Gap Inc on Thursday raised its full-year net sales forecast for the second time, betting on hot demand for its Old Navy and Athleta clothing brands as socializing makes a comeback with easing pandemic curbs.
Nordstrom Inc's quarterly revenue declined 6% from pre-pandemic levels, sending its shares down 7% aftermarket as investors pitted the lackluster result against strong growth at rivals Macy's and Kohl’s.
Amazon.com Inc is planning to open large physical shops in the United States that will operate like department stores, the Wall Street Journal reported on Thursday, as the e-commerce giant expands its stores footprint.
Walmart Inc increased its annual U.S. same-store sales forecast after beating analysts' estimates on Tuesday, as shoppers coming out of lockdown bought more clothes, travel gear and back-to-school merchandise.
The New York-based department store operator announced the launch of its latest private brand on Monday: And Now This, a label offering men’s and women’s apparel for the “fashion-forward, contemporary shopper."
The Neiman Marcus Group (NMG) is the latest retailer to announce its commitment to go fur-free by early 2023, with plans to close all its existing fur salons and convert them to spaces for “modern luxury experiences”.