Westfield has reported a 1% hike in visitors to its London malls for the Christmas season and while that’s not a big leap, against a backdrop of lower footfall at malls, it’s actually a very strong performance.
A jump in consumer spending in the final stretch of December should build on a strong start to the U.S. holiday season and help the embattled retail industry beat sales forecasts, industry research groups said.
Bad weather, a touch of complacency and expectations of bigger discounts may have kept Britons from splashing out in a big way so far this Christmas season, but the shopper trickle will turn into a flood this weekend.
There should be a late store spending surge in the next few days as Britons who’ve left Xmas shopping until the last minute make up for lost time. Westfield said Scots and Londoners will be among the heaviest shoppers.
Retail giant Inditex isn’t immune to fashion’s negative trends, but the company is certainly doing better than many, saying Wednesday that net sales in the first nine months of the year were up 10% and profit was up 6%.
LA-based apparel and accessories company Mokuyobi Threads LLC has sued Coach in Illinois federal court for allegedly copying its pins and patches in Coach's "1941 Space Collection" released earlier this year.