Amazon's first New York City bookstore, Amazon Books, will open on Thursday morning, marking Amazon's highest-profile move into bricks-and-mortar retail to date. CNBC visits the store to see what it's like.
Stacey Widlitz, SW Retail Advisors president, and Oliver Chen, Cowen and Company senior retail analyst, weigh in on the competition in the retail industry and what lies ahead.
Expect to see more high-brow wellness products and Southern flair at Nordstrom, Racked reports.
NEW YORK— Sears is fighting back against vendors that it says are taking advantage of the department store as it navigates a precarious financial situation. Sears CEO Eddie Lampert also blasted the vendor, One World, in a blog post. Sears Holdings' grousing with its vendor underscores the challenges ahead for the retailer.
Simeon Siegel, Nomura U.S. specialty retail equity analyst, and Michael Olson, Piper Jaffray senior research analyst, weigh in on how retail is under pressure and Amazon's dominance in the space versus other retailers.
*Oil hit a three-week high after top exporter Saudi Arabia and Russia said supply cuts needed to last into 2018, a step towards extending an OPEC- led deal to support prices for longer than originally agreed. *Wall Street slipped on Friday, ending the week lower as tepid economic data weighed on banks and worries deepened over department stores.
Allen Questrom, JCPenney former Chairman & CEO weighs in on how department stores have to compel more customers and millennials to shop.
May 12- Wall Street slipped on Friday, ending the week lower as tepid economic data weighed on banks and worries deepened over Nordstrom and other department stores. Risk-averse sentiment gripped Wall Street this week after President Donald Trump unexpectedly fired his FBI chief, the potential fallout from which could delay Trump's pro-growth goals to cut...
May 12- The S&P 500 and the Dow slipped on Friday as tepid economic data weighed on banks and worries deepened over Nordstrom and other department stores.
May 12- Wall Street fell on Friday and was on track to end the week lower as tepid economic data weighed on banks and worries deepened over Nordstrom and other department stores. A risk-off sentiment gripped Wall Street this week after President Donald Trump unexpectedly fired his FBI chief, the potential fallout from which could delay Trump's pro-growth...
Though these are trying times for many of the American retailers, but some sectors are thriving.
The retail sector is facing its worst performance since the Great Recession — an alarm for smaller shops, NBC News reports.
Brian Tunick, RBC Capital Markets managing director, and Jharonne Martis, Thomson Reuters director of research, discuss the pressures facing the retail sector.
Profits from department store credit cards — with their steep interest rates — obscure the retail industry's pain, N.Y. Times reports.
TORONTO, May 12- Shares of Hudson's Bay Co, the owner of luxury department store chain Saks Fifth Avenue, slumped more than 6 percent on Friday after the retailer reported disappointing quarterly same-store sales. After markets closed on Thursday, Toronto- based Hudson's Bay said comparable store sales in all its brands fell 2.9 percent during the first quarter...
Mike Gould, former Bloomingdale's chairman & CEO, discusses the issues facing retailers as names in the sector report disappointing quarterly earnings.
CNBC's Courtney Reagan reports the latest disappointing earnings from retail names like JCPenney and Nordstrom.
Penny's net sales dropped 3.7 percent to $2.71 billion, declining for the third straight quarter and just short of the average analyst estimate of $2.77 billion, according to Thomson Reuters I/B/E/S. Sales at clothing stores fell 0.5 percent in April, while sales at online retailers, such as Amamzon.com Inc, jumped 1.4 percent, according to data released by the...
Department stores have to reinvent themselves, says Dana Telsey, Telsey Advisors Group CEO, discussing retail's dismal quarter and what they must do to bring back consumers and remain competitive in the retail game.
Penney's net loss widened to $180 million, or 58 cents per share, in the quarter ended April 29, from $68 million, or 22 cents per share, a year earlier. Excluding items, the company earned a profit of 6 cents per share, helped by higher selling margins and lower costs of marketing and incentive compensation. Net sales fell 3.7 percent to $2.71 billion, declining for the...