About 821,000 workers will be hired for retail seasonal jobs this year, up 11 percent from a year ago and the highest since records were started in 1990, estimates Michael Niemira, founder of economic forecasting firm The Retail Economist LLC.
After blaming the Polar Vortex’s chill for sluggish results last winter, U.S. retailers now say warm temperatures in October hurt sales of boots and sweaters. Some retail analysts aren’t buying it.
As the holidays near, retailers face a dilemma: Open on Thanksgiving and stand accused of ruining a national holiday or stay closed and risk losing sales.
A shortage of transportation equipment and possible labor disruptions at the Long Beach port complex is delaying shipping containers for up to three weeks, threatening timely delivery to retailers for the holiday season.
BoF compiles the most important professional moves of the week.
NEW YORK, Aug 1 (Reuters) - Macy's Inc told a judge on Thursday that J.C. Penney Co should be barred from selling certain home goods designed by celebrity trendsetter Martha Stewart, and Penney and Martha Stewart Living Omnimedia also delivered closin...
WASHINGTON DC, United States — Nearly 20 North American retailers including Wal-Mart Stores Inc and Gap Inc unveiled a 5-year safety plan for Bangladesh garment factories on Wednesday that would include inspecting every factory within a year.
PLANO, United States — J.C. Penney Co., the department-store chain looking to rebound from its worst sales year in more than two decades, will get a boost from the opening of renovated housewares sections this month, chief executive officer Mike Ullman said.
Tory Burch has good reason to party after a billion-dollar brainwave (Telegraph) “Tory Burch may well just have made a $1 billion faster than any other woman in history; faster, possibly, than even that alpha male of fashion, Ralph Lauren. After a fair amount of hoo-ing and haa-ing, Burch, who owns 28.3 per cent of her label, quietly settled a dispute with her former second husband Chris Burch on New Year’s Eve, which
Mulberry looks to have its future sewn up (FT) “Bruno Guillon says that what he likes best about British design is its ‘relaxed confidence’. In the coming months, the Mulberry chief executive will need plenty of that himself as the UK-based maker of upmarket handbags grapples with the effects on the fashion industry of global economic weakness.” J.C. Penney ‘Backtracking’ With Discounts, Deutsche Says
NEW YORK, United States — He has been ordained “the alpha male of American street style” by GQ and called “Woost God” by some of his most rabid fans. But Nickelson ‘Nick’ Wooster, known for his sharply tailored blazers, handlebar moustache and armsleeve tattoos, is more than an arbiter of good taste. A menswear authority who has spent over 25 years working with leading luxury department stores like Barneys New York,
Why JC Penney Will Come Back (The Motley Fool) “Rome wasn’t built in a day, and no one said JC Penney’s turnaround would happen overnight either. Since Ron Johnson took the helm back in January, shares have been sliced in half and currently sit near 52-week lows.” It’s Karl’s world, we just live in it (The Independent) “Lagerfeld’s output is more diverse than any other
São Paulo Fashion Week: One of the biggest fashion weeks in the world (Exec) “For many years, quality fashion in Brazil came from the European market. Brazilian magazines used to maketheir fashion editorials based on the international aesthetic. The designers of the time were required to follow trends dictated by the international textile industry. However, there was a need to explore the fashionable Brazilian cultural