Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
NEW YORK, United Sates — Upscale department store operator Nordstrom Inc is reaching out to potential buyers for its store-branded credit cards, Bloomberg reported on Friday, citing sources familiar with the matter.
NEW YORK, United States — Shares of Nordstrom climbed in aftermarket trading Thursday after the retailer reported stronger-than-expected results for its first quarter.
Technology will replace products, brands and financial strategies as the key source of value creation for fashion companies, argues Enrico Beltramini.
SEATTLE, United States — Nordstrom's markdowns during the holiday shopping season and costs to grow its Nordstrom Rack chain weighed on its profit during its holiday quarter.
NEW YORK, United States — U.S. retail sales may increase 3.9 percent during the holiday season, as political and economic uncertainties damp consumer confidence, the National Retail Federation said.
NEW YORK, United States — Returning a party dress the day after a big soiree is getting harder to do. Instead of just tagging merchandise before it’s purchased to prevent theft, the Bloomingdale’s department-store chain is keeping some garments tagged after they’re sold, too.
WASHINGTON DC, United States — Nearly 20 North American retailers including Wal-Mart Stores Inc and Gap Inc unveiled a 5-year safety plan for Bangladesh garment factories on Wednesday that would include inspecting every factory within a year.
NEW YORK, United States — Marty Hamamoto wouldn’t have dreamed of shopping for clothes with her mother when she was younger. Her own daughter actually looks forward to it.
NEW YORK, United States — Saks Inc on Tuesday reported higher-than-expected first-quarter sales but said investments to launch an e-commerce site for its outlet chain would weigh more on profits than expected.