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Tiffany, Macy’s Among Retailers Closing US Stores
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A growing number of US retailers, including Tiffany & Co., are temporarily shuttering all locations across North America in an effort to stem the coronavirus spread.“Effective immediately, we’re temporarily closing all Tiffany stores in the US and Canada,...
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Retail
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Mar 18, 2020
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Rapaport News
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Nordstrom Names Exec to Tap Online Retail Growth
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Nordstrom appointed Geevy Thomas to a new role of chiefinnovation officer to help the retailer keep up with trends in consumer habitsand strengthen online sales.Former salesman Thomas has served for 34 years at thecompany and was most recently...
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Retail
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Jan 12, 2017
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Rapaport News
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Kendra Scott Receives Equity Investment
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Berkshire Partners has bought a minority stake in KendraScott Design, highlighting the significant growth the jewelry brand has enjoyedsince starting operations in a spare bedroom.Reuters said the deal valued the company at $1 billion,while details were...
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Retail
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Dec 26, 2016
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Rapaport News
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Black Friday Sales Gain from Thanksgiving Closures
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Consumer foot traffic was flat on Black Friday halting the downtrend seen in previous years as more retailersstayed shut on Thanksgiving.While U.S. stores have opened in the past on theThanksgiving holiday, doing so took business away from...
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Retail
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Nov 28, 2016
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Rapaport News
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Holiday Sales to Gain From Post-Election Certainty
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U.S. holiday season forecasts for retail improved as increasedcertainty after the presidential elections is expected to bolster sales. Commentatorshave, however, warned about the extent of any potential upturn.“Having certainty on that [elections being over] is probablya...
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Retail
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Nov 15, 2016
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Rapaport News
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Retail
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Feb 22, 2013
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Jeff Miller
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Nordstrom Rack to Open in Ann Arbor
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Nordstrom plans to open a new Nordstrom Rack at Arborland Center in Ann Arbor, Michigan in the second quarter of 2013. The approximately 30,000-square-foot store will carry on-trend merchandise from Nordstrom stores and Nordstrom.com, but at 50 to 60 percent...
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Retail
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Sep 19, 2012
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Jeff Miller
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Nordstrom to Anchor Extell's Future 57th St. Tower
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Nordstrom Inc. signed an agreement with Extell Development Co. to build its first full-line store in Manhattan at 225 West 57th Street. This new flagship store in the Columbus Circle neighborhood will boast 285,000-square-feet of shopping...
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Retail
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Jun 29, 2012
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Jeff Miller
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Wealthy Shoppers Score Nordstrom as the Best
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Wealthy U.S. shoppers ranked Nordstrom as the best among luxury retailers in the 2012 Luxury Consumer Experience Index (LCEI) survey conducted by the New York-based Luxury Institute. The LCEI scored several brands' store...
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Marketing
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May 09, 2012
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Jeff Miller
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Nordstrom Celebrates One Holiday at a Time
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Bucking the common trend of decorating retail stores for Christmas in November, luxury retailer Nordstrom is holding-fast on its tradition of keeping the trees and ornaments off their store floors until Black Friday. Big box...
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Retail
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Nov 09, 2011
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Ricci Dipshan
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October Retail Sales Fall Short at Saks, JC Penney
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Preliminary retail sales for October were largely in-line with expectations, however, sales growth rates at high-end retailers softened from previous months. Luxury retailer Nordstrom reported a 5.4 percent year on year increase in same-store sales for October and preliminary total sales of $749 million, an increase...
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Financial-Legal
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Nov 03, 2011
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Jeff Miller
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U.S. Retailers Report April Sales
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Department stores and luxury retailers reported April sales increases that were largely in-line with expectations given easy year on year comparisons with the Easter sales cycle hitting late in the month compared...
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Retail
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May 06, 2011
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Ricci Dipshan
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