Retailers say business is unfolding as planned, though anxieties over the short holiday season linger.
It’s that time of the holiday season that retailers like the least — early December — when gift shopping stalls for a week or two, raising uncertainties for the remainder of the year.Business did turn spotty though the dip wasn’t deep enough to deflate expectations for a healthy holiday season, seen at 4 percent ahead, on average, according to forecasts from trade organizations and retail pundits.
“It’s unfolding the way we planned,” Michael Appel, chairman and chief executive officer of Rue21, told WWD on Monday. “We expected to have a very strong Black Friday weekend, which we did. Cyber Monday, the Sunday before and the Tuesday after were strong for us, too. At Kidbox, the online format sending out seasonal boxes of baby and kids’ fashions, ordering peaked on Cyber Monday and the Sunday before and stayed “consistent” last week, according to Brandi Temple, chief operating officer.
Having seen some retail momentum in the last couple of days, Johnson sounded more optimistic than other industry sources. “The early December lull hasn’t happened,” he concluded. “That’s a very auspicious sign for the balance of the season.”The biggest day of the year is yet to come — Super Saturday, on Dec. 21, for both online and brick-and-mortar retailing, barring any severe weather. Johnson predicts $34 billion in U.S.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CDC warns people against eating Fresh Express Sunflower Crisp Chopped Salad Kits after new E. coli outbreakThe body has advised consumers, restaurants and retailers not to eat, sell or serve kits with a best-before date up to and including December 7, 2019.
Read more »
Goldman Sachs president says US economy could be 'accelerating again' after 2019 lull'We're seeing that implication of easier policy coming through in the economy and it's become much more of a stimulant,' Waldron says.
Read more »
How NYC's 'It' Pastry Chef Starts Her DayWhat this pastry chef does BEFORE all of the cakes
Read more »
Nearly 65% of the US will feel below-freezing temperatures this weekIt's going to feel more like mid-January than early December this week as extreme cold temps move across the United States.
Read more »
TooFab's Week in Celebrity Photos: December 8 - December 14Megan Fox and Brian Austin Green attend the PUBG Mobile's FIGHT4THEAMAZON Event at Avalon Hollywood on December 9, 2019 in Los Angeles, California.
Read more »
106 Affordable Gifts Tailored For TeensFrom cool tech gadgets to unique Christmas stocking stuffers, shop 2019's best affordable gifts for teens now. Holiday shopping just got so much easier!
Read more »