The youth-focused American fashion retailer has announced that it is beginning a corporate restructure in order to bring its organization in line with its go-forward strategy and drive long-term profitable growth.
Lululemon Athletica Inc raised its quarterly sales and profit outlook on Monday, as its efforts to ramp up its online presence and broaden its range helped drive sales during the all-important holiday period.
The Cincinnati-based department store operator reported slight declines in same-store sales over the holiday period on Tuesday, and announced the upcoming closure of 28 Macy’s locations and one Bloomingdale’s store.
Nordstrom's new store, located a few blocks from Central Park, marks the 118-year-old company's first flagship offering in the nation's biggest retail market and aims to reboot a format that has been fading.
With holiday shoppers already making purchases and an increasing number of consumers expected to shop on Thanksgiving, analysts are predicting that this year’s Black Friday won’t have quite the same clout.
The U.S. holiday shopping period may heighten Wall Street's perception of a growing divide between retailers adapting to online sales and those unable to shake their reliance on dwindling shopping mall traffic.
Nordstrom Inc raised its 2019 forecast unlike many competitors and reported third-quarter profit above Wall Street expectations on Thursday, sending the retailer’s shares up about 10% in extended trading.