U.S. consumers struggling with recession were willing to shop more for clothes in November because of extreme discounting and colder weather after months of avoiding apparel purchases. Even though same-store apparel s...
Retailers that offer good value or the hottest products should come out on top this holiday season, while those that need deep discounts to lure shoppers could see earnings pressured, analysts said on Monday.
Last year at this time, Kathy Johnson and her husband travelled to London and Paris, where she spent about $2,000 (1,288 pounds) on a shiny, red Louis Vuitton shoulder bag and a matching charm without much thought.
Facing the weakest holiday season in nearly two decades, retailers and the vendors who keep their shelves stocked are walking a fine line between helping each other stay afloat and protecting their profits.
Children's clothing retailer Carter's Inc raised its full-year growth outlook and said earnings may not fall as much as expected, citing continuing strong birth rates, sending its shares up as much as 16 percent.