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Kohl’s Stock Takes a Beating on Disappointing Holiday Results

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

Menomonee Falls, WI–Kohl’s Corp. today saw its shares take a beating after the department store released preliminary fourth quarter results consisting of a lower earnings forecast after sales failed to meet expectations during the holiday quarter. Kohl’s comparable store sales edged up 0.4%, missing the 0.8% increase that Retail Metrics …

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Steve Madden Predicts Mixed Results for Q4 Earnings

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

Long Island City, NY—Steve Madden reported late Monday a mixed preliminary earnings report citing “a challenging retail environment and unfavorable weather.” For its fourth quarter, the footwear and accessories company now expects its fourth quarter 2015 revenue to increase 0.5% to $344.2 million, missing analysts’ estimate for $360.28 million in …

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The Big Chill: Retailers May Face Losses on Colder Spring Ahead

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

Berwyn, PA–If retailers took a hit this fall/holiday season of more than $500 million in lost sales due to warmer-than-normal temperatures, Spring 2016 could see another hit–this time due to colder-than-normal early Spring temperatures. According to Scott Bernhardt, president of Planalytics, a consulting firm that analyzes the effect of weather …

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Retail CMOs Predict 4.2% Increase in Total Holiday Store Sales

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

Chicago—A skittish market and diminished back-to-school sales have U.S. retailers feeling cautiously optimistic for the upcoming holiday season. According to the BDO USA survey, chief marketing officers (CMOs) at leading U.S. retailers forecast a 4.2% increase in overall holiday store sales, consistent with growth expectations in 2014. This year’s projection …