As uncertainty related to the Covid-19 crisis continues, the historied American fashion brand is reportedly looking for a buyer, having extended a sale process which was initially set in motion at the end of last year.
With the Covid-19 pandemic meaning that many Americans are currently working from home, a recent survey from Nordstrom Trunk Club suggests that lounge and activewear have become the top lockdown trends.
As Covid-19 continues to spread, Monday saw a number of North American retailers moving to protect consumers and employees by implementing store closures, including Nordstrom, Guess, Canada Goose, VF, PVH and Ulta.
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.
The department store retailer posted disappointing first-quarter results on Tuesday, as slipping sales were compounded by mounting costs, and also announced the opening date of its upcoming NYC flagship.
The average American throws away 600 pieces of clothing in their lifetime, according to a new survey conducted by Trunk Club, and many of these clothes are discarded due to problems caused by improper care.
The female-led womenswear company announced on Wednesday that it has closed a $15 million Series A funding round with plans to put the money towards retail expansion, digital growth, technology and personnel.
A report released by Brightpearl on Wednesday suggests that the introduction of try-before-you-buy services could spell disaster for unprepared e-commerce retailers, swamping them with returns and obliterating margins.