Bruce Nordstrom, Former Retail Chair, Has Died
Nordstrom was instrumental in the Seattle department store chain’s expansion and 1971 initial public offering.
The retailer said it will expand Black Friday pricing for the whole of November, promising shoppers nearly 1 million more deals than last year.
The American retailer's comparable sales rose 24 percent in the second quarter.
The big box retailer said the new hourly rates, effective July 5, will be accompanied with bonuses, paid leave and other benefits.
Another night of outrage left stores smashed and looted in many American cities, as curfews failed to quell violence that replaced peaceful daytime demonstrations over the death of a black man seen on video gasping for breath as a white Minneapolis police officer knelt on his neck.
Another night of outrage left stores smashed and looted in many American cities, as curfews failed to quell violence that replaced peaceful daytime demonstrations over the death of a black man seen on video gasping for breath as a white Minneapolis police officer knelt on his neck.
ADVERTISEMENT
Despite an online comparable sales jump of 141 percent, net profit fell 64.3 percent in the first quarter.
The big box retailer expects to gain market share in apparel as competitors struggle.
Target is updating its beauty section to showcase independent and homegrown brands, in a bid to win over young shoppers from specialty retailers.
The American retailer has been spending more on its same-day delivery with services in a bid to better compete with rivals Amazon and Walmart.
ADVERTISEMENT
Jingyao Liu, a 21-year-old University of Minnesota student at the time of the incident, charged the Chinese company and its employees played a key role in the alleged rape by CEO Richard Liu.
The retailer is increasing its payroll costs and putting new pressure on rivals like Walmart to attract retail workers in a tight labour market.
The retailer predicted a full-year adjusted profit above Wall Street estimates after better-than-expected holiday quarter results.
Digital revenue rose 28 percent after the chief executive made e-commerce a key part of his $7 billion turnaround plan.
Nordstrom was instrumental in the Seattle department store chain’s expansion and 1971 initial public offering.
“This has been by far one of the hardest and most important decisions I have ever made,” the sustainability-focused designer said in an Instagram post.
Carter joins the company from makeup artist Danessa Myricks’ namesake cosmetics label, where she was CMO.
The companies are the latest additions to the Uyghur Forced Labor Prevention Act Entity List that restricts the import of goods tied to what the US government has characterised as an ongoing genocide of minorities in China’s Xinjiang region.
Craig Green, Ottolinger and Louis Gabriel Nouchi have been tapped to design for the fifth edition of the project by Netherlands-based tannery Ecco Leather, now known as Ecco.Kollektive.
London-based womenswear brand Chopova Lowena has been named the winner of the 2024 BFC/Vogue Designer Fashion Fund.
The Toronto-based company reported revenue of C$358 million ($263 million) for the fiscal fourth quarter.
The likelihood of a successful Burberry turnaround is limited in the near term, UBS Group AG analyst Zuzanna Pusz wrote in note.