The incident unfolds as the most important time of year for retail swings into high gear: the holiday shopping season, which officially kicks off next week with the Thanksgiving holiday.
In addition to competitive and promotional challenges, companies are facing rising costs as the labor market continues to tighten.
Among those moves are discontinuing the Dana Buchman brand while adding Nine West and the Mary-Kate and Ashley Olsen brand Elizabeth & James.
GlobalData Retail Managing Director Neil Saunders, in a note about Kohls, highlights the pricing pressure that retailers feel in the clothing category.
pparel was a very weak category with consumer demand down and retailers pushing up discounting to try and stimulate sales, Saunders wrote.
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