Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site.... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

2 minutes

US Holiday 2016 Result Update: Disappointing Results to Drive Retail Reorganization in 2017

Primary Analyst: Coresight Research
Contributors
Primary Analyst: Coresight Research
Insight Report

Executive Summary

  • The majority (66%) of the 32 companies we tracked that have provided holiday updates have either reported declines in holiday comps or noted that they had a worse-than-expected holiday season in 2016.
  • Weak store traffic, heavy promotions across categories and sales volatility throughout the season were the common challenges mentioned by retailers.
  • A few retailers had a positive holiday, including Amazon, The Children’s Place, Francesca’s, Gap, Lululemon Athletica, PVH and Steve Madden. Many of these companies updated their outlook based on positive holiday results. In addition, Costco’s December results were better than expected, and the company saw positive traffic trends.
  • While the results reported so far do not paint an optimistic picture for 2017, it is important to note that many big retailers have yet to release their holiday figures. Some of them could post positive results, which would somewhat alter the current outlook for 2017.
  • That said, disappointing holiday results for many department stores and specialty retailers—against a favorable macro backdrop and positive weather trends—point to structural challenges in retail, which suggests a difficult 2017.

Click here to read Coresight’s coverage on US holiday retail and gain key retail insights for 2019 and prior years.

You are currently viewing a preview of this report.

Please select an access option to view the full report. Hide Options -

Get unlimited access to all our research with one of our subscription plans.

View Subscription Plans
or

Contact us to purchase this report.

Contact us