Nordstrom Inc
As their customers age, Macy’s, Kohl’s and Nordstrom are chasing younger shoppers
Signage of Macy’s, Kohl’s and Nordstrom retail stores. Getty Images Department stores are aging — and so are their customers. For over a century, the stores won over multiple generations with a promise to sell shoppers a wide variety of everything. For many Millennial and Gen Z consumers, that hasn’t been enough — especially as […]
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Nordstrom family tries again to take department store private, forms special committee
A sign marks the location of a Nordstrom store in a shopping mall on March 20, 2024 in Chicago, Illinois. Scott Olson | Getty Images The Nordstrom family is once again considering taking the department store private and has formed a special committee to evaluate bids, it announced on Thursday. CEO Erik Nordstrom and president […]
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Department stores face another squeeze. This time, with store credit card revenue
A customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City. Robert Nickelsberg | Getty Images Department stores like Macy’s and Kohl’s have long used store-branded credit cards to drive purchases and get a cut of cash. Starting this spring, though, those cards will become […]
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These 10 retail brands are the fastest growing in the U.S., Yelp says
The new restaurant in your neighborhood may look familiar. Chains owned by publicly traded restaurant companies accounted for half of the top 10 fastest-growing retail brands in the U.S. last year, according to a new Yelp report. Review site Yelp compiled the list by using a blended metric that includes net new openings, searches on […]
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Macy's hasn't closed 150 stores yet. But Target, Kohl's CEOs already smell opportunity
Signs are posted at the entrance to a Macy’s store that is set to close at Bay Fair Mall on February 27, 2024 in San Leandro, California. Macy’s announced plans to shutter 150 underperforming stores across the United States. Justin Sullivan | Getty Images News | Getty Images Macy’s hasn’t yet shut the approximately 150 […]
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Nordstrom shares jump more than 10% on report retailer is trying to go private
Shoppers exit the Nordstrom at the Westfield Topanga mall in Canoga Park, California, on Aug. 14, 2023. Christina House | Los Angeles Times | Getty Images Nordstrom shares jumped more than 10% on Tuesday following a report that the department store chain is attempting to go private. The retailer’s founding family is working with Morgan […]
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Inventory futures rise just after Tuesday's promote-off, buyers await Powell testimony: Reside updates
Traders work on the ground at the New York Stock Trade (NYSE) in New York Metropolis, U.S., February 29, 2024. Brendan McDermid | Reuters U.S. stock futures rose Wednesday, next a sharp market-off for all 3 major averages. Futures tied to the Dow Jones Industrial Normal climbed 82 points, or .2%. S&P 500 and Nasdaq-100 […]
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Nordstrom shares fall 10% as retailer warns of potential sales declines in 2024
Shoppers exit the Nordstrom at the Westfield Topanga mall on August 14, 2023. Christina House | Los Angeles Times | Getty Images Nordstrom’s holiday-quarter sales topped Wall Street’s expectations on Tuesday, but the retailer gave a muted outlook for the year ahead. The Seattle-based company said it plans to open new Nordstrom Rack stores and […]
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Inventory futures are minimal modified immediately after Nasdaq Composite retreats from file: Dwell updates
A trader is effective on the floor of the New York Inventory Trade (NYSE) throughout early morning investing on March 4, 2024 in New York Metropolis. Angela Weiss | Afp | Getty Illustrations or photos U.S. stock futures had been very little improved Monday night time following the Nasdaq Composite retreated from its report significant. […]
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New Macy's CEO Tony Spring looks to revive a 166-year-old retailer fighting for relevance
Tony Spring speaks at an event unveiling the Macy’s new women’s apparel brand, On 34th, in July. Spring is former CEO of Bloomingdale’s and begins as Macy’s CEO in February 2024, succeeding longtime Macy’s CEO Jeff Gennette, right. Melissa Repko | CNBC Inside its headquarters in New York City’s Herald Square, Macy’s got ready to […]
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