Week in Review: News to Remember

In What's New, Industry News by Accessories Staff

Proenza Schouler handbags at Saks Fifth Avenue

Ready for Fall: Proenza Schouler handbags at Saks Fifth Avenue

New York—It’s the height of earnings season, when retailers both small and large report their sales and profits for the last quarter. But save for TJX and Gap Inc., most have been disappointing so far. Some, such as those from JCPenney and Sears, bring to question the strategies, marketing and merchandising already in place that’s suppose to turnaround a troubled retailer.

The quest to entice consumers to shop this month seems to be working. At least that’s the news from the National Retail Federation’s consumer survey about back-to-school shopping. The good news is that “the average family with school-age children in grades K-12 has already completed more than half (52.1%) of its shopping, up from 40.1% the same time last year and the highest percent in the survey’s history.”

For retailers looking for some relief in their third quarters—ahead of the crucial holiday selling season—that’s some good news that needed to be spread.

Thus, here the top 10 articles not to be missed from this week:

JCPenney Q2 Loss Nearly $600 Million, Sales Down 12%

Sears Q2 Loss Bigger Than Expected

Target Q2 Profit Hit by Canadian Expansion, Softer Sales

Swiss Watch Brand Claims Knock Off by Hilfiger, Movado

Flip Flops and Driving: A Dangerous Combination?

TJX Q2 Beats Estimates, Raises Full Year Outlook

NRF: Early Promotions Resonate with Back-to-School Shoppers

Saks Inc. Swings into Larger-Than-Expected Q2 Loss

Bon-Ton Narrows Q2 Loss, But Sales Softened

Stage Stores Q2 Profit Falls on Sales Miss






“Above-Plan” Sales Give Ross Stores a 17% Profit Hike
Luis Nico Morales / Ralph Lauren