New research into U.S. consumer behaviors, specifically those of Gen Zers and millennials, found these groups love shopping online, crave luxury, and want online features that mimic real-life shopping experiences.
U.S. discount retailer Payless ShoeSource plans to close all of its approximately 2,300 stores when it files for bankruptcy later this month for the second time in as many years, sources said on Thursday.
German sportswear firm Puma gave a conservative forecast for 2019 on Thursday despite strong quarterly sales helped by demand for its chunky RS-X shoes and Cali sneakers, sending its shares down more than 5 percent.
New Look was upbeat on Wednesday as it focused on the positives in its end-of-Q3 report rather than its continuing sales fall. But it seemed justified in that view as the business is clearly improving.