Struggling Mattel warns of slumping holiday sales as debt ratings are cut

Mattel Inc.’s struggles deepened Monday as the toymaker warned of slumping holiday sales as its debt was downgraded by the major credit-rating firms. Mattel said in a securities filing that its fourth-quarter sales would be “negatively impacted” because of “certain underperforming brands” and because retailers were tightly controlling their inventories this holiday season. As a result,… Please follow and like us:

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Are you ready for Green Monday 2017?

Just when you thought all of the bargains and discounts had tapered off for the Christmas season, another (sort of) official sales holiday is in store for shoppers: Green Monday. RELATED: Green Monday 2017: 5 ways to save some serious cash In its short history, Green Monday has become known as the second-best day to shop… Please follow and like us:

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These major retailers are closing 1,000 stores in 2018

The new year could be another difficult one for traditional retailers. After closing more than 5,000 stores in 2017, we’re already getting word of closings for 2018. In 2017, the store closure and bankruptcy announcements began in January, right after the Christmas shopping season. RELATED: This retail secret may trick right-handed shoppers into spending more money… Please follow and like us:

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Black Friday Sales Improve From Previous Years

Black Friday called for retailers to boast off an abundant of discounts and doorbuster deals to attract shoppers as they began holiday shopping, but the real action took place online instead of in brick-and-mortar stores. A rise in online sales helped to bring about one of the best turnouts for the annual shopping day in the… Please follow and like us:

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How Black Friday and Its Doorbusting Discounts Came to Be

Black Friday has become quite the affair. The special-event day — not quite a holiday, though it often feels like one — creates hysteria in many parts of the country as people practically race from their Thanksgiving tables right to the stores offering them the very best deals. Black Friday isn’t even really on Friday anymore.… Please follow and like us:

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South Africa Strengthens Trade Relations With Russia

South Africa Cements Trade Links With Russia South Africa’s Ambassador to Russia has commended the work put in by government to create opportunities for local businesspeople. Speaking at South Africa’s national pavilion at the World Food Moscow international expo in Russia, Nomasonto Sibanda-Thusi said the two countries need to redouble efforts to showcase their respective offerings.… Please follow and like us:

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Best Buy sees best sales gain in seven years, but its stock price takes a dive

MINNEAPOLIS — Best Buy Co. celebrated on Tuesday its biggest quarterly sales jump in seven years — and then its stock plummeted. Such is the up-and-down life of retailers these days trying to prove themselves to investors amid the formidable shadow of Amazon. The retailer, based in suburban Minneapolis, posted a 5.4 percent jump in comparable… Please follow and like us:

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The Consumer – Changing Behaviours

The way we spend our time and money has been changing. Selfies are a new form of ‘art’ work, more communication is done with emojis and worser grammar than ever before and shopping continues to move out of the mall to your phone. The only certainty is that change will continue. Your favorite activities, brands and… Please follow and like us:

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The Future of Retail: Just How Important Has E-Commerce Become?

Tweet There is no question that the way many people shop has changed over the past five, ten, and even twenty years. Gone are the days when retailers were completely focused on the success and appearance of their physical or brick and mortar stores. The entire retail business model has changed, and in many ways, it’s… Please follow and like us:

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Private-sector job growth slows to 177,000 for April, ADP says

WASHINGTON — Job creation by U.S. businesses slowed last month to its lowest level since fall as construction firms and retailers pulled back on their hiring, payroll firm Automatic Data Processing said Wednesday. Private-sector firms added a still-solid 177,000 net new jobs in April, ADP reported. But that was a sharp decline from a downwardly revised… Please follow and like us:

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