Lululemon Athletica Inc raised its quarterly sales and profit outlook on Monday, as its efforts to ramp up its online presence and broaden its range helped drive sales during the all-important holiday period.
In the midst of a turnaround orchestrated by CEO Jill Soltau, the American department store operator reported a decrease in comparable sales for the holiday period but reaffirmed its full-year financial guidance.
Nordstrom's new store, located a few blocks from Central Park, marks the 118-year-old company's first flagship offering in the nation's biggest retail market and aims to reboot a format that has been fading.
With holiday shoppers already making purchases and an increasing number of consumers expected to shop on Thanksgiving, analysts are predicting that this year’s Black Friday won’t have quite the same clout.
The U.S. holiday shopping period may heighten Wall Street's perception of a growing divide between retailers adapting to online sales and those unable to shake their reliance on dwindling shopping mall traffic.
J.C. Penney Co on Friday reported a smaller-than-expected quarterly loss as it sold more diamond jewelry and denim clothing, showing efforts to revive sales and profits at the department store are taking hold.