Stores can avoid big holiday price cuts: Barclays
By Nicole Maestri
NEW YORK (Reuters) – U.S. retailers’ efforts to cut costs and reduce inventory mean sale signs offering 80 percent off could be in short supply this upcoming Christmas season, Barclays Capital retail analyst Robert Drbul told the Reuters Global Luxury Summit on Monday.
“In the back half of the year … the supply/demand equation [...]
UPDATE 1-Tiffany cuts forecast after holiday sales plunge
CHICAGO, Jan 14 (Reuters) – Tiffany & Co (TIF.N) cut its profit forecast again on Wednesday after sales over the holiday season fell 21 percent as the weak economy dealt a hard blow to the upscale jeweler, sending its shares down nearly 7 percent.
The company also said it is reviewing all elements of [...]
Tiffany cuts forecast after holiday sales plunge
CHICAGO (Reuters) – Tiffany & Co (TIF.N) cut its profit forecast again on Wednesday after sales over the holiday season fell 21 percent as the weak economy dealt a hard blow to the upscale jeweler, sending its shares down nearly 7 percent.
The company also said it is reviewing all elements of its cost structure.
Tiffany expects [...]
Holiday blues hit jewelry sales
By Lisa Baertlein
LOS ANGELES (Reuters) – Sellers of bling caught the blues this past Christmas.
Jewelry sellers in North America and Europe on Thursday said sales plunged during key months of the 2008 holiday shopping season, hurt by the worst economic downturn since the Great Depression and bad winter weather in the United States before Christmas.
Many [...]
Retailers’ holiday sales plummet 4 percent
By Ilaina Jonas
NEW YORK (Reuters) – Retailers’ sales fell as much as 4 percent during the holiday season, as the weak economy and bad weather created one of the worst holiday shopping climates in modern times, according to data released on Thursday by SpendingPulse.
The figures, from the retail data service of MasterCard Advisors, show the [...]
Retailers’ holiday sales plummet 4 percent
By Ilaina Jonas
NEW YORK (Reuters) – Retailers’ sales fell as much as 4 percent during the holiday season, as the weak economy and bad weather created one of the worst holiday shopping climates in modern times, according to data released on Thursday by SpendingPulse.
The figures, from the retail data service of MasterCard Advisors, show the [...]
U.S. retailers’ holiday sales plummet: Spending Pulse
By Ilaina Jonas
NEW YORK (Reuters) – U.S. retailers’ sales fell as much as 4 percent during the holiday season, as the weak economy and bad weather created one of the worst holiday shopping climates in modern times, according to data released on Thursday by SpendingPulse.
The figures, from the retail data service of MasterCard Advisors, show [...]
Retailers’ holiday sales plummet
By Ilaina Jonas
NEW YORK (Reuters) – Retailers’ sales fell as much as 4 percent during the holiday season, as the weak economy and bad weather created one of the worst holiday shopping climates in modern times, according to data released on Thursday by SpendingPulse.
The figures, from the retail data service of MasterCard Advisors, show the [...]
Retailers’ holiday sales plummet: Spending Pulse
By Ilaina Jonas
NEW YORK (Reuters) – U.S. retailers’ sales fell as much as 4 percent during the holiday season, as the weak economy and bad weather created one of the worst holiday shopping climates in modern times, according to data released on Thursday by SpendingPulse.
The figures, from the retail data service of MasterCard Advisors, show [...]
Retailers’ holiday sales plummet: Spending Pulse
By Ilaina Jonas
NEW YORK (Reuters) – U.S. retailers’ sales fell as much as 4 percent during the holiday season, as the weak economy and bad weather created one of the worst holiday shopping climates in modern times, according to data released on Thursday by SpendingPulse.
The figures, from the retail data service of MasterCard Advisors, show [...]