Unresponsive consumers combined with an uncooperative calendar to leave retailers with December sales that fell below estimates and further pressured their fourth-quarter profits.
Thomson Reuters put the median increase for firm’s reporting December results Thursday at 2.4 percent, excluding drug stores, slightly better than the 1.9 percent median increase expected. Yet, every apparel retailer on the list missed the consensus estimate of analysts. The “misses” by the two teen retailers on the list, Zumiez Inc., down 2.4 percent versus a projected 1.6 percent gain, and The Buckle Inc., down 2.8 percent versus a projected 0.9 percent gain, were among the largest.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)