(AP)-- Barnes & Noble on Tuesday posted a larger second - quarter loss than last year and lowered its profit forecast for this quarter in anticipation
of weak holiday sales and high costs of launching its electronic book...
Not exact matches
After pulling back on its
holiday season hiring in anticipation
of weaker sales this year, Macy's (m) said on Friday it will hire another 7,000 temporary workers, citing a strong number
of shopper visits so far this Christmas period.
Shares
of GameStop are falling on
weak holiday sales, while Nintendo shares are also down on its new «Switch» console pricing.
For all the headlines this month
of weak department store
sales and closing stores, retailers enjoyed a stellar
holiday season, buoyed by higher wages and soaring consumer confidence.
EL SEGUNDO, Calif. (AP)-- Toy maker Mattel says
weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish
holiday season led to an unexpected first - quarter loss.
Toy maker Mattel said Thursday April 17, 2014
weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish
holiday season led to an unexpected first - quarter loss.
PAWTUCKET, R.I. (AP)-- Hasbro's fourth - quarter net income edged down, a disappointing
holiday season hurt by one - time charges and
weak sales of its Beyblade spinning top game and Marvel toys.
Macy's has announced the closure
of 68 stores and the reorganization
of others, part
of the approximately 100 closings announced in August 2016 and
weak holiday sales.
While the annual unit
sales growth
of print books is expected to be slightly
weaker this year than in the previous two years, global information company The NPD Group predicts a strong
holiday season with 5 percent unit
sales growth in the remaining five weeks.
«Although Star Wars Battlefront II had a
weaker - than - expected debut in terms
of its domestic physical sell - through, we believe that the loyalty
of the Star Wars fan base, the game's appeal as a
holiday gift, and the release
of Star Wars: The Last Jedi on December 15 will result in
sales of the game bouncing back in the December retail month», he added.
Retail executives are notorious for coming up with excuses for
weak sales, from the weather to a fluctuating
holiday calendar, and analysts were skeptical
of their claims.
(Bloomberg)-- America's retailers are reeling following months
of weak sales, and while they began limping back in September as malls prepare for the crucial
holiday rush, a new worry is setting in.
As the
holiday shopping season draws near, the
weaker retail chains will be facing their hour
of reckoning, with their
sales growth during the November / December period determining their ability to survive.