Kohl’s was among the retailers that wowed analysts and commentators this week when it reported a very strong increase in sales for November and December: comparable sales and total sales were both up 6.9%, the retailer’s strongest quarterly comp in… Continue Reading
This summer saw the opening of what is only the second major off-price chain in Europe. Hudson’s Bay Company brought its Saks Off 5th off-price format to Europe in June, with the opening of its inaugural store in Düsseldorf. It… Continue Reading
Amazon is much more than a household name, given that more than half of US households already have an Amazon Prime membership, according to Cowen and Company estimates. However, Amazon’s emerging private-label brands have not yet achieved widespread name recognition,… Continue Reading
Economic conditions look good for back-to-school spending this year—unemployment is low, consumer confidence is at a 16-year high, housing prices have risen and gas prices remain low—leading to healthy forecasts for shopping this season. Fung Global Retail & Technology expects… Continue Reading
This week, the Fung Global Retail & Technology team is attending World Retail Congress 2017 in Dubai. On the first day of the conference, we heard two respected names in department-store retailing hold forth on the shifts and challenges retailers… Continue Reading
Last week, JCPenney became the latest big US department-store name to announce a round of store closures. The company said it will shutter 130–140 stores as well as two distribution centers over the next few months in a move to… Continue Reading