
Upscale retailer Neiman Marcus Group Inc NMRCUS.UL is inviting some of its best and loyal customers to special trunk shows or meetings with designers in hopes they will buy new fashion items at full price.
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Upscale retailer Neiman Marcus Group Inc NMRCUS.UL is inviting some of its best and loyal customers to special trunk shows or meetings with designers in hopes they will buy new fashion items at full price.
US retailers revealed Thursday the extent of dismal sales in the crucial year-end holiday shopping season, when wary consumers snapped their wallets shut in the face of a deepening recession.
Not since at least 1970 has holiday shopping in the United States posted such dismal numbers, according to data released on Tuesday that was likely to prompt retailers to curtail their business even more in 2009.
Many retailers posted sharply lower November sales at stores open at least a year, prompting some investors to pour into the sector on hopes the dismal results signaled a bottom for share values.
Shares of bookseller Borders Group Inc and athletic shoe seller Finish Line Inc plummeted during volatile trading in consumer stocks on Friday, November 21st as fears of a worsening retail environment took hold days b...
Retailer J.C. Penney Inc on Friday said quarterly profit fell nearly 53 percent and warned of worsening results for the rest of the year, just weeks before the crucial holiday shopping season begins.
Kohl's Corp and Nordstrom Inc , two large U.S. retailers, reported sharply lower quarterly profits on Thursday and warned of worse-than-expected results for the rest of the year, just weeks before the critical holiday...
Last year at this time, Kathy Johnson and her husband travelled to London and Paris, where she spent about $2,000 (1,288 pounds) on a shiny, red Louis Vuitton shoulder bag and a matching charm without much thought.
Retail chains posted the worst October sales results in more than three decades as consumers cut spending sharply, stunned by a financial crisis that has derailed the U.S. economy.
Facing the weakest holiday season in nearly two decades, retailers and the vendors who keep their shelves stocked are walking a fine line between helping each other stay afloat and protecting their profits.