Bloomberg The owner of the Coach and Kate Spade brands is stockpiling its handbags and other accessories ahead of the holiday season to ensure it can meet consumer demand amid ongoing delays in the delivery of products from suppliers. “We find ourselves in a dynamic where the consumer demand backdrop is strong, while supply chain remains challenging,” Scott Roe, the ...

Bloomberg Macy’s Inc surged after the department-store operator reinstated its dividend and raised its sales guidance, a sign that consumers are returning to the apparel market after a lengthy pandemic slump. Same-store sales, a key retail metric, rose 61% for the company’s owned stores in the second quarter, Macy’s said in a statement. That’s above the 43% gain expected by ...

Bloomberg Retail sales in Canada rebounded as brick-and-mortar shops were allowed to reopen after months of Covid-19 shutdowns, though early data shows that momentum was short-lived. The value of receipts rose 4.2% in June, Statistics Canada reported in Ottawa. However, that bounce-back was quickly reversed in July with a preliminary estimate showing a 1.7% decline on the month. That brings ...