Nordstrom’s stock jumped today after the company said a group of Nordstrom family members is considering taking the company private. Like all department stores, Nordstrom has been battling a decline in shopping mall traffic and competition from online retailers. The company reported weaker-than-expected sales last month and warned of a sluggish year ahead. Among other […]
Online shopping is sometimes just that — shopping. The actual buying happens later — in an actual store. Until now, retailers haven’t been able to connect those dots. Google says it has a tool that will let them connect online clicks to in-store buys. Good for Google, which may be able to sell more search […]
Target reports its earnings Wednesday. After months of slumping sales and profits, the retailer is getting back to retailing basics: Renovating stores and pricing grocery items more competitively. That strategy means the Minneapolis-based retailer is abandoning some of the more futuristic innovations it was experimenting with. Click the audio player above to hear the full story.
Retailers galore report their earnings this week amid a string of massive brick-and-mortar store closures, with more shuttered doors expected. What can Kohl’s, J.C. Penney, Nordstrom and others do to hang on? Adapt faster to offer some online shopping perks and tools, or learn the predictive strategies that online retailers have down pat. Click the […]
Seems like every time you turn around, another department store chain is closing locations and laying off people – Macy’s, Sears, J.C. Penney — and these are just the biggies. Since January, nearly 61,000 jobs have been eliminated in the retail sector. What kinds of jobs are being lost? And where are these workers going? Click […]
