As consumers continue to shift toward online purchasing, the latest monthly sales data from RetailNext Inc. shows the relevance of the in-store shopping experience.
— September 4, 2015
Retail stocks saw falls, as data showed that British high street sales fell 4.3 percent in August.
The company posted a loss in the second quarter, against net income a year ago.
— September 3, 2015
Despite successive rounds of stock sell-offs in August, the volatility in the market also has an upside.
Genesco stock jumped more than 7 percent as the company beat earnings and sales estimates.
Stocks opened higher, following the lead from Europe as earnings from Genesco and Lands’ End beat estimates.
A calendar shift for Labor Day coupled with a lackluster back-to-school shopping season made August comparable-store sales a challenge.
Yoox Group’s shares jumped 5.9 percent on news of Natalie Massenet’s departure from Net-a-porter.
The Lilly Pulitzer label posted a 41 percent comparable store sales increase in the period.
— September 2, 2015