Nordstrom Q3 earnings top expectations; digital surges to 54% of total salesNordstrom reported third-quarter earnings that bested analysts forecasts, helped by strong growth online. CPG: ‘Big six’ retailers up 18.5% combined, pointing to record holiday salesCustomer Growth Partners has updated its holiday forecast to a 5.8% year-over-year growth, to a record $749 billion. Foot Locker expands ‘power store’ concept to Canada Foot Locker is adding two new locations for its community-based “power” store format. Global fashion retailer personalizes online shopping with AWS Germany-based Zalando is running its machine learning workloads on Amazon Web Services (AWS) to reduce time-to-market of new online customer experience features. Retailers jump on ‘buy now, pay later’ trend as holidays approach Leading retail chains including Neiman Marcus, Saks Off 5th, GameStop, and Express are adopting various omnichannel flex payment platforms. Best Buy exec joins Gap Inc. in newly created leadership position Gap Inc. has made two additions to its senior team, naming its first-ever chief growth officer and a new CEO for Banana Republic. Gap earnings falls short but ‘optimistic’ about Q4; online sales up 61% Gap Inc. reported third-quarter earnings that just missed Wall Street expectations amid strong performances from both Old Navy and Athleta. Dick’s Sporting Goods to launch new retail concept Dick’s Sporting Goods is going all-in on the outdoors and CEO Ed Stack is leading the charge. Abercrombie to close more flagships; posts better-than-expected Q3 Abercrombie & Fitch easily topped Wall Street estimates for quarterly sales and earnings amid cost controls and strong online demand. J. Crew Group’s CEO departs; successor named J. Crew Group has promoted a company veteran to its top post. First Previous 390 391 392 393 394 Next Last
