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The department store genre is dead: Retail expertMark Cohen, Columbia Business School and Simeon Siegel, Nomura Instinet analyst, discuss the outlook for retail in the next year. Who Killed the Yellow Pages for 2019? Maybe this guy is a little bitter with his criticism of M and management CNBC should be a little rougher on accepting this info as gospel based on his history and his current criticism. Sounds like a Monday morning QB that's bitter about the past.
Source: CNBC - 🏆 12. / 72 Read more »
A top Nordstrom executive and heir to the department-store dynasty has diedBlake Nordstrom, a co-president of Nordstrom Inc. and great-grandson of the company's founder, died on Wednesday.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Strong economy does little to lift department store salesNEW YORK (AP) — It was supposed to be a great holiday shopping season. Many investors had expected department stores to enjoy robust sales in light of a U.S. economy buoyed by low unemployment, higher wages, strong consumer confidence and cheap gas. So when Macy's and Kohl's reported lackluster numbers on Thursday, they were taken aback, sending retail stocks into a tailspin and calling into question whether such mall-based chains can compete in a changing landscape where shoppers are shifting more of their spending online. Narrator: They couldn't Thanks a lot Millennials, and capitalism.
Source: AP - 🏆 728. / 51 Read more »
Strong economy does little to lift US department store salesDespite investors' expectations of robust sales, big department stores reported disappointing sales figures for the holiday season, sending their share values tumbling.
Source: trtworld - 🏆 101. / 63 Read more »
Australia Wesfarmers' department store sales sag, shares dropAustralian retail conglomerate Wesfarmers Ltd warned on Monday that its discount... Expected long before
Source: Reuters - 🏆 2. / 97 Read more »
Nike gave us a glimpse into the store of the future this yearNike is winning the race to create the store of the future by debuting new features into its app. But Instant Purchase is by far the most interesting. BI_RetailNews Sounds like a cold and lonely experience.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The holiday season raised questions about the future of department storesDepartment-store stocks dropped sharply on Thursday.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Macy's cuts profit, sales forecast after weak holiday seasonMacy's Inc shares plunged 18 percent on Thursday after the department store... TV TV Retail changes constantly. Sears, Macy’s, and others better learn how to swim with the sharks or they soon be swimming with fishies! TV The business model has been killed by Amazon. Other than large items and clothes they lose. All the Knick knacks, housewares and high profit crap can be at your door the next morning.
Source: Reuters - 🏆 2. / 97 Read more »
The holiday season cast further doubt over whether department stores can survive in a new age of retailDepartment-store stocks dropped sharply on Thursday.
Source: BusinessInsider - 🏆 729. / 51 Read more »