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Seasonal

  • Retailers post strong November sales, apparel a top-performer

    New York City -- Retailers nearly across the board reported a strong start to the holiday season as their November sales were enhanced by aggressive discounting that started early in the month. Same-store sales rose 6% in November,  above the estimated growth of 3.6% and the year-ago gain of 0.6%, according to 27 retailers tracked by Thomson Reuters. 

  • Macy’s, J.C. Penney and Kohl’s beat November forecasts

    New York City -- Department store retailers enjoyed a strong November, with nearly all the leading chains topping analysts  projections.

    Macy’s reported Thursday that its same-store sales rose 6.1% in November, boosted by a strong Black Friday weekend. The company raised its earnings guidance.

  • RILA report: Same-store sales rises suggest rise in consumer activity

    Arlington, Va. -- After same-store sales reports on Thursday showed strengthened performance among most major retail chains, the Retail Industry Leaders Association said that November results may suggest that consumer activity is on the rise, and could indicate the strongest holiday shopping season retailers have experienced in recent years.

  • How the cloud can cushion the impact of holiday demand

    By Thomas Kiblin, [email protected]

    Frenzied shopping trips, unexpected visitors and gift-wrap paper cuts -- I bet you thought consumers were the only ones suffering during the holidays. But have you ever thought that the holiday season is anything but fun for retailers IT departments?  It’s a time of scorching demand, long days and loads of customer transactions on systems typically not designed for peak performance. For retail in December, the pressure is on.

  • Discounters and warehouse clubs beat expectations in November

    New York City -- The nation’s discount retailers and warehouse club operators posted strong sales in November, beating analysts’ expectations. The results were fueled by promotions and cold weather in some parts of the country, as well as strong Black Friday traffic.

    Target Corp. said Thursday more shoppers came to its stores in November and spent more than a year earlier, helping to fuel a 5.5% rise in same-store sales during the month. Analysts polled by Thomson Reuters, on average, expected a 3.7% gain.

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