-
J. Crew decline accelerates
J. Crew's troubles showed no sign of easing in the first quarter as the retailer posted its 11th consecutive quarter of same-store sales declines. Total sales fell 6.3% to $532 million in the quarter, ended April 29. Total same-store sales fell 9%. By brand, J. Crew sales decreased 11% to $428.5 million; same-store sales fell 12%. Madewell sales increased 17% to $84.7 million; same-store sales increased 10%. -
Survey: Lidl poses big competitive threat
Consumers are very excited about shopping at German discount grocer Lidl — even though they have never set foot inside one of the company's stores before. Lidl's upcoming entry into North Carolina, South Carolina, and Virginia could remove $1 billion in local sales in the medium term, according to a report by global consulting firm Oliver Wyman which surveyed consumers in the three states cited above. It reveals that consumers are overwhelmingly excited about trying Lidl.

