In today’s top retail news, JCPenney has rolled out its new Thereabouts private-label kids’ clothing line, while American shoppers spent more in department stores and less on furniture and cars in June. Plus, the mid-summer competition between the two top retailers is heating up on many different fronts in a battle of profitability, partners, and people.
JCPenney has launched its new Thereabouts private-label kids’ apparel collection. “Back-to-school essentials” such as basics, outerwear, sleepwear and shoes are included in the product line. Thereabouts products are made with very soft fabrics, and are inspired by the latest trends in kids’ fashion such as “sneaker dresses, head-to-toe color and prairie cool looks.”
American consumers spent more in department stores and less on cars and furniture last month, the Commerce Department announced, as the barometer that accounts for three-quarters of economic activity climbed 0.6 percent from a surprisingly weak May report. The government’s initial estimate of bolstered spending in June came out to about $621 billion.
In Making Loyalty Work for Small Businesses: Australia Edition, a PYMNTS and Pollinate collaboration, we found that shopping local businesses is a larger part of Australian consumers’ lives than in other places studied. In addition, loyalty and rewards are essential to freeing up new opportunities for the country’s small to medium-sized businesses (SMBs).
Halfway through July, the mid-summer rivalry between the top two retailers is increasing in many different areas in a battle over profitability, partners and people. While Amazon and new CEO Andy Jassy will release the firm’s Q2 results on July 29, Walmart won’t reveal its number until mid-August.
Read More On Retail: