FASHION INDUSTRY NEWS – FRIDAY
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Retail Worries For 2017: Macy’s Closings, Walmart’s Openings, China And Trump Are On Everyone’s Mind – Forbes
The sales and earnings reports for fourth quarter 2016 are eagerly anticipated by the financial and retail communities. Earnings, I think, are going to be at the low end of expectations given disappointing Christmas sales by many major chains. What will 2017 be like?
Another teen apparel retailer to close all stores – CSA
It looks like it’s curtain time for The Wet Seal. The struggling teen retailer is closing its 171 stores, along with its headquarters in Irvine, Calif., after being unable to obtain the necessary cash infusion or find a buyer, according to several media reports.
These retail brands are tops in brand engagement – CSA
Soaring customer expectations are creating an increasingly challenging environment for brands seeking engagement.
‘Drop Shipping’ Looks Set to Go Mainstream as More Retailers Get on Board – WSJ
A growing number of retailers are relying on suppliers to ship online orders directly to customers, a strategy they hope will help them compete with e-commerce rivals without spending more on inventory.