retail sales

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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,...

Black Thursday Banned in 3 States

No Thanksgiving Day shopping in Mass., RI, Maine

(Newser) - The spread of Thanksgiving Day shopping has created a lot of fuss this year, but it's not a big issue in Rhode Island, Maine, or Massachusetts—because it's illegal. The three New England states have "blue laws" dating back to colonial times that ban shopping on Thanksgiving...

Tsarnaev Doubles Sales of Rolling Stone

Boycott no match for the controversial issue

(Newser) - Further proof that a good furor can gin up business: Despite a boycott that saw some retailers yank the issue from shelves, Rolling Stone's "Boston Bomber" cover featuring Dzhokhar Tsarnaev was a hit on newsstands, selling twice as many issues as usual, Ad Week reports. The mag unloaded...

Tax-Free Online Shopping Hits the Chopping Block

Senate votes 74 to 20 to take up bill that could spell the end

(Newser) - The halcyon days of widespread tax-free online shopping may be numbered. The Senate yesterday voted 74 to 20 to take up a bill that would let states require Internet retailers to collect sales tax, the AP reports. It could be passed within the week, though it may have a tougher...

Mass Layoffs Backfired in JCPenney Overhaul

Slashing headcount wasn't one of Ron Johnson's better ideas

(Newser) - Of all the missteps that led to the plunge in sales at JCPenney and the exit of CEO Ron Johnson , the mass layoffs Johnson instigated may have been the most damaging, the Wall Street Journal reports. The firm's average 150,000 full- and part-time workers had been gutted to...

Store Slaps Showroomers With $5 &#39;Just Looking&#39; Fee


 Store Institutes 
 $5 'Just Looking' Fee 
in case you missed it
Mar 30, 2013 7:00 PM CDT

Store Institutes $5 'Just Looking' Fee

'I'm not here to dispense a charity service for Coles and Woolworths'

(Newser) - Attention, showroomers : An Australia specialty food store has implemented a $5 fee for "just looking." Two Reddit users brought attention to the Celiac Supplies store, posting photos of a sign out front explaining the policy, which promises to deduct the $5 when customers buy something. "There has...

US Retail Sales Rise 0.5%
 US Retail Sales Rise 0.5% 
Jan 15, 2013 9:13 AM CST

US Retail Sales Rise 0.5%

Holiday sales indicate that no one was worried about fiscal cliff

(Newser) - US consumers increased their spending at retail businesses in December, buying more autos, furniture, and clothing. Steady job growth and lower gas prices kept consumers shopping for the holidays, despite worries about potential tax increases. The Commerce Department said today that retail sales rose 0.5% in December from November,...

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