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.
The world’s largest diamond jewelry retailer has announced holiday sales that exceeded its expectations, results which led the company to revise up its guidance for both the fourth quarter and full year fiscal 2020.
The sportswear label, recently bought by US investors, unveiled a new look at Pitti Uomo. The collection by Dao-Yi Chow heralds a high-end positioning for Sergio Tacchini, which is relocating to the USA.
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.
The American retailer specialized in streetwear and action sports apparel has announced a solid increase in comparable sales for the 2019 holiday period and increased its financial outlook for the fourth quarter.
NRF has released a report profiling the major worldwide consumer trends that will shape the industry in 2020, highlighting value, sustainability and flexibility as top concerns for shoppers heading into the new decade.