Macy's said strategy of opening its Backstage off-price chain within its department stores drives traffic into the main store, but experts say the move confuses customers and could hurt Macy's longer-term results.
German sports apparel brand Adidas AG expects its huge operating margin in China to shrink slightly in the long term, while its small U.S. margin grows markedly in the near term, its new CEO said on Thursday.
The prospects for UK retail remain both patchy and confusing as a new report from Ipsos Retail Performance on Friday showed poor footfall during March, despite another tracker suggesting footfall rose last month.
The bad news continues for UK retail. Just a day after the BRC reported lower fashion sales in February, Ipsos Retail Performance said that last month its Retail Traffic Index (RTI) showed a massive 12.5% footfall drop.
Tiffany sales during the holiday period were "somewhat lower" than expected, due to lower consumer spending and a downturn at its NY flagship store, which the brand says was partly caused by its proximity to Trump Tower.