Gap Inc. on Thursday reported first quarter earnings and same-store sales that missed Street analysts amid a surprising slowdown at its Old Navy brand. Total sales, however, were better than expected.
Williams-Sonoma easily beat Street estimates in its first quarter amid a healthy increase in e-commerce sales and another strong performance by its West Elm brand.
Expect the malls of 2023 to include new uses and experiences, as retail real estate responds to five major industry and demographic trends over the next five years.