Macy's said strategy of opening its Backstage off-price chain within its department stores drives traffic into the main store, but experts say the move confuses customers and could hurt Macy's longer-term results.
Nordstrom posted an increase in net sales, led by its Rack business that offset its full-line stores. While the Seattle-based retailer met earnings expectations at $63 million, comparable store sales were still down 0...
As the retail industry continues on a dismal path, the secondhand market is on the rise—particularly in the area of clothing, footwear and accessories, which equates to about half of the resale market.
The Tie Rack store network, specialised in ties and accessories, was acquired in 2014 by its long-standing French partner. The brand is now celebrating its 35th anniversary, and the owner has developed a new store con...
Nordstrom on Thursday reported earnings which were in-line with company expectations. Total company net sales increased 9.8 percent and comparable sales increased 4.4 percent, compared with the same period last year.
Macy's planned push into the off-price retailing sector, dominated by chains such as TJX Cos Inc's TJ Maxx, shows the venerable department store chain has faced up to new realities of retailing in the United States.
Macy's reported a weaker-than-expected rise in sales in the holiday quarter and forecast full-year profit and revenue that fell short of analysts' expectations as it invests in new lower-priced and international stores.