Holiday season defines winners and losers in retail

ANNE D'INNOCENZIO | March 6, 2019

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The 2018 holiday season turned out to be a mixed bag for retailers, with some of them defying a gloomy government report in December that raised concerns that shoppers were hunkering down everywhere.Retailers like Walmart, Target and Best Buy that have been responding faster to a more competitive landscape with expanded delivery services and spruced up stores are enjoying strong sales. Off-price chains like T.J. Maxx parent that offer treasure hunt experiences have remained a sweet spot.But mall-based clothing chains and department stores particularly those that target the middle-income shoppers continue to muddle along. Macy’s had weak holiday sales, ending a year-long recovery after a three-year slump. J.C. Penney and Gap are both closing more stores after lackluster holiday sales.

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Spotlight

Talabat

Founded in 2004 by a small group of entrepreneurs in Kuwait, Talabat’s success expanded to the rest of the GCC region & Jordan, making it the largest and most popular food ordering app in the region, connecting users to restaurants that cater to all taste buds.

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