Apparel retailers pass higher costs along to consumers
November 19, 2021
Retailers including Kohl’s and Macy’s have seen their stock prices rise as they have held the line on discounting to keep margins high. “We’ve clearly been through these inflationary cycles before, and so we have a lot of experience with it,” said Macy’s CEO Jeff Gennette. “And with fashion, sometimes you can pass that on, and you can get a higher ticket and a higher sale price.”
Recent News
Gordy’s Hi-Hat Carries on Tradition With the Next Generation
In the northern Minnesota town of Cloquet, where a gas station designed by Frank Lloyd Wright stands as a landmark, another local gem keeps the community connected to its past.
Boston Dynamics Unveils Electric Atlas Robot
Boston Dynamics has introduced a new electric version of its humanoid robot, Atlas, following the retirement of its hydraulic predecessor.
Airline Execs Forecast a Record Summer and a Rise in Demand for First Class
Despite recent negative attention due to safety concerns within the airline industry, executives say that there is no indication of decreased flight demand.
Walmart Introduces Supplier-Driven Self-Serve Insights Connectors
Walmart revealed a new insights offering that combines its Walmart Connect and Walmart Luminate products.