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Midwestern U.S. has highest rate of holiday returns
Irvine, Calif. -- Statistics released by The Retail Equation, gathered during the seven days after Christmas, revealed that the Midwest states had the highest rate of returns, when comparing total dollars purchased to total dollars returned and exchanged.
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New York & Co. gets through challenging holiday
New York & Company CEO Gregory Scott is pleased with the company’s holiday performance. The operator of 514 stores has navigated through what it called a challenging retail environment to build on the momentum it generated in the first three quarters of the year.
Comparable-store sales for the nine-week period ended Jan. 4 increased 1%. Additionally, the specialty apparel chain narrowed its outlook for the 13-week fourth quarter ending Feb. 1.