Black Friday Weekend Sales Break Records

By Andrew Asch | December 3, 2019

Black Friday shopping broke records, according to the National Retail Federation. During a Dec. 3 conference call, the Washington, D.C., retail trade group said that 189.6 million U.S. consumers shopped during the Black Friday Weekend.

Black Friday Weekend Sales Breaks Records

Black Friday Weekend Sales Breaks Records

Black Friday shopping broke records, according to the National Retail Federation. In a Dec. 3 conference call, the Washington, D.C., retail trade group said that 189.6 million U.S. consumers shopped during the Black Friday Weekend.

LVMH Acquires Tiffany & Co.

In what is being called the biggest deal in the history of the luxury-goods market, Paris-headquartered LVMH Moët Hennessy Louis Vuitton SE acquired Tiffany & Co. for $16.2 billion, it was announced Nov. 25.

California Passes Fur Ban

Faux fur has enjoyed wide popularity during 2019, but it was a tough year for businesses working with real fur. California became the first state to ban the sale and manufacture of fur.

Forever 21 Files for Bankruptcy

Los Angeles–headquartered Forever 21 was one of the architects of fast fashion, but, after three decades of growth, the family-run business, which enjoyed more than $3.4 billion in revenues in 2017, filed for Chapter 11 bankruptcy.

Barney’s Dramatic Deal For Its Future

Barneys New York served as an influential American retailer since the 1920s, but in 2019 it went bankrupt and its remaining five stores started a liquidation process.

Big Changes for Gap, Inc.

Observing its 50th anniversary during 2019, Gap Inc. experienced a year of major change for one of the biggest specialty retailers in the world.

2nd & PCH Unveiled in Long Beach

One of the most familiar sights in the California landscape is the mall, but Long Beach, Calif., despite being the seventh largest city in the state, has been traditionally “under-malled.”

Strong Consumer Spending To Support Solid Holiday Season, Forecasters Said

Strong Consumer Spending To Support Solid Holiday Season, Forecasters Said

Apparel-industry forecasters are looking ahead during the final quarter of 2019, as they foresee a strong Holiday-shopping season with reports estimating higher numbers over last year.

The Webster Heads to Beverly Center in 2020

Luxe, multi-brand retailer The Webster is scheduled to open an 11,000-square-foot flagship at the Beverly Center in Los Angeles, it was announced Nov. 20.

Macy’s Reports Declines For 3rd Quarter

Macy’s Inc. reported a same-store sales decline for its third quarter and lowered its annual sales and EPS guidance for its 2019 fiscal year. The results were released on Nov. 21.

Gap Inc. 3rd-Quarter Sales Drop 4 Percent

A couple of weeks after the resignation of Art Peck, the former Gap Inc. chief executive officer, the San Francisco–headquartered specialty retailer announced that same-store sales for its 2019 third quarter declined 4 percent, said Robert J. Fisher, Gap Inc.’s interim president and chief executive officer.

Forum, a Retail-As-A-Service Shop, Opens on Melrose

Forum, a Retail-As-A-Service Shop, Opens on Melrose

Forum, a tech-enabled bricks-and-mortar boutique, officially opened Nov. 15 across the street from the Melrose Place designer district in West Hollywood, Calif.

Z Supply Homepage Opts Not To Do Sales on Black Friday

Bucking business as usual on Black Friday, Z Supply, LLC, an Irvine, Calif.–headquartered fashion house, will not do business at its direct-to-consumer channel, www.zsupplyclothing.com, for a 24-hour period on Nov. 29.

United For Respect Aims To Organize Retail Workers

Fast-fashion stores often get criticized by environmentalists, but in the past two months H&M and Forever 21 have been the targets of protests from labor groups. Last month, H&M employees held a demonstration outside of a store in Pasadena, Calif.

Previous