Over the five-day Thanksgiving weekend including Cyber Monday, consumers didn’t turn out as expected or spend as much. If this weekend – the traditional kickoff for the holiday shopping splurge – is the measure, then it was a dud. The number of shoppers in-store and online dropped by some 5.2% from 2019 pre-pandemic high, […]
Archive | Retailers & Retailing
RSS feed for this sectionAmazon’s Hold on Millennials Is Steadfast, But Competitors Can Break Its Clutches
Since its inception, Jeff Bezos has been playing the long game at Amazon. He put everyone on notice in his first shareholder letter in 1997: “We believe that a fundamental measure of our success will be shareholder value we create over the long term. We choose to prioritize growth.” Profits took a back seat to […]
Luxury Home Furnishings Retailer Arhaus Got a Cool Reception on Wall Street
On the surface, premium home furnishings retailer Arhaus (NASDAQ: ARHS) had everything going for it as it made its debut on Wall Street early this month – strong profitable growth in the rapidly expanding furniture market. But investors weren’t necessarily buying it. It originally aimed for a $2.38 billion valuation with shares priced between $14 […]
Strong Holiday Retail 2021 Forecasts Are in Reach, But Next Year Is Another Question
The National Retail Federation (NRF) is out with its holiday 2021 forecast and it’s a doozy. November and December retail sales are predicted to grow between 8.5% to 10.5% over 2020, excluding automobile dealers, gas stations and restaurants. This comes on the heels of last year’s spectacular increase of 8.2% after consumers threw off the […]
For Neiman Marcus Celebrating Hispanic Heritage Is More Than Just A Month-Long Event
Gabriela Hearst, Carolina Herrera, Johanna Ortiz, Tata Harper, Manolo Blahnik, Oscar de la Renta, Narcisco Rodriquez and Paco Rabanne share more than just being fashion designers. They all trace their heritage from Hispanic and Latino origins. And they all are taking the spotlight in selected Neiman Marcus window displays in honor of Hispanic Heritage Month, […]