U.S. department store Nordstrom announced on Tuesday the appointment of three retail executives to its off-price Rack division, as the retailer homes in on merchandising and supply chain operations across its network.
Perfect Corp, an Asian startup that provides software to beauty and fashion companies, has agreed to go public in the United States by merging with a blank-check firm in a deal that values it at $1.02 billion.
Nordstrom forecast full-year revenue and profit above estimates on Tuesday, signaling strong demand for its upscale apparel and footwear as Americans resume normal life, and driving its shares up 38% in extended trading.
U.S. department store chain Kohl's Corp predicted above-expectation 2022 sales and profits on Tuesday on the back of faster shipments and the introduction of customer-favorite brands from Calvin Klein to Tommy Hilfiger.
Macy's Inc on Tuesday decided against a push by an activist investor to spin off its online business and forecast better-than-expected annual sales with holiday sales driven by strong demand for apparel and jewelry.