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San Francisco — Despite increasing congestion and shipping delays at key West Coast ports, the White House said President Obama will not appoint a mediator for the contentious contract talks covering 20,000 dockworkers, according to a report by Bloomberg News. More
Omaha – In what it called another challenging quarter, Gordmans Stores Inc. recorded a $1.85 million net loss as well as a soft-but-expected diluted loss per share during the third quarter. More
San Francisco – Williams-Sonoma Inc. is sailing into the holiday selling season with the wind at its back as third quarter earnings beat expectations. The multi-nameplate company also said it now derives more than 51% of its revenue from e-commerce. More
Washington – The number of consumers planning to do some holiday shopping over the Thanksgiving long weekend both in stores and online is estimated at 140.1 million, about on par with last year’s 140.3 million. More
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November 12, 2014Since Macy’s announced last month its plans to open its doors earlier than ever – 6 p.m. – on Thanksgiving Day, it seems like all the major retailers have begun announcing their also-early store hour schedules for to the holiday season kick off. And it has been getting me down. I recently came across a news report on the website of NBC affiliate WGRZ Channel 2 in Cheektowaga, NY, that only made me sadder. A mall is forcing all of its retail tenant to open their doors by 6 p.m. on Thanksgiving Day – or be charged a $200 fine ...
Home Alone 3
November 10, 2014We have entered a new reality in retailing over the past few years. It’s defined by stores that err on the side of conservative merchandising to a fault, that homogenize their assortments to the least objectionable level and underestimate both their customers and their own ability to sell interesting product. American retailing, of course, needs to be put in the context of the broader society. Movie studios, rather than take chances, endlessly recycle the same super heroes and comedic plots ad infinitum. The fast food business is built on the concept of playing it ultra safe and giving the ...
November 10, 2014There are two ways of getting into political office —by winning or by winning ugly. It already looks like whoever emerges from the fourth quarter with the biggest top line growth will have climbed to the top of the heap by winning ugly. An astonishing number of forecasters are projecting a decent holiday season. The National Retail Federation, the International Council of Shopping Centers and Deloitte all believe the total sales gain ring up at 4.0% higher than 2013 or slightly above. (So far, Price Waterhouse Coopers is the lone pessimist, forecasting a 6.9% slump.) To get there ...
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