Major retailers bring $14 billion in revenue to Black-owned brands

[ad_1] Major retailers and brands have driven $14 billion in revenue to Black-owned businesses since May 2020. In the last three years, Nordstrom, Macy’s, Sephora, Ulta Beauty and 25 others…

No more freebies: Companies crack down on customer perks and rewards

[ad_1] Shoppers at Brickell City Centre in Miami, Florida, US, on Wednesday, June 14, 2023.  Eva Marie Uzcategui | Bloomberg | Getty Images It’s not your imagination: Companies are getting…

Nordstrom tops Wall Street’s first-quarter sales expectations, even as shoppers spend less

[ad_1] Shoppers walk into a Nordstrom department store in Austin, Texas, March 3, 2023. Brandon Bell | Getty Images Nordstrom‘s fiscal first-quarter sales topped Wall Street’s expectations on Wednesday, even…

Macy’s opens more strip mall stores as expansion strategy faces pivotal test

[ad_1] FAIRFAX, Va. — Shoppers browse racks of clothing with a glass of wine in hand. A display of pet accessories and a water bowl greet four-legged visitors. Couples push…

Nordstrom adds former Nike executive to board as activist battle continues

[ad_1] Shoppers walk into a Nordstrom department store on March 03, 2023 in Austin, Texas.  Brandon Bell | Getty Images Nordstrom on Monday said it has tapped former Nike operating…

Allbirds admits missteps, unveils new strategy after brutal holiday quarter

[ad_1] A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Footwear retailer Allbirds…

Nordstrom earnings top expectations, retailer says it’s winding down Canada operations

[ad_1] Miami, Florida, Coral Gables Shops at Merrick Park, Nordstrom Department Store with shopper entering.  Jeff Greenberg | Universal Images Group | Getty Images Nordstrom on Thursday reported lower sales…

Walmart and Home Depot are getting ready for a consumer slowdown

[ad_1] If you want to know how this year may be for the retail industry, look no further than Walmart‘s cautious outlook. The discounter easily topped expectations for the holiday…

Walmart outlook disappoints Wall Street after strong holiday quarter

[ad_1] Customers exit a Walmart store on January 24, 2023 in Miami, Florida. Walmart announced that it is raising its minimum wage for store employees in early March, store employees…

Retailers could face cost cuts and slower sales this year

[ad_1] Shoppers walk past a Bloomingdale’s store in the SoHo neighborhood of New York, US, on Wednesday, Dec. 28, 2022. Victor J. Blue | Bloomberg | Getty Images After benefitting…