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Bits & Bytes | Swatch Stockpiles Patents, Adidas Robots, Refinery29 Expands
Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Short Sellers Shopped for Macy's Stock Ahead of Black Friday
Short sellers shopping for overpriced stocks snapped up shares of beleaguered department store Macy's heading into Black Friday.
Holiday Shopping Unlikely to Cheer Many Investors
The holiday shopping rush that kicked off on Friday is unlikely to bring much cheer to investors looking for a revival in retail stocks.
With Its Bonds at 25.5 Cents, J. Crew Is in Trouble
In the 21 months since speculation swirled that J. Crew Group Inc. was thinking about going public, not much has gone right.
Does Anyone Expect to Pay Full Price Anymore?
Post-recession, retailers started discounting as a way of winning over a more cautious consumer. As Black Friday caps off a season of slow sales, BoF asks, is discounting bad for business?
Saks to Start Black Friday Sales Early
The luxury retailer, owned by Canadian department store operator Hudson's Bay Co, will start Black Friday sales on Wednesday, chief executive Jerry Storch said.
Retail Stocks Rally After Ross, Foot Locker Beat Sales Estimates
Retail stocks rallied on Friday after Ross Stores Inc., Abercrombie & Fitch Co. and Foot Locker Inc. reported better-than-expected sales, giving a boost to an industry that’s been battered in recent weeks.
TJX Same-Store Sales Top Estimates as Shoppers Hunt for Deals
TJX Cos Inc reported a bigger-than-expected rise in quarterly comparable store sales as more bargain-hungry shoppers visited its stores for apparel, accessories and home goods.
Urban Outfitters Drops After Announcing Plan to Buy Pizza Chain
Stock fell as much as 10 percent on Monday after Urban Outfitters announced the acquisition of Philadelphia’s Vetri Family group of restaurants.
J.C. Penney Sales Beat Estimates, Helped by Sephora
J.C. Penney Co Inc reported better-than-expected quarterly net sales on Friday, helped by demand for home products and footwear and a strong performance by the Sephora beauty shops in its stores.