After reporting worse results than a year ago, the department store’s stock took a hit.
Deckers is ramping up its efforts to protect its popular sheepskin boot brand.
The disruption could affect supplies for retailers looking to gear up for the upcoming holiday season.
JCPenney added its name to the list of better-than-expected Q2 performances from department stores, joining Macy’s, Kohl’s & Nordstrom.
As weather & shifts in consumer shopping patterns continue to create challenges, retailers & brands seek the best strategies to stay afloat.
Sluggish department-store earnings receive most of Wall Street’s attention; analysts react to HBC and Ralph Lauren’s reports.
The company said its revenues declined 1.6 percent year over year, to $2.81 billion, from the prior year’s period when revenues were $2.86 billion.
One in every 300 online searches is focused on finding a coupon, sale, discount or deal. And, shoes & boots are the most targeted items, according to the study.
Shifting consumer habits have taken the biggest bite out of department-store profits in recent months.
As discount retailers thrive, the luxury sector — impacted by low oil prices, FX volatility & other market pressures — takes a hit.