Wednesday, December 29, 2021

Nordstrom’s 10 biggest milestones of 2021

CSA
Nordstrom is wrapping up a busy 2021, during which it celebrated its 120th anniversary and launched a number of new initiatives. . . . more

Wednesday, December 22, 2021

Can this year's department store recovery last?

Retail Dive
Department stores were already a decade deep into their decline when the pandemic upended normal life, exacerbating years-long trends that are also hurting the traditional malls they anchor. . . . more

Tuesday, December 21, 2021

Nordstrom reportedly hires AlixPartners to review possible Rack spinoff

CNBC Business
Nordstrom has tapped the consulting group AlixPartners to help it review a potential spinoff of its off-price Nordstrom Rack business, according to a report from Bloomberg. . . more

Authentic Brands expands Reebok to over 2.8K stores in deal with JD Group

Retail Dive
Reebok is expanding under soon-to-be owner Authentic Brands Group. The brand conglomerate on Monday announced a partnership between Reebok and JD Group that will see the athletics brand in more than 2,850 stores. . . more

Monday, December 20, 2021

Sears owner plans to sell its corporate HQ

Retail Dive
Sears and Kmart owner Transformco plans to put its corporate campus near Chicago on the real estate market next year, according to local media reports and confirmed for Retail Dive by Kevin Kramer, director of economic development for Hoffman Estates, where the campus is located. . . . more

Forever 21 enters metaverse with Roblox store

CSA
Forever 21 is the newest retail player on the popular Roblox gaming platform. . . . more

J.C. Penney launches same-day delivery in time for holidays

CSA
The J.C. Penney Co. Inc. is expanding upon its omnichannel fulfillment options. . . . more

Friday, December 17, 2021

Strip centers outpacing traditional malls as physical retail recovers

Retail Dive
The commercial property values of open-air strip centers, which rose 13% since before the pandemic, are drastically outpacing traditional malls, where values edged up 1%, according to a report from Green Street. . . . more

Thursday, December 16, 2021

Moorestown Mall attains approval to add multifamily housing

CSA
Excavators will soon dig in at Moorestown Mall in New Jersey as owner PREIT won unappealable approval for it to add multifamily housing there. The company also received a mortgage loan extension to redevelop its Woodland Mall in Michigan. . . . more

Wednesday, December 15, 2021

Neiman Marcus looks at plan to split into 3 separate businesses: report

Fox Business
Neiman Marcus is exploring a plan that would divide the luxury retail chain into three different businesses. . . . more

Friday, December 10, 2021

Torrid braces for rising costs and ongoing pandemic uncertainty after mixed Q3

 etail Dive
Benefiting from apparel demand but dogged by supply chain issues, Torrid on Wednesday reported a mixed Q3. . . . more

Nike To Stop Selling Sneakers At Popular Shoe Chain

CBS Boston
You won’t be able to buy Nike sneakers and apparel at one of America’s largest shoe store chains in 2022.  . . more

Wednesday, December 8, 2021

Nordstrom leverages pack and hold inventory to mitigate supply chain risk

CSA
Nordstrom is increasing its use of pack and hold inventory "by a factor of two times to three times" at its Rack subsidiary as it expects macro supply chain disruptions to persist into 2022, CEO Erik Nordstrom said on the company's Q3 earnings call. . . . more

Tuesday, December 7, 2021

Retail sales reached pre-pandemic levels before December, says NPD

CSA
The U.S. retail industry had largely recovered from the COVID-19 pandemic even before the start of December. . . . more

Should retailers like Kohl's and Macy's break themselves up?

CNN Business
For years, the future of the department store has been in doubt, as shoppers abandon malls and instead opt to scoop up dresses, appliances and accessories online. . . . more

Friday, December 3, 2021

Office use proposed for former Lord & Taylor Burlington Mall space

Daily Times Chronicle

BURLINGTON - The currently vacant Lord & Taylor space could be getting in on the renovation act that has been taking place at Burlington Mall for the past two years. . . . more 

Ulta Beauty tops expectations as beauty business rebounds

CSA

Ulta Beauty reported better-than-expected third-quarter results with comp sales that topped pre-pandemic levels.. . . more 

Thursday, December 2, 2021

Toys ‘R’ Us to open global flagship at American Dream

 CSA

Toys “R” Us is making a big move in its U.S. retail comeback — just in time for the holidays.
The iconic toy retailer will open a flagship — the first in the United States under its new owners — in mid-December at American Dream, the massive, three million sq.-ft.-plus entertainment and retail center in East Rutherford, New Jersey. The two-level, 20,000-sq.-ft. store will feature a modern design with signature elements that have long been associated with the retailer, including its mascot, Geoffrey the Giraffe.. . . more

Five Below in strong Q3; holiday off to ‘strong start’

 CSA

Five Below reported third-quarter results that beat Wall Street expectations despite a “challenging” supply chain environment. The teen and tween value retailer reported that its earnings totaled $24.2 million, or $0.43 a share, in the quarter ended Oct. 30, compared with $20.4 million, or $0.36 a share, in the year-ago period. Analysts had expected earnings per share of $0.29. . . . more

Wednesday, December 1, 2021

NRF holiday recap: In-store shopping up, online down; average spend falls YOY

 CSA.com

Approximately 104.9 million people shopped in stores from Thanksgiving Day through Cyber Monday, up from 92.3 million in 2020, according to the annual survey by the National Retail Federation and Prosper Insights & Analytics. The overall number of online shoppers decreased to 127.8 million from 145.4 million last year.  . . . more