The NRF Holiday Forecast expects U.S. holiday sales to rise between 3.8% and 4.2% year over year in 2019, an increase driven by strong consumer spending power but threatened by ongoing economic uncertainty.
The New Jersey-based owner of Ann Taylor, Lane Bryant and other brands, slipped into net loss in the fourth quarter, reporting a slight dip in sales of 4.3% as it continues to wind down its Dress Barn value banner.
The womenswear collections for next summer presented in New York, London, Milan and Paris showcased 10 main trends, marking a return to a pared-down fashion, though one veined with a yearning for exuberance.
Ted Baker has delivered weak H1 results with a pre-tax loss and a prediction that H2 would be tough too as the weak environment at home and abroad continues to hurt sales. But it still sees strong prospects ahead.
The Spanish startup connecting social media with ecommerce is considering changing its current business model to explore new income streams. This will lead to “dozens” of job cuts, it told members of staff.
At an investor day in London on Tuesday, M&S management owned up to something the retail sector had probably assumed for some time – that its turnaround program for its troubled fashion ops is way behind schedule.