Factors to Decide the Fate of Nordstrom (JWN) in Q1 Earnings
Tuesday, 26 May 2020, 13:03:00
Nordstrom’s (JWN) first-quarter fiscal 2020 results are expected to reflect the impacts of extended store closures and increased costs. Higher online sales are likely to have cushioned the top line.
— Zacks Investment Research
Grocery stores, Target, and Walmart could save shopping malls by filing the void of dying department stores
Monday, 25 May 2020, 13:10:00
Malls will likely try to court grocery stores like Walmart and Target to replace department store anchors in a post-pandemic world, analysts and experts say. The struggles of traditional department store anchors like JCPenney and Nordstrom have been heightened amid the pandemic. As foot traffic to malls declines and the grocery sector surges, experts say that malls will look to capitalize on high grocery store foot traffic. Visit Business Insider’s homepage for more stories . As department stores like JCPenney and Nordstrom struggle, the once-celebrated “anchor” store seems to be fading into a remnant of the past. At the same time, the pandemic has helped accelerate the growth of the grocery sector. According to experts, this pattern will likely encourage malls and shopping centers to start courting grocery stores and essential retailers like Walmart and Target to become their new anchor stores, accelerating a retail trend that was already well in place. Grocery and big-box stores can help drive traffic to malls Foot traffic in malls has been declining steadily, even before the pandemic.
— Business Insider
10 retailers having Memorial Day sales that are giving back to healthcare workers
Thursday, 21 May 2020, 20:18:19
These are the 10 top retailers having Memorial Day sales that are also giving back to essential workers and nurses, including Nordstrom, Madewell, and Crocs.
— USA Today (Feed)
Some stores including Lululemon and Nordstrom won’t take cash as they reopen, putting them further out of reach for millions of Americans
Thursday, 21 May 2020, 12:55:09
Lululemon and Nordstrom have both said they wouldn’t be accepting cash as they reopen stores. Public health officials have said they believe cash could contribute to the spread of the novel coronavirus. But, some cities and states across the US have banned cashless stores, as millions of Americans do not have a checking or savings account. Visit Business Insider’s homepage for more stories . Reopening stores are making plenty of changes aimed at keeping employees and shoppers safe in the coronavirus era. And, some are going cashless, at least for a period of time. A note on Lululemon’s frequently asked questions page says that the activewear retailer won’t be taking cash at recently reopened stores. “We won’t be accepting cash payments for 30 days after reopen, and we’ll reassess after that time. We prefer contactless tap payments like credit and debit cards or ApplePay. Check in with your financial institution so your digital wallets are ready to go!” the note says, adding that gift cards will still be accepted.
— Business Insider
The comfiest leggings you can essentially live in
Wednesday, 20 May 2020, 15:57:21
Finding the perfect pair of leggings is not easy. So we rounded up our favorites, which are the most comfortable we’ve ever worn, from places like Amazon, Nordstrom, Lululemon and more.
— CNN RSS