Week in Review: Not-to-Miss News

In its latest quarterly report, Coach disappointed shareholders with more falling sales in North America.

In its latest quarterly report, Coach disappointed shareholders with more falling sales in North America.

New York—There are only 8 shopping days left till Mother’s Day and if retailers play their cards right—luring in Millennials—then the build-up to the holiday could prove lucrative.

In its latest consumer survey released this week, the National Retail Federation found that apparel and accessories are among the top items on mom’s gift lists. While overall spending is expected to be down, some key fashion categories should benefit. Some $1.7 million is expected to be spending on apparel and accessories and another $3.6 billion on jewelry.

Discounts for Personal Information?

Department store especially need to pull out the stops to attract the 18 to 24-year-olds, where 56% of them say they’ll visit a department store to search for mom’s present.

But it’s 25 to 34 year olds who will spend the most on mom, spending an average of $216.53.

While department stores and other retailers have these shoppers in-store or online, it may be a good idea to bribe them with discount offers to get them to reveal personal data. Even though recent cyber attacks (Target) have made consumers more wary to exposing personal data, a Snapette study found that 50% of respondents would happily provides retailers with information for a discount. And while most (56%) would give personal data online, about 48% said they would share their information in-store.

Among the other top 10 online articles that have crucial information you need to know are:

Coach Q3 Profit Falls as North American Sales Slide Again

Columbia Sportswear to Pay $190 Million for Yoga-Brand PrAna

Aéropostale to Shut Kids Stores in Cost-Cutting Move

ICE Awards Announces Its 6 Finalists

Wet Seal to Phase Out Arden B Stores

Shoppers Willing to Share Personal Info—For a Price

Though Cautious, Families Plan to Shower Mom with Mother’s Day Gifts

Hermès Q1 Sales Up 14.7%, Ahead of Forecasts

Appeals Court Upholds Tax Evasion Charges Against Dolce, Gabbana

Defense Dept. to Offer Made-in-USA Footwear to All Soldiers

Like this? Share it!

The Ad Will Close In 15 Seconds - Skip This Ad