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Winter Holidays

  • Survey: Retailers hiring more experienced holiday help and thinking long-term

    Retailers are paying more and offering more incentives to secure experienced in-store help to increase sales

    At least that’s according to a new survey by Korn Ferry Hay Group, a leading global hiring and organizational advisory firm.

  • Acquisition weighs on Ascena comps

    Strong sales at Maurices and Lane Bryant weren’t enough to lift Ascena in the first quarter, as the company reported a decrease in comps.

    For the period ended Oct. 24, the company reported a net loss of 10 cents per diluted share compared to net income of 32 cents per diluted share in the same period of fiscal 2015. The company blamed the decrease on transaction costs related to the acquisition of Ann Inc., which closed during the first quarter fof fiscal 2016. Comps dropped 3% in the first quarter.

  • Retailers give thanks for Cyber Week

    Despite a few hiccups with site availability, Cyber Week 2015 on the whole was a huge success for the retail industry and bodes well for the remainder of the holiday season.

    According to data from Adobe, from Thanksgiving Day through Cyber Monday, consumers spent $11 billion online. This marked a 15% increase from Cyber Week in 2014 and represented 30% of a total $39.5 billion in November online sales. Adobe predicts consumers will spend $1 billion a day online every day from Dec. 1- Dec. 18.

  • A surging American Eagle Outfitters names CEO — finally

    Everything old is new again at American Eagle Outfitters, apparently with good reason.

    The teen apparel retailer on Wednesday named Jay L. Schottenstein as CEO, effective immediately. Schottenstein, who has served as interim chief since January 2014, will also continue in his role as executive chairman of the board. The news of his appointment came as the retailer reported a strong increase in its third quarter earnings. It was the chain’s third consecutive quarter of increased sales and profits.

  • Discounts few and far between on big retail weekend

    It’s no wonder so many shoppers were not impressed with some of the big holiday deals being offered by big retailers this past week.

  • Cabela's may be hunting for a buyer

    Cabela's has confirmed that it is in the process of reviewing strategic alternatives weeks after speculation surfaced that Bass Pro Shops is looking to acquire the retailer.

    Cabela's announced Wednesday that its board of directors is initiating a process to explore and evaluate a wide range of strategic alternatives to further enhance shareholder value.

  • Kohl’s has a heck of a week

    With all the attention focused on generally strong online holiday sales during “Cyber Week” (Nov. 23-29), it may be instructive to look at the experience of one major retailer.

    Kohl’s has released an infographic summarizing what so far is a successful digital holiday shopping season. Among the facts and figures Kohl’s has released about the performance of Kohls.com during Cyber Week:

  • Report: What retailer dominated social media on Cyber Monday?

    One retailer was clearly in a league of its own when it came to social media dominance of Cyber Monday.

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