CK Calvin Klein Summer 2013 watch ad. A new campaign for Calvin Klein platinum label will replace starting this fall.
New York–Retail earnings season is definitely off to a mixed result. The U.S. Commerce Department reported better-than-expected results for April while some retailers, including Kohl’s Kevin Mansell, agreed that April sales were stronger than previous months, due to “pent-up” demand. Which, of course, retailers hope will continue into summer months and beyond. While Walmart blamed payroll taxes among other things for hindering its budget shopper from buying, some luxury marketers say even affluent consumers may be holding back on purchasing, too.
These are among the leading articles from this week’s news that ought not to be missed:
Macy’s Inc. Posts Impressive Profit Despite Difficult Q1
Apparel, Accessories Sales Increase Help April Retail Sales Rise Higher Than Expected
How to Overcome Affluent Consumer Resistance to Indulge in Luxurygoods
Despite Sales Slip, Kohl’s Beats Q1 Profit Expectation
Dillard’s Q1 Profit Rises on Better Comp Sales, Gross Margin
Eric Daman to Do Summer Stint for Century 21 Department Store
Nikki Reed, 7 For All Mankind Partner on New Jewelry Line
Scion of Swatch Group Founder Named CEO of Harry Winston
Calvin Klein Inc. to Re-Brand Bridge Lines as Platinum Label
Walmart Reports “Difficult” Q1 with Disappointing Earnings