While the Canadian discount sector is over-penetrated by American competitors, the luxury space still has room to grow.» Read More
Many U.S. retailers had to ramp up promotions last month as shoppers continued to watch their spending during the holiday season.
Some of the names on the move ahead of the open.
Companies making headlines after the bell Thursday:
Fewer store visits and aggressive pricing at the start of the season by big retailers like Amazon.com Inc and Wal-Mart Stores Inc left many chains with little choice but to offer sweeter deals this holiday season. Those bargains led many chains, including L Brands, Family Dollar Stores Inc and teen retailer Zumiez Inc, to slash their profit forecasts.
L Brands cut its earnings forecast for the holiday quarter on Thursday after reporting disappointing December sales at its Victoria Secret and La Senza chains. Family Dollar Stores Inc and teen retailer Zumiez Inc, which both reported sales declines for December, also slashed their profit forecasts.
By Maria Ajit Thomas and Phil Wahba. Retail sales between Thanksgiving and Christmas rose 2.7 percent, compared with 3.0 percent a year earlier, while the number of people walking into stores across the United States declined 14.6 percent, ShopperTrak said.
Americans may not have hit the malls in droves this holiday season, but those who did, spent, according to data from ShopperTrak.
The "Fast Money" traders share their final trades of the day.
A number of specialty stores have pumped the brakes on their dramatic discounts, but department stores are still offering big price cuts.
WEST NYACK, NEW YORK, Dec 24- Retailers are trying new ways to win over Christmas procrastinators. "There is not a whole lot you can do at the 11th hour, but this is one of the few levers you can pull," said Sucharita Mulpuru, an e-commerce analyst at Forrester Research, about what the industry calls "omni-channel" shopping.
Shopping in stores crawled this holiday season, leaving a pile of unsold inventory. That means bigger-than-usual after-Christmas sales.
NEW YORK, Dec 24- Retailers are trying new ways to win over Christmas procrastinators. "There is not a whole lot you can do at the 11th hour, but this is one of the few levers you can pull," said Sucharita Mulpuru, an e-commerce analyst at Forrester Research, about what the industry calls "omni-channel" shopping.
According to ShopperTrak, traffic for the week ended Dec. 22 was down 21.2 percent year over year.
The 11th-hour moves include a barrage of emails broadcasting drastic promotions, including half-off discounts on all merchandise.
It is the latest move in a competitive environment that has had retailers trying to out-promote one another since Thanksgiving.
*Stores, websites quickly sold out of Isabel Marant collection. BERLIN, Dec 16- Designer collaborations are helping Hennes& Mauritz rise above a reputation for cheap chic, but the world's second-biggest clothing retailer could do more to entrench that upmarket lift and defend its shrinking margins.
The second storm of the holiday season is making its way through a wide swath of the nation just as the shopping crunch intensifies.
After an earlier controversy, poor sales and stock performance, the once-trendy retailer is offering larger sizes as part of a turnaround effort.
TORONTO, Dec 12- Lululemon Athletica Inc warned on Thursday that fewer customers visiting its stores will hit its sales in the crucial fourth quarter, acknowledging that negative press surrounding a product recall and comments by its founder had hurt sales of its trendy yogawear.
Dec 10- Yoga-wear retailer Lululemon Athletica Inc, reeling from an embarrassing recall of see-through pants, named Lauren Potdevin as chief executive and said founder Chip Wilson would step down as non-executive chairman. Potdevin replaces Christine Day, who said in June that she would leave the company once a replacement was found.