Strong Performance: lululemon athletica is anticipating higher net revenues for Q4 of fiscal 2017, thanks in large part to a strong holiday season. The athleisure giant expects net revenues of $905 million to $915 million for the quarter. According to eMarketer Retail's companies database, lululemon's comparable sales grew 8.0% in Q3 2017.
Luxe Outlook: While apparel, beauty and handbags still make up a large share of luxury sales worldwide, shoes and jewelry are two of the fastest-growing product types in the luxury goods market. Sales in both categories increased by 10% in 2017, according to new data from Bain & Company.
Mobile, In-Store: Stratix and IHL Group conducted a survey of larger US retailers, finding that those who had embraced in-store mobile point-of-sale features saw a 24% average bump in sales in 2017. The firms theorized that those sales spikes were due in part to customers benefiting from a personalized in-store experience on mobile devices. However, retailers also reported significant challenges in deploying in-store mobile techniques, with a lack of the right apps and properly trained store staff chief among them.