Weeks ahead will test retailers’ lofty expectations

Shoppers ascend and descend an escalator at Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark McKella | Reuters Is it starting to look a lot like Christmas? Probably not, this year. With 24 days into the big holiday, retailers are hoping consumers will keep spending. Shoppers started buying holiday gifts early … Read more

Stage set for bigger beauty sales at Target, Kohl’s

A Sephora store inside a Kohl’s store, and an Ulta Beauty store inside a Target store. Source: Kohl’s; targeting Beauty has always been a big holiday category, but this year it’s expected to be even bigger. Shoppers aren’t just looking for perfumes or candles to give to family and friends. They are eager to replenish … Read more

Sticker shock could change retailers’ approach to sales

Shoppers look at Macy’s Black Friday specials in Maumee, Ohio, November 27, 2020. Stephen Zenner | SOPA photos | Light Rocket | Getty Images Keith Fitzgerald has gone to great lengths this holiday season to make sure he gets the perfect gift. Fitzgerald, a 40-year-old hairdresser, searched online and in stores for a special edition … Read more

Nordstrom (JWN) Q3 2021 earnings miss, sales beat

A shopper leaves a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images Nordstrom on Tuesday reported earnings that fell short of analyst expectations as labor costs eroded profits and sales and its Nordstrom Rack business struggled to return to pre-pandemic levels. The news sent faltering over 16% in extended … Read more

Macy’s, Kohl’s raise prices to protect profits. Investors see that as a win.

A shopper visits a Macy’s flagship store in New York, May 20, 2021. Eduardo Munoz | Reuters A round of major retail earnings this week exposed a stark divide in the industry between retailers trying to keep prices low for customers amid rising inflation, and those able to pass on costs to shoppers this holiday … Read more

Macy’s CEO, department store veteran, fights the Amazon future

Doorways at Macy’s are decorated with Christmas ornaments on December 4, 2020 in New York City. Roy Rochlin | Getty Images Entertainment | Getty Images As Macy’s prepares to release its third-quarter earnings on November 18 ahead of its larger retail season, the most pressing questions in the series of investor questions will be: Does … Read more

Activist hopes to split Macy’s digital biz but experts raise red flags

Macy’s Herald Square flagship store in Midtown Manhattan, New York. Nicholas Economo | Norfoto | Getty Images An activist investor is pressing Macy’s to separate its digital operations from its stores in a bid to unlock value in the 162-year-old chain of stores. And while it might be an attractive move in the short term, … Read more