Here's a list of companies that have a lot to prove before the year is over.
when it announced its CEO Art Peck was stepping down, effective immediately, in early November. Gap's total sales have fallen for the past four quarters now.
Now, with an interim CEO and an ongoing search for a new chief, Gap is hitting reset. But one thing it says it won't change is its plans to spin off its Old Navy brand into its own publicly traded company. Some investors are relieved the company is pushing forward with the plan, but others worry about its rationale if growth slows at Old Navy. Old Navy was once the star of Gap's portfolio.
Gap is known for being heavily promotional. But too many deals in stores this holiday season could end up weighing further on profitability. Gap needs to find a balance this holiday season between exciting shoppers with deals and keeping its profit margins in check.Barnes & Noble has been struggling for years now to pull itself out of a sales slump.But in July, activist firm Elliott Management announced it would be acquiring the bookseller for roughly $683 million, including debt.
Still, Barnes & Noble faces a tough battle each holiday season. It has been ceding market share to Amazon. And pressure has mounted with more consumers turning to their smartphones or iPads to pass time, instead of to books. Barnes & Noble has been shutting some of its larger locations in favor of opening up smaller-format shops with cafes and, in some instances, eateries.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Can Holiday Shopping Be Fueled by Smarter Financing Options?Retailers and fintech are offering more spending possibilities than ever to aid consumers’ plans for high spending this holiday season.
Baca lebih lajut »
Americans are more likely to spend less than more this holiday season, according to our surveyMany Americans plan to spend less this holiday season, saying it's either because they want to save money or the cost of necessities has increased.
Baca lebih lajut »
5 Holiday Pop-us to Check Out in New York CityThe immersive experiences and give shoppers a way to purchase unique or customizable holiday gifts.
Baca lebih lajut »
11 Smart Dishwasher Hacks for Extra-Easy Party CleanupThese clever tricks will make cleanup a breeze, whether you're hosting five people—or 50. MieleUSA f52partner
Baca lebih lajut »