ASOS posts 36% sales growth

Britain’s largest online-only fashion retailer ASOS will invest more in expansion as it has raised growth forecast on the back of strong Black Friday and Christmas sales. The company reported total revenues of £ 621.3 million in the last four months of 2016, 36 per cent up on the same period a year earlier. The fashion retailer also highlighted the reinvestment they had made to boost their gain from foreign exchange movements into price cuts, […]

Share: 

Ted Baker’s sales up 18%

Luxury brand Ted Baker has reported an 18 per cent jump in sales over the festive trading period. Sales increase was also seen in its online wing, which posted a 35 per cent rise in sales over the same period last holiday season. Ray Kelvin, Chief Executive of the company said, “Ted Baker has continued to perform well over the Christmas period against a tough trading backdrop. This result reflects the appeal of the brand […]

Share: 

House of Fraser reports strong holiday season

A Black Friday online boost helped lift sales over the holiday season at department store chain House of Fraser. The UK-based fashion retailer said that it had a decent Christmas trading period, starting from the week of Black Friday. Like-for-like sales (excluding VAT) in six weeks to January 2, 2017 were up by 5.3 per cent against the comparative period of last year and up 16.7 per cent against 2014. On Black Friday, total sales […]

Share: 

New York & Company brings out holiday season report

New York & Company Inc., a leading women apparel chain with 483 retail stores, has released its holiday season’s performance and fourth quarter fiscal year 2016 outlook. According to the release, the retailer noted a loss of 1.7 per cent in comparable store sales for nine weeks period of November and December, and now it is only expecting single digit percentage sale in full fourth quarter. Additionally, the company expects loss of US $ 2.5-4.5 […]

Share: 

Ascena reveals holiday season sales

Ascena Retail Group Inc, a US-based leading specialty retailer offering apparel, shoes, and accessories for women under the premium fashion segments, has announced its comparable sales for the holiday season . For the combined nine-week period of November and December, consolidated comparable sales of the retailer were down 4.4 per cent. All four segments of the company are showing decreasing sales: Premium Fashion sales dropped (-) 4.2 per cent; Ann Taylor noted (-) 8.2 plunge; […]

Share: 

Strong holiday season for retailers in 2016-17: NRF

Major US’ retail container ports are noting an unexpected growth in imports during the busy holiday season, according to the monthly Global Port Tracker report by National Retail Federation and Hackett Associates. “We are not expecting final sales numbers for few more days, but yes, with import volumes we can see retailer’s strong holiday season,” NRF’s Vice President for Supply Chain and Customs Policy Jonathan Gold said. According to the reports, ports covered by Global […]

Share: 

Lululemon Athletica updates its guidance for fourth quarter

Lululemon Athletica Inc., a yoga-inspired apparel athletic company, has updated its net revenue guidance for the fourth quarter of current fiscal ending 29th January, 2017. The company is anticipating its net revenue in the range of US $ 775-785 million based on a total comparable sales increase in the mid-single digits on a constant dollar basis. Earlier, the guidance of net revenue was in the range of US $ 765-785 million for the comparable period. “We had a strong holiday season […]

Share: 

JCPenney notes sales drop this holiday season

US-based apparel and home furnishing retailer JCPenney has reported that its comparable store sales for the nine-week period of November and December declined 0.8 per cent as against the corresponding period of last year, which equates to a 3.1 per cent positive two-year stack of comparable store sales for the same time period. The company also reaffirmed its full-year EBITDA target of US $ 1 billion for financial year 2016. The first three weeks of […]

Share: 

GAP unveils December sales report

US-based apparel retailer, GAP Inc. has reported that its net sales were up 1 per cent in the months of November and December 2016 (holiday season) compared to last year. Its comparable sales stood at positive 2 per cent for the mentioned period as against previous year. “We’re pleased with the improved momentum we saw over the holiday season, driven primarily by a positive customer response at Gap and Old Navy. Based on these results, […]

Share: 

2016 ‘holiday season’ beats 2015 on spending

As per the recently revealed data by International Council of Shopping Centers (ICSC), 2016 holiday season has come to a close with spending up 16 per cent over 2015 and 4 per cent above consumer expectations. During the season, consumers spent an average US $ 711 on gifts, US $ 100 more than 2015 and US $ 27 more than they had planned to spend. The post-holiday survey of ICSC further stated that consumers spent […]

Share: 
1 2 3