People walk by an Abercrombie & Fitch Co store in Pasadena
Sports Authority is filing for Chapter 11 bankruptcy protection. The retailer said Wednesday that it planned to close or sell about 140 stores and two distribution centres.
Abercrombie & Fitch Co reported a surprise increase in quarterly sales at established stores due to demand for its Hollister branded clothing and strong online sales in the holiday shopping season. The retailer’s shares rose about 6 per cent to $31.14 in premarket trading on Wednesday.
As millennials are ditching cereal in favour of more convenient breakfast options, Kellogg and General Mills are turning to trendy chefs for inspiration.
Warren Buffet says that Nebraska Furniture Mart, based in the Midwest, is outselling the rest of the industry. He said that the Omaha store raked in more than $44 million in a single week last year when it was running a promotion tied to Berkshire Hathaway’s annual meeting with investors.
Biscuit-pushing chains such as Popeyes, Bojangles, and Chick-fil-A are on major expansion sprees. The rise of the culinary icon across the US goes hand in hand with the recent explosion of Southern fast-food chains.
Everyone seems to be giving wool a try. A sports industry analyst told Bloomberg that natural materials like wool are especially popular among millennial consumers.
Nike, collaborated with Pendleton Woolen Mills to make a line of sneakers using wool.
Under Armour is seeking to become more engaged with the outdoor enthusiast community, including launching a line of trail apparel and running shoes, and expanding geographically from its Maryland roots.
A study from the University of Michigan indicates that poorer consumers are often stuck buying products at higher prices because they lack the resources to buy in bulk or wait for sales.
Starbucks making changes to its rewards program may actually help both Dunkin’ Doughnuts and Starbucks. Starbucks could shed some people who mostly clog up its stores while Dunkin’ could take those users and turn them into decent customers.
Target is teaming up with Marimekko, a Finish design company, to bring new patterns to its clothing section beginning April 17. The clothing line will “create a feeling of eternal summer”, according to a release.
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