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Tag: Nordstrom Inc

Retail stocks that could have a strong 2020

Some of the most beaten-down names in retail might end up being your best bets in 2020. That’s not to say there still isn’t reason to be wary about some of these companies. You’re taking a risk when you invest in a struggling business, especially in the challenged retail industry, which has faced management shakeups, …

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Forever 21 among bankruptcies that rocked the retail industry in 2019

A Barney’s store stands in lower Manhattan on August 06, 2019 in New York City. Barneys, one of America’s most exclusive clothing stores, has filed for bankruptcy. Spencer Platt | Getty Images 2019 brought with it more retail bankruptcies. And the implications have been more store closures, thousands of lost jobs and an vastly different …

Forever 21 among bankruptcies that rocked the retail industry in 2019Read More

How department stores lost their clout in the beauty industry

Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images In the beauty business, there’s been a changing of the guard over the past decade. Social media has bolstered the success of specialty stores and cultivated a number of billion-dollar upstart beauty brands that are going …

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Online returns this holiday season to hit record $41.6 billion

‘Tis the season for giving gifts and then returning that sweater your mom gave you that didn’t fit. The new normal for many consumers is buying gifts from the comfort of the couch. And as online sales continue to grow, the amount of items that people are returning during the holidays only continues to grow …

Online returns this holiday season to hit record $41.6 billionRead More

Cyber Monday sales hit record $9.2 billion: Adobe Analytics

Cyber Monday sales in 2019 are reaching new records, as the ease of shopping on the internet beats hopping in the car to head to the mall. Shoppers are expected to ring up a whopping and record $9.2 billion online on Monday, up 16.9% from a year ago, with people spending an estimated $11 million …

Cyber Monday sales hit record $9.2 billion: Adobe AnalyticsRead More

Costco’s website goes down on Thanksgiving, others also see outages

Shoppers walk past a placard that states “Black Friday preview” at a Macy’s store as pre-Thanksgiving and Christmas holiday shopping accelerates at the King of Prussia Mall in King of Prussia, Pennsylvania, November 22, 2019. Mark Makela | Reuters As online shopping becomes more popular over the Thanksgiving weekend, some retailers experienced outages amid the …

Costco’s website goes down on Thanksgiving, others also see outagesRead More

Shoppers spend a record $5.4 billion online on Black Friday: Adobe

Consumers aren’t waiting until Cyber Monday to shop online this holiday season. Spending online on Black Friday, as of 9 pm ET, hit a new record of $5.4 billion, up 22.3% from a year ago, according to data pulled from Adobe Analytics, which measures transactions from 80 of the top 100 U.S. online retailers. This …

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Retailers need to give shoppers something new this Black Friday

Customers shop for electronics items during ‘Black Friday’ at a Best Buy store. Sandy Huffaker | Getty Images News | Getty Images Shoppers are expected to spend this holiday season. But are retailers giving them something to spend on? That’s the million-dollar question. A strong macroeconomic backdrop, with low unemployment and wage growth, has given …

Retailers need to give shoppers something new this Black FridayRead More

It’s a make-or-break holiday season for these six retailers

For many, the holidays spark joy, and are a time to relax in the comfort of family and friends. If you’re in retail, however, it’s a bit of a different story — especially if your business is struggling. Some retail executives really feel the pressure this time of year, as the holiday season can make …

It’s a make-or-break holiday season for these six retailersRead More

Black Friday is losing its clout, more bad news for department stores

Black Friday isn’t quite the deal frenzy it used to be. Retailers have been touting bargains for weeks. With more shopping moving online, it has only become easier to compare prices, and so the lure of doorbuster deals is losing its grip on shoppers. That only means more bad news for a group of retailers …

Black Friday is losing its clout, more bad news for department storesRead More