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December Comp Sales Were Up—But at a Price?

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

New York—Discounts may have helped comparable store sales rise 2.7% in December, but that stronger-than-expected increase often came with a price(s). Namely, lower margins, customers shifting to online shopping and lowered fourth quarter earnings expectations. In its monthly assessment of eight large retailers, Thomson Reuters reported the 2.75 increase in …

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Holiday Pressure: November Comp Sales Disappointing

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

New York— Black Friday creep—expanding sales and promotions beyond the traditional one the Friday after Thanksgiving—may have had an unintentional effect. Consumers may be lured in by promotions but purchasing isn’t as strong as hoped for. According to several metrics, November comparable store sales were modest—actually decelerating from October increases. …

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For #Giving Tuesday, Stein Mart Has It “All in the Bag”

In Industry News, Marketing, What's New by Accessories StaffLeave a Comment

Jacksonville, FL—Centered around the #GivingTuesday movement—a global mission to get people involved in their communities and give back—Stein Mart has its cause “all in the bag.” As part of its support for Dress for Success, a not-for-profit organization, Stein Mart is conducting a Giving Bag fundraiser to collection gently used …