Not exact matches
Hoguet, who is not a millennial, went on to note that Macy's internal economists accurately predicted a number of metrics last year when crafting the company's three - year plan — such as GDP growth, inflation, employment and wages — but missed the mark on GAAP growth, and fell short on
sales of general merchandise,
apparel and furniture, partially because they didn't predict how much off -
price retail and consumer electronics would weigh on
sales.
On Thursday, Gilt said it is closing Park & Bond, a full -
price luxury men's
apparel business and folding it into Gilt MAN, the company's main men's
apparel flash
sales business.
Moody's Investors Service report from August 2016 predicted the market share of the off -
price segment will grow to nearly 10 percent of
apparel sales by 2018, from 8.8 percent in 2015.
Montreal - based Cory Vines, which says it offers high quality, accessibly -
priced athletic
apparel, has seen
sales increase 100 % month - over-month from October to December, according to CEO Daniel Lieberman.
Did you know: July is traditionally one of the slower months for clothing and
apparel sales, so stores will be slashing
prices to encourage reluctant buyers.