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“#US retail spending slowed in November as COVID spooked shoppers” US retail sales slumped in November — the second consecutive monthly decline — as the growing number of coronavirus cases spooked shoppers across the country. Retail sales dropped by 1.1 percent in November after slipping 0.1 percent in October, the Commerce Department said on Wednesday….
“#Swiss running shoe On opens first store in NYC” A Swiss sneaker brand that counts Roger Federer among its investors is opening its first store ever on Wednesday in lower Manhattan. On, whose running shoes sell for about $150 to $200 a pair, has made its shoes available in Nordstrom, REI, JackRabbit and other high-end…
“#Neiman Marcus CEO may cut pricey perk for top execs: report” Neiman Marcus may ax a controversial health insurance plan for its chief executive and his top officers — just days after the lavish perk was exposed in an exclusive report by The Post. Chief Executive Geoffroy van Raemdonck — who stands to reap as…
“#Zalando co-CEO Rubin Ritter quits to focus on wife’s career” A leader at one of Europe’s biggest online fashion retailers is stepping down to help his wife pursue her own career. Rubin Ritter, one of three co-CEOs at e-commerce giant Zalando, said he will resign in May after 11 years at the company so he…
“#NY authorities fine ‘Walmart of liquor’ over out-of-state gift cards” Big-box liquor store chain Total Wine & More got slapped with a $22,500 fine for distributing gift cards in Florida that were redeemable in New York. New York Fine Wines & Spirits — a massive liquor store in Westbury, LI that’s owned by Total Wine…
“#Topshop retail empire of tycoon Philip Green may die amid COVID-19” The retail empire of tycoon Philip Green, which owns well-known British fashion chains like Topshop, appears to be on the brink of collapse following the economic shock of the coronavirus pandemic. In another blow to the British retailing industry in the run-up to the…
“#Neiman Marcus now offering no-interest payments on its pricey fashions” You’ve mortgaged the house and taken out a loan on the Toyota. Now, it’s time to finance that new Gucci bag. Neiman Marcus plans to court shoppers with beer budgets and champagne tastes this holiday season — inviting them to scoop up high-priced fashions from…
“#Pandemic fails to put a crimp in holiday shopping outlook” The pandemic hasn’t derailed holiday shopping this year — at least not yet. Retail sales are on track to grow by as much as 5.2 percent to $767 billion during November and December as many consumers enter the holiday season with fatter savings accounts and…
“#More Americans turn to online shopping on Black Friday: survey” For the first time on Black Friday, more shoppers will be buying their gifts online than in stores, according to a survey. As the number of COVID-19 cases continues to surge across the country, 58 percent of consumers are ditching long-held traditions of trekking out…
“#Walmart sees promising holiday season as online sales soar” Walmart said Tuesday it was optimistic about its holiday sales prospects in a pandemic-ridden year after the big-box retailer beat Wall Street expectations for quarterly results as Americans increasingly shift their spending online. The surge in demand for essentials at Walmart seen at the peak of…