Despite headlines of major store closures and bankruptcies like Saks, the retail sector shows resilience with more planned openings than closing announced in January.
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Despite headlines of major store closures and bankruptcies like Saks, the retail sector shows resilience with more planned openings than closing announced in January.
Lululemon faces a “downward spiral” due to repeated product quality issues, declining sales, and a leadership crisis. Meanwhile, competitor Fabletics is rapidly growing.
The luxury market is slowing, with online sales flat and customer numbers down. Livestream e-commerce, exemplified by Covet by Christos, shows a way to bridge the gap.
Saks is struggling with declining sales, lost customer trust, vendors holding shipments, executive exodus and liquidity issues. raising doubts about continued viability.
Barnes & Noble, once struggling against Amazon, has rebounded under CEO James Daunt by focusing on local community and the unique instore experience of book discovery.