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NRF: Despite drop in auto, September sales up in most retail sectors
Retail sales fell in September for the first time in six months, but the decline was credited to a drop-off in auto purchases. Most U.S. retail sectors actually experienced broad sales gains during the month, according to the National Retail Federation, which reported that, excluding automobiles, gas stations and restaurants, retail sales grew a seasonally 0.6% compared to the previous month and 3.8% unadjusted compared to the prior year.
Results of specific sectors include:
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Lululemon adds former Kmart exec to leadership team
Lululemon has appointed Tara Poseley as the company’s chief product officer. In this role, Poseley will oversee the company’s global merchandising and design strategy, working hand in hand with its design team including Deanne Schweitzer, SVP and head of women’s design, and Felix Del Toro, SVP and head of men’s design.
Poseley, who will be reporting to CEO Christine Day, will be responsible for merchandising, inventory, allocation and strategic planning.