Back-to-school delays, virtual classes could shift sales and deepen pain for some retailers
will see weaker-than-usual sales in late July through early September, she said, as families delay or cut back on clothing purchases.
If demand for apparel is weak heading into the fall, American Eagle, Abercrombie & Fitch and The Children's Place will especially take a hit, Hutchinson said. The third quarter makes up about 30% of their annual earnings because back-to-school is such a powerful sales driver. Retailers may have a smaller pool of customers this year because many kids live in hard-hit states. Arizona and California, for example, represent 14% of the U.S. school age population between ages 3 to 17, according to Bank of America. In other large states, such as Texas, Covid-19 cases continue to rise and create more uncertainty for families.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Back to school: Some kids scared as adults debate the risks of reopeningTeachers and parents who are currently weighing their options when it comes to school reopenings in the middle of a deadly pandemic may have one additional challenge ahead: children who are fearful of returning to school.
Weiterlesen »
19 Baby Products That Will Give New Parents Back Some Extra Time Every DayEvery minute spent making bottles, changing diapers, and cleaning up messes more efficiently is potentially a minute back for you to catch your breath.
Weiterlesen »
Angelina Pivarnick's Husband Has Her Back Against Troll Calling Her 'Fake''You are not all that, money buys you everything on your face and body,' wrote the troll of the 'Jersey Shore' star.
Weiterlesen »
Barr testimony live updates: AG pushes back against accusations he politicized DOJ\nAttorney General Bill Barr: 'I'm supposedly punishing the president's enemies and helping his friends. What enemies have I indicted? Could you point to one indictment that has been under the Department that you feel has been unmerited?'
Weiterlesen »
Back-to-College Plans Devolve Into a Jumble of Fast-Changing RulesWith the fall term about to start amid pandemic, campus plans are in disarray at a host of American colleges. Harvard is mostly limited to freshmen; U.C. Berkeley is starting online-only.
Weiterlesen »
Netflix takes back Emmys nominations lead from HBO - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »