Retailers, consumers and prices
Check out the better-than-expected sales at several U.S. retailers.
Apparently all of that snow and the less drastic discounts did not keep shoppers awayfrom stores such as Macy’s, Nordstrom, Bath and Body Works or T.J. Maxx.
Of course, some retailers bucked the trend. Abercrombie & Fitch’s sales plunged even more than anticipated. Meanwhile, Barnes & Noble and its old ally GameStop were forced to cut their quarterly profit forecasts after holiday sales at their stores fell short of their hopes.
Also in the basket:
A Clothing Clearance Where More Than Just the Prices Have Been Slashed (New York Times)
Olay Highlights P&G’s Push to Extend Brands (Wall Street Journal)