U.S. retailers kicked off Cyber Monday by launching a slew of deals earlier than usual over the weekend, seeking to sustain the momentum of a record $11.6 billion in online sales on Thanksgiving and Black Friday.
U.S. shoppers made more purchases online on Black Friday than in the mall - hurting traffic and sales at physical stores, according to data that offered insight into one of the busiest shopping days of the year.
Popular items such as apparel and accessories are likely to face a 15% tariff in a new round scheduled for Dec. 15, meaning prices could lift on these items and more ahead of the all-important holiday season.
The U.S. holiday shopping period may heighten Wall Street's perception of a growing divide between retailers adapting to online sales and those unable to shake their reliance on dwindling shopping mall traffic.
Nordstrom Inc raised its 2019 forecast unlike many competitors and reported third-quarter profit above Wall Street expectations on Thursday, sending the retailer’s shares up about 10% in extended trading.
Macy’s Inc cut its annual profit forecast for the second time this year on Thursday, blaming weak international tourism, warm weather and sluggish mall traffic for the first drop in same-store sales in two years.
Amazon Fashion has launched five of its own private-label brands in Europe, but another 103 have already been introduced in the US by the web giant, although it denies claims it is competing with client brands.