• 25 clothing stores you'll see less of in the future

    10 days ago - By Business Insider

    American Eagle Outfitters could close up to 500 stores in the next two years.
    Budrul Chukrut/SOPA Images/LightRocket/Getty Images
    Many clothing retailers have announced store closures in the past year, and the coronavirus pandemic has led to even more.
    Victoria's Secret announced in May it would be closing up to 250 stores.
    American Eagle Outfitters recently announced it will be permanently closing up to 50 stores this year and could close up to 500 stores in the next two years.
    Legacy department stores Century 21, Lord & Taylor, and Neiman Marcus are all facing store closures.
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  • US retail sales climbed less than expected in August as economic bounce-back slowed

    10 days ago - By Business Insider

    Paul Bersebach/MediaNews Group/Orange County Register/Getty Images
    Americans spent less than expected at retailers in August as the economy reopened further.
    US retail sales increased 0.6% last month, missing the average economist estimate of 1%.
    Though the reading marks the fourth straight month of improvement, the indicator's rally slowed through the summer as stimulus programs expired and coronavirus infections swung higher.
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    Consumers spent less than expected at retailers in August as the economy continued its rebound from coronavirus...
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