-
Study: U.S. retailers should look to China for growth
U.S. retailers looking for a new source of revenue may be in luck.
The number of China-based consumers shopping U.S. brands online during the holiday season has increased seven times from 2014, which is a record level according to Ant Financial Services Group’s Alipay. Alipay also found that total sales from China-based consumers purchasing U.S. products with its Alipay ePass cross-border e-commerce solution increased 15 times from the prior year.
-
Lands' End Q3 results show turnaround has a long way to go
A pullback in promotions, reduced catalog circulation, and unseasonably warm weather helped make for a very disappointing third quarter for Lands' End, whose effort to turnaround its business is having trouble taking hold.
The apparel retailer's sales fell 10% to $334.4 million in the quarter ended Oct. 31, compared to $373.1 million last year.
Net income fell 41% to $10.7 million, compared to $18 million in the third quarter last year.

