Holiday Retail Results & 2016 Predictions + What We've Been Reading
1. Wall Street Journal: Holiday Sales Rise, but Not All Retailers Are Cheery
2. Associated Press: Mobile shopping spike spurred holiday retail sales: ComScore
3. Retail Dive: J.C. Penney posts strong holiday sales as others struggle
J.C. Penney has been somewhat lackluster when it comes to e-commerce, a situation that comes with a silver lining. The upside is that the company has room for improvement. The retailer apparently managed to ignite some e-commerce growth in time for the holidays, saying it had “record” web sales during November and December.
It was a reversal of fortunes this crucial selling season, with the usually resilient Macy's reporting late Wednesday that sales in stores open at least a year slumped 5.2 percent between November and December. Macy's is now cutting up to 4,800 jobs, reorganizing operations and closing 40 stores. It also slashed its profit outlook.Macy's estimated that 80 percent of its decline was weather-related. J.C. Penney said warm weather did cut into clothing sales but there were other strong sellers that offset that weakness.
5. TechVibes: 11 predictions for the future of retail in 2016
While 2016 may still be in its infancy, the outlook seems clear: change is a-comin’.As the retail landscape evolves, Retail Dive spoke to nine retail experts and asked them to dish out some predictions for the upcoming year. Here are their 11 predictions for the future of retail in 2016. Holiday Retail Results & 2016 Predictions.