Retailer orders hit astonishing record low, with home furnishings at “elevated risk”
[ad_1] New York – The volume of retail orders has fallen to a sobering pace as major retailers continue to unload excess inventory. The chasm between inventory levels and sales growth is running at 19%, according to the most recent Morgan Stanley Shipper Survey. Net ordering levels have fallen to the lowest point in the […]
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Kohl’s merchandising team takes hit in corporate reorganization
[ad_1] Menomonee Falls, Wis. – A shake-out at Kohl’s headquarters has eliminated dozens of positions, primarily in merchandising and marketing. According to reports from the Milwaukee news outlets, Kohl’s has reorganized some leadership roles and positions. In the process, it cut less than 60 positions. “Today, Kohl’s reorganized parts of our organization to drive greater […]
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Home a hit as Amazon heralds biggest holiday shopping weekend in its history
[ad_1] Seattle – Amazon experienced a record-breaking kick-off to the holiday shopping season over the five days between Thanksgiving and Cyber Monday. In the U.S., the top five categories were home, fashion, toys, beauty and Amazon devices. Customers also supported small businesses over the extended weekend, generating more than $1 billion in sales for small […]
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More consumers hit the bricks (and mortar) on Black Friday, analysis shows
[ad_1] HIGH POINT — The expected brick-and-mortar holiday comeback became a reality as traffic at retail stores and shopping centers rose on Thanksgiving Day and Black Friday. According to data from Sensormatic Solutions, shopper visits increased by 2.9% on Black Friday compared with the 2021, while visits to physical stores on Thanksgiving Day increased by […]
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