As retailers continue to deal with a national labor shortage, the off-price luxury destination has announced that it has increased the minimum wage for all its hourly associates in North America to $15 per hour.
Amazon.com Inc is planning to open large physical shops in the United States that will operate like department stores, the Wall Street Journal reported on Thursday, as the e-commerce giant expands its stores footprint.
Levi Strauss & Co on Thursday raised its half-year revenue growth forecast, banking on Covid-19 vaccine rollouts to spur a return to normalcy, after the denim maker beat quarterly sales estimates on an e-commerce boost.
TJX Cos Inc forecast current-quarter same-store sales to fall up to 20% after reporting a bigger-than-expected loss for the previous three months, sending the off-price retailer’s shares down about 7%.
Target on Wednesday reported its best quarterly comp sales growth and online revenue that nearly tripled as customers took advantage of the retailer’s quick and contact-free delivery to shop for clothes and home decor.
With coronavirus-related restrictions slowly being lifted in a number of states, companies including Macy’s, Nordstrom, Caleres and Ulta have joined the list of U.S. retailers slowly reopening their stores.
True Religion Apparel Inc on Monday filed for Chapter 11 bankruptcy protection for a second time in less than three years, becoming another casualty of the coronavirus outbreak that has ravaged the retail sector.
Nordstrom forecast a 2020 profit largely below market expectations on Tuesday, after the upscale apparel retailer missed estimates for fourth-quarter revenue, sending its shares down nearly 8% in after-market trading.