FinancialBuzz.com: The Retail Industry Affected by Macroeconomic Variables

NEW YORK, March 23, 2017 /PRNewswire/ --

The global retail sector is projected to rise to US$ 28 trillion by 2019, with average annual growth rate of 3.8% since 2008, according to Research and Markets. The sector represents 31% of the world's GDP and employs billions of people throughout the globe. Hyper and supermarkets account for 35% of retail direct sales with USA and China at the forefront. E-commerce is expected to show a CAGR of 23% between 2012 and 2019 in revenue and 12% for e-consumers. In terms of market trends, specific consumer behavior such as over-connectivity and the pursuit of healthier lifestyles are expected to shape the market in coming years. Petrone Worldwide, Inc.  (OTC: PFWI), Christopher & Banks Corporation (NYSE: CBK), Vince Holding Corporation (NYSE: VNCE), Stage Stores Inc. (NYSE: SSI), New York & Company, Inc. (NYSE: NWY) 

Recently there has been a focus on smaller 'Specialty Retail' stores, which sell a diverse range of products. According to a report by IBIS World, because of the industry's fragmented nature, it is not driven by product-specific trends but rather by broad macroeconomic variables. Over the five years to before 2016, rising income and employment have boosted demand throughout the retail sector.

Petrone Worldwide, Inc.  (OTCQB: PFWI) is a leader in the hospitality industry with global operations capabilities, announced earlier today that, "the signing of a strategic alliance with Dewan & Sons. Dewan & Sons India, a leading Houseware articles export house with an established presence in the United States has appointed Petrone as the North American exclusive agent, with this strategic alliance to undertake direct sales and JIT distribution to all Dewan customers in North America."

"The value-added warehousing and distribution (VAWD), dedicated contract carriage (DCC), domestic transportation management (DTM) of PFWI coupled with JIT and lean inventory management will be a significant cost savings for Dewan and will create a projected $5,000,000+ in new revenue for PFWI adding dramatic value to the company and its shareholders," said Victor Petrone, CEO and founder of Petrone Worldwide. Petrone will be serving the following Dewan clients in North America: Wal Mart, Sam's Club, TJ Maxx, Home Goods, and Marshall's.

"We evaluated many companies to determine the functionality that would best fit our organization. Petrone is the ideal organization based on its ability to augment our current capabilities and its significant market strength in the logistics and warehousing segment, now with direct sales and service. This strategic alliance with Petrone creates increased real-time communication with our purchasing agents and creates a new service which is preferable, allowing reduced Minimum Order inventory. Dewan has a large array of high profile customers that we currently service. We have grown to a point that in order to expand and support the growing needs of our customers, we must partner with an organization such as Petrone. We are all very excited and look forward to working with the team. With the addition of these capabilities Petrone Worldwide is able to drive value for its customers through lower costs and faster time-to market," said Surender Gandhi, President of Dewan & Sons."

Christopher & Banks Corporation (NYSE: CBK) is a national specialty retailer featuring private-brand women's apparel and accessories. The Company offers its customers an assortment of clothing for everyday needs. Its merchandise assortments include designs of women's apparel, generally consisting of casual clothing, everyday basics, wear-to-work, leisure/active wear, and sleepwear in missy, petite and women sizes. The Company also offers a selection of jewelry and accessories, including footwear. The Company operates in the Retail Operations segment, which includes the operation of its retail stores, outlet stores, online and mobile. The Retail Operations segment includes activities generated by the Company's retail store locations (Missy Petite Women, Outlet stores, Christopher & Banks, and C.J. Banks), as well as the e-commerce business.

Vince Holding Corporation (NYSE: VNCE) is a global luxury brand best known for utilizing luxe fabrications and innovative techniques to create a product assortment that combines urban utility and modern effortless style. From its edited core collection of ultra-soft cashmere knits and cotton tees, Vince has evolved into a global lifestyle brand and destination for both women's and men's apparel and accessories. The Company operates in two segments: Wholesale and Direct-to-consumer. The Company's Wholesale segment consists of its operations to distribute products to various department stores and specialty stores in the United States and select international markets. The Company's Direct-to-consumer segment consists of its operations to distribute products directly to the consumer through its branded specialty retail stores, outlet stores and e-commerce platform.

Stage Stores Inc. (NYSE: SSI) operates 798 specialty department stores in 38 states and a direct-to-consumer channel under the BEALLS, GOODY'S, PALAIS ROYAL, PEEBLES and STAGE nameplates. The Company's stores, predominantly located in small towns and communities, and direct-to-consumer business offer a moderately priced, broad selection of trend-right, brand name apparel, accessories, cosmetics, footwear and home goods for the entire family. The Company's direct-to-consumer channel includes its e-commerce website and Send program. 

New York & Company, Inc. (NYSE: NWY) is a specialty retailer of women's fashion apparel and accessories, and the modern wear-to-work destination for women, providing fashion that is feminine, polished, on-trend and versatile. The company recently announced that it is continuing to build its ever-growing partnership with actress and fashion entrepreneur, Eva Mendes. The specialty retailer today announced that the Eva Mendes Collection will be expanded to over 50 shop-in-shops and 19 Eva Mendes boutiques, in addition to a very strong online business.

Please SIGN UP NOW at http://www.FinancialBuzz.com To Receive Alerts on Trending

Financial News from all these companies. "The Latest Buzz in Financial News"

Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com  

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions as we purely incorporate public market research along with financial and corporate news. FinancialBuzz.com only regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, FinancialBuzz.com has been compensated three thousand seven hundred fifty dollars for financial news dissemination and pr services by a third party non affiliate for petrone worldwide, inc. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on the Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com

For further information:

Media Contact: [email protected] , +1-877-601-1879

Url: http://www.FinancialBuzz.com

Source: FinancialBuzz.com

SOURCE FinancialBuzz.com