Gap expected last year’s tariff-related mitigation measures to pay off in 2026. In November, the company touted efforts such as sourcing and production adjustments as well as targeted price hikes.
In its most recent quarter, the retailer said it managed import-duty pressures and expects continued improvement in the upcoming quarters.
Gap expects a net neutral impact in 2026 from tariffs.
Gap feels confident about inventory levels, tariff mitigation | Retail Dive
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Urban Outfitters has been leveraging the JRNI Appointments solution to deliver personalized customer experiences throughout the pandemic at its Anthropologie and BHLDN brands. Anthropologie and BHLDN have both leveraged the application to support in-store appointments, virtual appointments and email consultations while complying with social distancing requirements. As a result, the brands can provide seamless, personalized experiences to each shopper. Anthropologie and BHLDN have engaged with 25,000 customers since April 2020, with overall transaction volume rising 25%. Customers who booked appointments via the JRNI solution purchased 40% of the time in stores and 65% of the time virtually, delivering higher results than any other channel. For customers, the experience has been seamless. The brands have been able to experiment within the platform with different types of triggers and communications to enhance the customer experience.
As the retailer builds out its store footprint, a location in the heart of the Illinois city is keeping readers in The Loop.
Barnes & Noble is ready to keep Windy City readers stocked with their favorite books, most recently with the opening of a store on State Street in Chicago’s Loop on Aug. 19.
And customers are seemingly ready, too — a line formed down the block on opening day so shoppers could get inside at 9:00 a.m. The store continued to draw large crowds throughout the day.
After 15 years of declining store numbers, Barnes & Noble is focused on expanding its footprint, including opening 60 locations last year. The company opened roughly the same number in 2024.
The Loop store is in a building once occupied by Old Navy, and, before that, by Borders until the closure of all of its stores in 2011. It is the fourth new bookstore Barnes & Noble has opened in the Chicagoland area in 2026, following locations in Skokie, Hyde Park and Oak Park.
Urban Outfitters, Inc. announced net income of $77 million and record earnings per diluted share of $0.78 for the three months ended October 31, 2020. For the nine months ended October 31, 2020, net loss was $27 million and loss per diluted share was $0.28. Total Company net sales for the three months ended October 31, 2020, decreased 1.8% over the same period last year to $970 million. Comparable Retail segment net sales were flat as a result of negative retail store sales driven by lower store productivity due to reduced store traffic, offset by strong double-digit growth in the digital channel. By brand, comparable Retail segment net sales increased 17% at Free People and 4% at Urban Outfitters and decreased 9% at the Anthropologie Group. Wholesale segment net sales decreased 24%. For the three months ended October 31, 2020, the gross profit rate increased by 79 basis points versus the prior year’s comparable period. Gross profit dollars increased 0.6% to $322.9 million from $321.1 million. For the nine months ended October 31, 2020, the gross profit rate decreased to 24.3% from 32.2% in the prior year’s comparable period. Net income for the three months ended October 31, 2020, was $77 million and earnings per diluted share was $0.78. Net loss for the nine months ended October 31, 2020, was $27 million and loss per diluted share was $0.28.