Updated 4:18 P.M. E.T. Dec. 6 Prospects for the Nordstrom family taking their business private next year look good. Nordstrom Inc.’s financial results are improving. Executives have done a good job managing expectations. The Fed has cut rates twice this year, and the regulatory environment has loosened up. Brothers Erik and Pete Nordstrom, along with other … Read more
In what’s expected to be a challenging holiday season, Kohl’s Corp. is striving to reverse negative sales trends and emphasize its positioning as a family destination. The Menomonee Falls, Wis.-based promotional retailer has beefed up its 2024 holiday assortment with nearly twice as many gift options compared to last year, according to senior executives who … Read more
When it comes to consumer demographics, retailers are constantly looking for ways to segment their shoppers and expand into other target cohorts. A new study by Coresight Research gives insight into who are the 2024 shoppers in the apparel and accessories, , and beauty sector — which is characterized by age and household income. … Read more
Are strategies unveiled by mid-tier and high-end department stores in the U.S. this year enough to pull them out of the doldrums? Possibly in the long term, but no one is expecting the needle on sales and profits to move anytime soon. Stock prices are low, sales are tracking negative in most cases (even at … Read more
Kohl’s Corp., filling a significant “white space” in its assortment, has started rolling out Babies “R” Us shops inside its stores. “So far we’ve opened Babies ‘R’ Us in two stores, but we will have Babies ‘R’ in 200 locations by the end of September,” Nick Jones, Kohl’s chief merchandising officer, told WWD on Wednesday. … Read more
