Traffic in retail stores rebounded from last year but remains down compared with 2019 as consumers started holiday shopping earlier in the season and also continued their shift to online.
Nordstrom Inc.’s third-quarter earnings fell short of estimates due to higher labor costs and challenges in its off-price Rack division, whose sales fell from pre-pandemic levels.
As a consumer, it’s easy to understand the appeal of a shopping center/e-commerce marketplace, because today’s consumers expect shopping centers to be fully integrated omnichannel offerings.
