The holidays could make or break struggling stores
Companies, agencies, institutions, etc
AP
Walmart
Target
RetailMetrics LLC
S&P Global
Coresight Research
Guitar Center Inc.
Francesca’s
Holdings Corp.
Neiman Marcus
J.C. Penney
BDO’s Retail & Consumer Products
the U.S. Commerce Department
JPMorgan Chase
the National Retail Federation
America’s Research Group
FaceTime
Camp’s
People
Ken Perkins
Neiman Marcus
Natalie Kotlyar
C. Britt Beemer
Liana Pai
Tiffany Markofsky
Anne D’Innocenzio
Groups
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Physical locations
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Places
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Locations
NEW YORK
U.S.
Manhattan
Instagram
Events
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Summary
NEW YORK (AP) — Clothing stores and specialty retailers are offering big discounts and heavily promoting curbside pickup in hopes of rescuing a lackluster holiday shopping season in which surging coronavirus cases have kept many shoppers at home.For some, it could be their last chance at survival. There’s also other evidence of growing consumer caution: Overall spending from roughly Oct. 30 through Dec. 14 is down 5.4%, from the equivalent period last year, according to JPMorgan Chase, which tracks activity on 30 million of its debit and credit cards.Still, the National Retail Federation, the nation’s largest retail trade group, expects holiday sales to increase between 3.6 percent and 5.2 percent compared to 2019, mostly due to strong sales at the big box stores. Nearly 90% of customers polled by America’s Research Group in recent years said that when they shop at a new store for the first time, it’s during the holidays.
As said here by ANNE D'INNOCENZIO