AP – Luxury handbag maker Coach Inc. said Wednesday better business in North American stores during the holidays helped lift its second-quarter profit by 11 percent.
AP – Luxury handbag maker Coach Inc. said Wednesday better business in North American stores during the holidays helped lift its second-quarter profit by 11 percent.
AP – Key facts about this holiday shopping season:
AP – Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures and evictions for about two weeks in a temporary break for borrowers during the holiday season.
Reuters – Holiday shopping online hit a record for Black Friday, several days before the retail industry-coined Cyber Monday gets underway, as more consumers said they used the web to seek deals.
Reuters – Americans headed to department stores in droves in the dead of night on Friday to kick off the holiday shopping season, though many said they had pared back how much they would spend on family members and on themselves.
AP – After parents cut back on clothes and accessories for children this past fall, the retail industry suspects they won’t be any more generous by the holidays.
Reuters – Demand for U.S. home loans fell by more than 8 percent as fixed mortgage rates rose last week in a banking period shortened by the Labor Day holiday, the Mortgage Bankers Association said on Wednesday.
Reuters – U.S. retailers could post their 11th consecutive drop in monthly same-store sales this week as cool weather, a weak job market, and a lack of tax-free holidays had shoppers picking through the clearance racks in July instead of buying full-priced back-to-school clothes.
Fashion Wire Daily – The coming holiday season this year at Old Navy, Gap and Banana Republic will be clothing centered around cozy, indoor activities; intimate, casual at-home parties and a focus on eye-catching, but affordable gifts.
AP – The possible collapse of a key lender is sending panic through the retail industry, threatening to hang up deliveries of back-to-school clothing and other merchandise and throw holiday ordering into disarray.