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Budgets/Spending/Market Size

  • Five Below enters Texan market

    Five Below plans to open eight locations in and around Houston Friday, June 6, marking the specialty value retailer’s first foray into that city. The company already has 15 stores in the Dallas and Austin markets.

    The store openings are part of the company’s aggressive growth strategy. Last year, the Philadelphia-based retailer opened 60 new stores, and it plans to match that number this year. With the Houston openings, there will be 338 Five Below stores in 20 states throughout the country.

  • Dads get even less love this year

    Father’s Day is already the smallest of gift-giving holidays and this year Americans are expected to spend even less, according to the National Retail Federation’s (NRF) 2014 Father’s Day Spending Survey, conducted by Prosper Insights & Analytics.

    The survey found that the average person will spend $113.80 on neckties, tools, electronics and other special gifts for dad, slightly down from $119.84 last year. Total spending for the holiday is expected to reach $12.5 billion.

  • NRF: Spending on Father’s Day to top $12.5 billion

    Washington, D.C. -- The average person will spend $113.80 on neckties, tools, electronics and other special gifts for Father’s Day, slightly down from $119.84 last year, according to NRF’s 2014 Father’s Day Spending Survey conducted by Prosper Insights & Analytics. Total spending for the holiday is expected to reach $12.5 billion.

  • Survey: Consumers spend less on Father’s Day than Mother’s Day

    Austin, Texas - More people buy Mother's Day gifts than Father's Day gifts (86%, compared to 77%). According to the 2014 Father’s Day Shopper Trend report from RetailMeNot, survey respondents say they spend $61 on Father's Day gifts and $68 on Mother's Day gifts.

  • Consumer spending dips 0.1% in April

    Washington, D.C. – U.S. consumer spending fell by $8.1 billion, or 0.1%, in April 2014. It was the first monthly decline in consumer spending since April 2013 and followed a 1% increase of $117.6 billion the previous month.

  • Panjiva: U.S. imports rise in April

    New York - Imports to the U.S. were up in April from March. According to data from supply chain research firm Panjiva, April 2014 showed levels of imports that were 9% higher than imports in April 2013. The numbers of these shipments coming into the U.S. changed 11% from March 2014 to April 2014.

  • Genesco banks on back half after tepid Q1

    Genesco’s first-quarter results may have been tepid, but the company highlighted its second quarter, which is off to a solid start with a comparable sales increase of 3% through May 24, and expressed confidence that it can build on the current momentum.

    The company reported net earnings of $13.97 million in the first quarter of fiscal 2015, down 3% from $14.41 million in the same quarter last year. An increase in selling and administrative expenses drove the net earnings decline.

  • Restructuring charges dampen Ann Inc. earnings

    New York - A pre-tax restructuring charge of $17.3 million during first quarter 2014 in connection with its previously announced strategic realignment was a major factor in a year-over-year net income decline at Ann Inc. Net income for the quarter totaled $5.2 million, down 66% from $15.4 million in the first quarter of the previous fiscal year.

    Total net sales for the first quarter of fiscal 2014 were $590.6 million, up 3% increase from sales of $574.5 million in the year-ago period. Total same-store sales dropped 1.8%.

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