, and net sales at Macy's were down by 4.6 percent, while Nordstrom's net sales were down by 4.1 percent.
But for Macy's, there was an exception.
both its main store and its off-price store, Nordstrom Rack, in San Francisco. However, similar to Macy's, the retailer has been opening smaller-format stores, Bloomberg reported.This trend toward smaller stores is likely here to stay, as shoppers don't need as much space to browse, especially when they also have the option to compare prices and find what they need when shopping online, Bloomberg reported.
By 2027, retail e-commerce sales in the U.S. are predicted to reach $1.74 trillion and account for over 20 percent of total retail sales,Abby Reinhard is an Associate Editor at Best Life, covering daily news and keeping readers up to date on national parks, scientific studies, and the best pet advice.
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