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Tiffany US Retail
Tiffany, Macy’s Among Retailers Closing US Stores
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,...
Retail Mar 18, 2020 Rapaport News
Nordstrom Names Exec to Tap Online Retail Growth
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...
Retail Jan 12, 2017 Rapaport News
Kendra Scott
Kendra Scott Receives Equity Investment
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...
Retail Dec 26, 2016 Rapaport News
Black Friday Sales Gain from Thanksgiving Closures
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...
Retail Nov 28, 2016 Rapaport News
Holiday Sales to Gain From Post-Election Certainty
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...
Retail Nov 15, 2016 Rapaport News
Nordstrom's Earnings +20%, Plans Numerous 'Rack' Store Openings in 2013
Retailer Nordstrom reported that revenue jumped 13.3 percent year on year to $3.7 billion for the fourth quarter that ended on February 2. Same-store sales rose 6.3 percent company-wide; however, full-line Nordstrom comparable-store sale...
Retail Feb 22, 2013 Jeff Miller
Nordstrom Rack to Open in Ann Arbor
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...
Retail Sep 19, 2012 Jeff Miller
Nordstrom to Anchor Extell's Future 57th St. Tower
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...
Retail Jun 29, 2012 Jeff Miller
Wealthy Shoppers Score Nordstrom as the Best
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...
Marketing May 09, 2012 Jeff Miller
Nordstrom Celebrates One Holiday at a Time
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...
Retail Nov 09, 2011 Ricci Dipshan
October Retail Sales Fall Short at Saks, JC Penney
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...
Financial-Legal Nov 03, 2011 Jeff Miller
U.S. Retailers Report April Sales
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...
Retail May 06, 2011 Ricci Dipshan
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