[ad_1] Off-price is not going off-trend anytime soon. That might not be clear based on recent trading in TJX Companies’ stock. Club holding TJX Companies and rival Ross Stores are well-positioned to keep stealing market share from other retailers, particularly department stores, UBS said in a recent note, keeping a …
Read More »Tag Archives: Nordstrom Inc
Department stores face another squeeze. This time, with store credit card revenue
[ad_1] 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 …
Read More »Macy’s hasn’t closed 150 stores yet. But Target, Kohl’s CEOs already smell opportunity
[ad_1] Macy’s hasn’t yet shut the approximately 150 stores it plans to close. But retail competitors already smell opportunity. In recent interviews with CNBC, Target CEO Brian Cornell and Kohl’s CEO Tom Kingsbury said the department store’s decision to shrink its footprint gives them a chance to increase their own …
Read More »Nordstrom shares jump more than 10% on report retailer is trying to go private
[ad_1] 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 …
Read More »S&P 500, Nasdaq bounce following sell-off: Live updates
[ad_1] Traders work on the floor of the New York Stock Exchange during morning trading on Feb. 29, 2024. Michael M. Santiago | Getty Images The S&P 500 rose Wednesday as investors attempted to turn a corner following back-to-back losing sessions on Wall Street. The broad index added 0.4%, as …
Read More »Nordstrom shares fall 10% as retailer warns of potential sales declines in 2024
[ad_1] Shoppers exit the Nordstrom at the Westfield Topanga mall in Los Angeles on Aug. 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, and shares fell about …
Read More »New Macy’s CEO Tony Spring looks to revive a 166-year-old retailer fighting for relevance
[ad_1] 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 …
Read More »Yoga wars heat up as Levi’s Beyond Yoga taps former Athleta CEO, Gap veteran as next chief executive
[ad_1] Beyond Yoga Courtesy: Beyond Yoga Levi Strauss’ Beyond Yoga has tapped former Athleta CEO and longtime Gap veteran Nancy Green to be its next chief executive, as the company looks to scale beyond its modest roots and compete with industry leaders such as Lululemon and upstarts such as Alo …
Read More »AI is giving Santa a boost this holiday season
[ad_1] Manonallard | E+ | Getty Images For many Americans, it’s the first holiday season when most of the family may know the term “artificial intelligence” if it comes up during Christmas dinner. Just don’t expect AI to do the heavy lifting for Santa quite yet. The rise of generative …
Read More »With Black Friday deals and flashy displays, retailers try to convince reluctant shoppers to spend
[ad_1] Target hosted a free “Winter Wonderland” event in New York City to show off the holiday season’s hottest toys. It’s an example of the extra effort that retailers are putting in to motivate shoppers. Melissa Repko | CNBC NEW YORK CITY — On a recent weekend in downtown Manhattan, …
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