US retail news and archive

US retailers implement Bangladesh safety plan

Major US retailers including Gap and Walmart are expected to begin implementing the Bangladesh safety-plan, to meet the September 10 deadline. In the wake of the Bangladesh factory that collapsed last April, a group of 20 retailers will appoint an executive director and management firm to oversee the 45 million dollar funding in place to improve...

Fashion

US luxury demand linked to stock market

The American luxury sector has survived the general retail volatility of the past year, posting robust sales as wealthy shoppers continue to devour luxury goods. In July, luxury sales excluding jewelry soared 11.6% year over year, the 10th consecutive month of increases, according to data service MasterCard Advisors SpendingPulse, which...

Fashion

US retail crisis nearing end

US retailers on Thursday reported increasing signs of steadying consumer demand, tentatively signaling the end to the steep year-on-year sales declines that have forced waves of store closures and cost-cutting since last September. Retail Metrics, which tracks the monthly figures, said its index of the monthly sales numbers showed a 2.3 per cent...

Fashion

Mixed Fortunes For US Retailers

US consumers deserted mid-market retailers in favour of discounters in July, with Gap among those telling a tale of woe. Gap reported a 5 per cent decline in same-store US sales in July, with international same-store sales falling even more sharply, by around 12 per cent. As a result, the retailer has warned that its second-quarter profits will...