-
ICSC: In-store visits to surpass online shopping Thanksgiving weekend
A majority of shoppers, 81%, intend to do most of their spending in physical stores during the Thanksgiving holiday weekend (Nov. 24-27). This total increases to 95% when you include consumers who will shop at those same physical retailers’ online channels (omnichannel retailers). These are among the findings of the “2016 Black Friday Consumer Survey” from International Council of Shopping Centers (ICSC). -
Gap underwhelms as Q3 profit, sales drop
Gap Inc. delivered another weak quarter as store closures outside of North America impacted its profitability and sales continue to slump at its namesake and Banana Republic divisions. The retailer earned $204 million, or 51 cents per share, in the quarter ended Oct. 29. That compares with $248 million, or 61 cents per share, last year. Adjusted results were 60 cents per share, which matched estimates from FactSet.

