Department Stores

Stimulus And eCommerce Surge Lift Dept. Store Sales In January

Stimulus And eCommerce Surge Lift Dept. Store Sales In January
Stimulus And eCommerce Surge Lift Dept. Store Sales In January
February 08, 2021  |  Retail

Sales at U.S. department stores did something last month they haven’t done in a while: They grew. In fact, the 1.5 percent year-on-year increase posted...

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Nordstrom’s Growth Plan Focuses On Digital Strategies, Off-Price Brand
Nordstrom’s Growth Plan Focuses On Digital Strategies, Off-Price Brand
February 04, 2021  |  Retail

Ahead of its Thursday (Feb. 4) meeting with analysts and investors, Nordstrom said it anticipates a 25 percent hike in sales this year as it...

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Neiman Marcus Group To Invest $85 Million In Its Supply Chain
Neiman Marcus Group To Invest $85 Million In Its Supply Chain
January 28, 2021  |  Retail

Neiman Marcus Group (NMG) is making investments in its supply chain, technology, merchandising and personnel, which it says will transform the shopper experience at Bergdorf Goodman and...

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Macy’s To Close 45 Additional Stores
Macy’s To Close 45 Additional Stores
January 06, 2021  |  Retail

As part of a three-year roadmap to close stores, Macy’s reportedly told staffers at roughly 45 locations that they will shutter by mid-2021. The department store...

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Risky Business: Malls See Late Holiday Surge Despite Pandemic
Risky Business: Malls See Late Holiday Surge Despite Pandemic
January 04, 2021  |  Retail

With the holidays all over except for the returns, it’s time for the troubled mall sector to face the existential crisis that it avoided thanks...

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Nordstrom Launches Same-Day Gift-Delivery Service In New York City
Nordstrom Launches Same-Day Gift-Delivery Service In New York City
December 18, 2020  |  Delivery

Nordstrom is leveraging the coronavirus-fueled appetite for digital shopping and same-day delivery by rolling out a service that will deliver through Christmas Eve in the...

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Department Stores Adapt to Difficult Season, Count On Revenge Shopping
Department Stores Adapt to Difficult Season, Count On Revenge Shopping
December 14, 2020  |  Retail

There are less than two weeks until Christmas, and the retail industry, as per usual in 2020, finds itself in uncharted territory. The season has...

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Frasers Group Could Purchase Debenhams Department Store Chain
Frasers Group Could Purchase Debenhams Department Store Chain
December 07, 2020  |  Retail

In a potential rescue arrangement that could grow its reach on the U.K. high street, Frasers Group said it is in talks to purchase the Debenhams department...

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