ALBANY, N.Y. — More than three-quarters of New York retailers believe their sales during the upcoming holiday shopping season will be at least as good or better than last year's, according to a survey by the Retail Council of New York State.
When asked whether they anticipated 2007 holiday season sales to be better than, worse than or the same as last year's holiday season, members' responses varied, with the majority of survey participants expressing a positive outlook. According to the results, 37 percent said they expect sales to be better; 41 percent said the same; 21 percent said worse, and 1 percent had no response.
"The forecast for the holiday selling season is bright with 78 percent of respondents telling us they believe their sales will be better than or about the same as last year," said James Sherin, president and chief executive officer of the Retail Council. "Despite negativity on the part of economic analysts and prognosticators in advance of the holiday season, our members appear to be upbeat and have realistic expectations of what lies ahead."
However, on the consumer side of the issue, many plan to cut back on overall spending, while more than three in four Internet users plan to do as much or more of their holiday shopping online this year as they did last year, according to a new AOL Shopping/Zogby Interactive poll of Internet users in the top 20 U.S. markets.
According to the AOL/Zogby poll, 74 percent of poll respondents plan to do at least some holiday shopping online, and 26 percent plan to spend at least half of their holiday shopping dollars online. According to the poll, the top online purchases include books, music or movies (57 percent); clothing, shoes and accessories (32 percent), and gift cards (23 percent).
The survey also found that more than a third of holiday shoppers plan to cut back their gift-buying budgets this year. The main reasons cited were: lower income this year (28 percent), general economic concerns (25 percent) and increasing energy prices (19 percent). Forty-five percent plan to spend less than $500, and only 16 percent plan to spend more than $1,000 on holiday gifts this year."The poll findings are a clear indication that consumers, on tighter budgets this holiday season, recognize the many benefits of shopping online, including the ability to save time and money," said Robert Hayes, vice president and general manager of AOL Commerce.
"These [consumer] polls come and go," said Ted Potrikas, spokesman for the Retail Council. "And a person's feelings about shopping, particularly during the holiday season, are oftentimes governed by sentiment. The best laid plans often go right out the window when you get into a store or when you get online."
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion
“I’m Russian and I love to use all these little tricks that I got from my grandma or my mom. We didn’t have a lot of money for creams or anything like that so we would use a garden as a beauty treatment regime. We’d put cucumber in the fridge and do a cucumber mask,” says model @irinashayk on one of her beauty hacks. WWD asked celebs what their go-to self-care rituals are. See what Naomie Harris, Freida Pinto and more said on WWD.com. #wwdeye #wwdbeauty (📷: @zefashioninsider)
Exclusive: @viktorandrolf are teaming up with @Zalando on a collection made from leftover clothing. The lineup, which lands at the retailer February 1, includes 17 pieces adorned with sliced up and repurposed overstock from the retailer’s private label collection. Pictured here is a look from the collection –– see more on WWD.com. #wwdfashion #wwdnews
@duewestnyc is the newest bar joining the collection of intimate neighborhood-focused spaces in the West Village. The cocktail menu, which includes bitters and syrups made in-house, offers a “Build Your Own Old-Fashioned” – like the one pictured here – where guests can choose from a list of spirits and unexpected sugars and bitters. #wwdeye
Spotted at last night’s National Board of Review gala in NYC: Angelina Jolie. Jolie – along with Meryl Streep, @lupitanyongo and more – continued the all-black dress code from Sunday’s Golden Globes. #wwdeye (📷: @lexieblacklock)