Seasonal

Uncertainty among the upcoming presidential election is not dampening holiday sales outlooks.   Indeed, retailers need to be ready to present their holiday best as U.S.-based retail performance over the November through December holiday period is expected to see a 3.2% year-over-year (YoY) lift in sales. This jump is driven partly by a 14.9% increase in YoY sales through digital channels, according to new data from RetailNext.  

The holiday shopping frenzy has begun, and it is shaping up to be more digital than ever.

Summer has barely said goodbye, but consumers nationwide have already turned their attention to the holidays. In fact, nearly one third of consumers, and nearly half of parents, began holiday shopping before Labor Day.

Come this winter, shoppers in frigid Minnesota will be able to escape to a tropical paradise without leaving the state.

Jimmy Buffett’s Margaritaville restaurant will open a location at Mall of American, Bloomington, Minn., on Sept. 20. The 315-seat restaurant and bar will be Margaritaville’s first in the state of Minnesota.

Things are looking up for Toys “R” Us.   The nation’s largest specialty toy retailer posted a 20% increase in operating profit and reduced its net loss for the second-quarter amid reduced costs, including the expense of running its now-shuttered Times Square flagship.    In addition, the retailer announced it successfully reached an agreement to refinance all of its 2017 notes and a portion of its 2018 maturities.  

It’s no secret that online shopping and changing consumer preferences continue to impact physical retail traffic. Despite the shifting landscape, retail sales remain largely intact and, more importantly, are expected to increase year-over-year this holiday season.

November and December (NRF weeks 40 – 48) are known as primetime for physical retailers. Sales generated during this period immediately impact a brands’ bottom line, and they set the stage for either success or struggle in the first quarter of the following year.

The Lands' End experience has arrived in the SoHo section of Manhattan.   Lands' End opened an 8,000-sq.-ft., two-floor temporary store, at 580 Broadway, featuring men's, women's and kids' apparel, footwear and accessories from the fall, holiday and winter along with a variety of personalization services and experiences.    

The holiday hiring wars have begun.

Target Corp. is the first national retailer to announce its holiday hiring plans with the news that it plans to hire 70,000 seasonal store associates. The amount is the same as last year.

In addition, the discounter plan to hire 7,500 employees to work in its distribution and fulfillment facilities during the holiday season, which is slightly up from last year.