retail sales

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'Exhausted' Retailers See Some Record-Setting Good News

US retail sales jumped 17.7% from April to May, but retailers aren't out of the woods yet

(Newser) - US retail sales jumped by a record 17.7% from April to May, with spending partially rebounding after the coronavirus had shut down businesses, flattened the economy, and paralyzed consumers during the previous two months. The Commerce Department's report Tuesday showed retail sales have retraced some of the record-setting...

Ikea's Main Franchisee Prepares for Baby Boom

Ingka aims to reopen European stores in May

(Newser) - Ikea's main franchisee has reopened all but one of its stores in China, and next month it plans to welcome crowds back to its European stores, too. Ingka Group—the world's largest furniture retailer, operating 420 Ikea stores around the world—aims to reopen stores in Europe in...

We Just Saw an Unprecedented Plummet in Retail Sales

They were down 8.7% in March, and the reality is likely worse

(Newser) - US retail sales plummeted 8.7% in March, an unprecedented decline that came as the viral outbreak forced an almost complete lockdown of commerce nationwide. The deterioration of sales far outpaced the previous record decline of 3.9% that took place during the depths of the Great Recession in November...

Papyrus Is Closing All 254 Stores
Greeting Card Chain Folds
Jan 22, 2020 8:03 AM CST

Greeting Card Chain Folds

Papyrus is closing all 254 stores

(Newser) - Last year was a tough one for the retail industry and 2020 isn't looking much better. The owner of greeting card and stationery chain Papyrus says that after "Herculean efforts" to make its stores "fit today's retail environment," it is calling it quits, USA Today...

France May Ban Black Friday
It's 'Block Friday'
in This Country
Nov 29, 2019 10:29 AM CST

It's 'Block Friday' in This Country

French lawmakers, activists worry about overconsumption

(Newser) - More than 200 brands are boycotting Black Friday in France this year. But come next year, there might not be a Black Friday in the country at all. A French legislative committee on Monday approved an amendment to an anti-waste bill that proposes to ban Black Friday and other "...

This Is the Shortest Holiday Shopping Season Since 2013

More intense scramble predicted

(Newser) - The mad scramble between Thanksgiving and Christmas just got six days shorter. Black Friday once again kicks off the start of the holiday shopping season. But with six fewer days than last year, it will be the shortest season since 2013 because Thanksgiving fell on the 28th—the latest possible...

H&M Struggles With Mountain of Unsold Clothes

Profits are way down; unsold inventory is way up

(Newser) - H&M says it is struggling with shrinking profits and a massive, ever-growing pile of unsold clothes. The fashion retailer, full name Hennes and Mauritz AB, is sitting on a $4.3 billion mountain of unsold inventory that has grown by 7% over the last year as shopping habits change,...

Dozens More Sears, Kmart Stores to Close
Sears Corp. Is
Closing 63 Stores
Nov 4, 2017 6:42 AM CDT

Sears Corp. Is Closing 63 Stores

The 'holiday blowout' has started early

(Newser) - Sears Holdings Corp. says it will be closing another 63 stores as the ailing retailer tries to turn around its business. The Illinois-based company, struggling to keep up with its rivals, said it will shutter 45 Kmart stores and 18 Sears stores in late January, the AP reports. Liquidation sales...

Prime Day Isn&#39;t a &#39;Day,&#39; and Other Amazon Tips
How to Dominate
Amazon's 30-Hour Prime Day
the rundown
Jul 10, 2017 11:46 AM CDT

How to Dominate Amazon's 30-Hour Prime Day

One tip: Bookmark CamelCamelCamel.com

(Newser) - Will the third time be the charm for Amazon? Its now-slightly-misnomered Prime Day (it's actually 30 hours long, not 24, this year) kicks off at 9pm EDT Monday. Its inaugural sale in 2015 didn't blow consumers over ; in 2016 there were early-morning website issues for some customers. This...

The Limited's Stores Just Got Eliminated

Mall icon closes doors on all its brick and mortar stores

(Newser) - The Limited is a mall staple no longer, abruptly announcing that all its remaining 250 locations would close Sunday, reports the Washington Post , resulting in about 4,000 job losses. Per a statement on the retailer's website: "We're sad to say that all The Limited stores nationwide...

Macy's, JC Penney Sued Over Bargains That Aren't Bargains

'Customers have the right to be told the truth about the prices they're paying'

(Newser) - Los Angeles prosecutors on Thursday sued four national retailers, accusing them of duping shoppers into believing they got bigger discounts than they actually did, the AP reports. The separate lawsuits alleging deceptive advertising were filed against JC Penney, Sears, Kohl's, and Macy's, according to the Los Angeles city...

Tiffany on Poor Sales at Iconic Store: Blame Trump

Cites 'election-related activity' near flagship store

(Newser) - Having the president-elect as a neighbor isn't all sunshine and roses, according to Tiffany, which appears to partly blame Donald Trump for its poor US sales over the last three months. Tiffany actually saw a 1% boost in worldwide sales to $949.3 million in Q3—the company's...

Weather Outside Is Frightful—for Retail

Retailers have lost $185M in sales of cold-weather apparel, outerwear

(Newser) - Thanks to the "blowtorch" effect , the weather across much of the US has been unseasonably mild, meaning many consumers are sitting on their wallets when it comes to apparel for frigid temps, Ad Age reports. That put a solid dent in November retail sales to the tune of $185...

Kevin Spacey Helps Alibaba Score $1B in 8 Minutes

Daniel Craig (aka James Bond) helped Alibaba out, too

(Newser) - Every Nov. 11, the Chinese celebrate Singles Day, an homage to the uncoupled—the 11/11 date is "reminiscent of 'bare branches,' the Chinese expression for bachelors and spinsters," notes Bloomberg . But Alibaba has something even bigger to raise a glass to: the fact that it smashed...

10 of Amazon's Best Prime Day Deals

Prime users get taste of Black Friday in July as retailer discounts electronics, more

(Newser) - It’s Amazon’s 20th birthday and Christmas for Amazon Prime users who have exclusive access to Prime Day sales today in celebration. Amazon says the online sales event will top Black Friday in terms of volume. Don’t want to pay the $99-per-year membership fee to score a deal?...

Gap Closing 1 in 4 US Stores
 Gap Closing 1 in 4 US Stores 
Jun 16, 2015 1:03 AM CDT

Gap Closing 1 in 4 US Stores

CEO says 'lack of optimism' has affected fashion design

(Newser) - Gap plans to do two things to reverse tanking sales: make clothes that more people want to buy, and sell them in fewer locations. The company plans to close 175 of its stores in North America over the next few years, most of them by the end of January. That'...

Black Friday Spending Drops 11%

But holiday shopping is 'marathon, not sprint': analyst

(Newser) - This year's Black Friday sales, it seems, weren't as tempting as last year's. Spending was down 11%, according to the National Retail Federation. The group had expected some 140 million shoppers this year, but the number ended up closer to 134 million, Businessweek reports. But the group...

Black Friday Shoppers Get in Line 3 Weeks Early

2 Calif. women have been camping out next to a Best Buy since last week

(Newser) - Some stores are trying to resist Black Friday madness by refusing to open on Thanksgiving , but for die-hard shoppers, it's never too early to get ready for the mega-sales. Take Vicky Torres and Juanita Salas, who were already bundled up and camped out in front of the Beaumont, Calif....

Chill Out, Activists: Working Black Friday Is Fun

There are other ways to fight for retail employees: Angela Harmon

(Newser) - People like to hate on Black Friday and its gradual encroachment onto Thanksgiving, often "offering righteous indignation on behalf of retail workers who can’t spend the holiday with their families," writes Angela Harmon on Salon . But as a former retail employee who volunteered to work the midnight...

Do Not Buy These 6 Things on Black Friday

24/7 Wall St. lists the worst deals of retail's busiest day

(Newser) - You may be looking to spend less this holiday season—a Gallup poll says buyers will shell out an average $704 on presents, down from $770 last year—so 24/7 Wall St. wants to help you out. In order to get the most bang for your buck this Black Friday,...

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