tldrdaily.news logo
Tag

Nordstrom Rack

All articles tagged with #nordstrom rack

business1 year ago

Nordstrom Shares Drop Amid Larger-Than-Expected Q1 Loss

Nordstrom missed Wall Street's earnings expectations for its fiscal first quarter, reporting a loss per share of 24 cents versus the expected 8 cents, despite revenue exceeding forecasts at $3.34 billion. The company's off-price chain, Nordstrom Rack, outperformed its flagship stores with a 7.9% rise in comparable sales. Nordstrom reaffirmed its full-year earnings forecast and plans to open more Rack stores, although its shares fell 7% in extended trading.

via CNBC|
#business#earnings#nordstrom
business1 year ago

"Nordstrom's Stock Declines Amid Profit Warning and Expansion Plans"

Nordstrom's forecasted sales for fiscal year 2024 could decline, with revenue expected to decrease by 2% to increase by 1%. The company's traditional Nordstrom stores experienced a 3% drop in net sales, while Nordstrom Rack saw a 15% increase. As more consumers opt for off-price outlets, Nordstrom plans to open 20 additional Rack stores in 2024 and acknowledges the discount brand as a source of growth amidst changing consumer behavior.

via Quartz|
#business#consumer-behavior#nordstrom
crime2 years ago

"Retail Chaos: Thieves Target Nordstrom Rack and Macy's, Stealing Thousands"

Groups of thieves have been targeting Nordstrom Rack and Macy's stores in Southern California, ransacking the establishments and stealing thousands of dollars worth of designer purses. These incidents are part of a wave of "flash robberies" where thieves overwhelm store employees and security before making off with as many items as possible. Law enforcement has struggled to crack down on these crimes, leading to concerns about public safety and the impact on businesses.

via Daily Mail|
#crime#designer-purses#flash-robberies
shopping2 years ago

"Nordstrom Rack's Back-to-School Sale: Score College Essentials for Less!"

Nordstrom Rack is offering a back-to-school sale with deals on college essentials, including fall fashion and dorm decor. Shoppers can find discounts on items such as Madewell sweaters, Barefoot Dreams throw blankets, Herschel backpacks, Levi's jeans, and PUMA sneakers. Other discounted products include skincare sets, charging cables, lunch boxes, hair rollers, bed sheets, fragrance sets, and shower slide sandals. Nordstrom Rack provides a wide range of discounted products for college students to start their back-to-school shopping.

via E! NEWS|
#back-to-school-sale#college-essentials#dorm-decor
crime2 years ago

Retailers receive bomb threats demanding gift cards and bitcoin.

A nationwide scheme involving bomb threats and demands for gift card numbers has targeted Nordstrom Rack stores, including one in Lower Macungie Township, Pennsylvania. The caller demands gift card numbers over the phone after making the bomb threat. State police evacuated the store and determined the threat was not credible. Similar schemes have been reported at Walmart, Sam’s Club, and Meijer stores.

via lehighvalleylive.com|
#bomb-threat#crime#gift-cards
shopping2 years ago

"Score Big Savings: Top Memorial Day Deals Under $50 at Nordstrom Rack, JCPenney, Amazon, and More"

Nordstrom Rack has already started its Memorial Day sale, offering summer-ready styles for less than $50. The sale includes dresses, sandals, and accessories, with 10 items worth considering. The list includes a maxi dress, simple sandals, vintage-inspired jean shorts, a smocked dress, leather platform Pumas, scoop neck bodysuits, raffia bags, neutral heels, and a little white dress.

via Yahoo Life|
#accessories#deals#fashion
business2 years ago

Nordstrom's Rack to Rescue Sales Slump.

Nordstrom is betting on its off-price chain, Nordstrom Rack, to turn around its lagging sales and become a growth driver. The company plans to open 20 stores this year and has formed a dedicated leadership team, including some off-price veterans, to sharpen its focus on well-liked brands. Nordstrom Rack's success or failure could shape the company's future, as discretionary merchandise is under pressure due to inflation and higher costs for essentials. Nordstrom's overall sales were stagnant even before the pandemic, and the company is bracing for a sales decline this year.

via CNBC|
#business#growth-strategy#nordstrom