U.S. holiday sales rose 4.1% in 2019 from a year earlier, as steady wage and jobs growth encouraged shoppers to splurge on groceries, beverages and furniture, the National Retail Federation (NRF) said on Thursday.
Target Corp fell short of its own expectations for holiday season sales on Wednesday, reporting a drop off in online growth and demand for toys and electronics that sent a shiver through the wider U.S. retail sector.
Lululemon Athletica Inc raised its quarterly sales and profit outlook on Monday, as its efforts to ramp up its online presence and broaden its range helped drive sales during the all-important holiday period.
In the midst of a turnaround orchestrated by CEO Jill Soltau, the American department store operator reported a decrease in comparable sales for the holiday period but reaffirmed its full-year financial guidance.
On January 10, Bite Beauty will release new vegan formulations of its current lip products, as it transitions into becoming fully vegan, ahead of its entry into the complexion category, with a new collection.
Nordstrom's new store, located a few blocks from Central Park, marks the 118-year-old company's first flagship offering in the nation's biggest retail market and aims to reboot a format that has been fading.