In The News
Dick's emerges as COVID-19 era winner with Q2 comps up 20.7%
Dick's posted its best-ever quarterly earnings and sales figures as consumers spent more time exercising and outdoors in the second quarter.
Kohl's Q2 digital sales spike nearly 60% amid omnichannel push
Kohl's on Tuesday reported that second quarter total revenue dropped 23.1% year over year to $3.4 billion. Net sales fell 22.9% in the quarter to $3.2 billion, compared to a 3.3% decline in the same period last year. Digital sales grew 58%, according to a conference call presentation.
Jane Hali & Associates on retail-dominant earnings week, sector winners & losers
Jessica Ramirez, retail research analyst at Jane Hali & Associates, talks retail earnings expectations as a slew of companies, including Home Depot, Target and TJ Maxx prepare to report.
JenniferLopez Is Designing a $495 Bag for Coach — Here’s How Else the Brand Plans Bounce Back
As expected, Coach’s quarterly sales drop was steep, reflecting the deep impact of the pandemic. But executives at the Tapestry-owned label are confident the brand has all the right ingredients in place to bounce back during the fall and holiday seasons.
Tapestry’s pandemic losses narrow with online boost
The parent of Coach, Kate Spade and Stuart Weitzman expects to return to growth by the second half of fiscal 2021 after acquiring one million new online customers in Q4.
Wayfair makes a profit as Q2 sales spike 84%
Wayfair experienced "record demand" in the second quarter dominated by the COVID-19 pandemic, with record numbers of both new and repeat customers, CEO Niraj Shah said in a press release.
Capri, Ralph Lauren quarterly results indicate widespread damage to apparel sales
As apparel retailers buckle under intensified pressure brought on by the COVID-19 outbreak, several that cater to middle-income and budget-minded consumers have turned to bankruptcy and other restructuring measures. But quarterly results from Ralph Lauren and Capri in recent days demonstrate that clothing companies selling to higher-income customers aren't immune to its fallout, either.
What the pandemic has done to Nordstrom's revamp
This was the year the retailer planned to expand its ecosystem concept and redefine the department store. Instead it's scrambling like everyone else.
Inside Nike’s latest bet to understand its customers
The sports giant is unveiling its new mega-flagship store in Paris to build more direct-to-consumer retailing and avoid discounts.
How Ascena went bankrupt
Ann Taylor and Lane Bryant owner Ascena last year pushed back on the notion that it was anywhere near bankruptcy — its interim board chief in October pointed to its "large iconic brands and a business with significant liquidity" — and it doubled down on that as recently as March.
‘You can’t just export the strategy’: How Muji’s US expansion faltered
Japanese retailer Muji is the latest brand to feel coronavirus headwinds.
Last week, the company announced that the U.S. arm of its business will file for Chapter 11 bankruptcy. Muji currently has 18 stores in the United States, and is reportedly mulling scaling back that footprint. It’s certainly not the only retailer facing similar hardships, but the Japanese company has had its own set of problems since before the pandemic.
COVID-19 Impact on Retail: A Thinning of the Herd?
Jane Hali, ceo of her namesake firm, said the COVID-19 pandemic accelerated the retail industry's troubled path.
