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April 14, 2021

Nordstrom Inc

Crumpled clothes and bare shelves: As retailers like Walmart, Macy’s woo customers back, some have to clean up shop

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CNBC – For more and to sign up click here A man shops for clothes in Macy’s department store in Herald Square, New York. Trevor Collens | AFP | Getty Images Crumpled piles of clothes. Unpacked boxes of inventory. Half-empty shelves. And employees rushing through aisles to grab items for......

Rent is cheap, vacant space is everywhere: Retailers seize the moment to open stores

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CNBC – For more and to sign up click here The athletic apparel retailer Fabletics is planning to open two dozen stores in the U.S. this year, bringing its total to 74. Source: Fabletics For the first time in years, retailers across the country are planning to open more stores......

High-end retail stocks are showing signs of more upside, Jim Cramer says

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CNBC – For more and to sign up click here Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on March 20, 2020. Gabby Jones | Bloomberg | Getty Images High-end retail stocks have made strong gains in recent months, and recent trading......

Dick’s Sporting Goods is launching its own men’s athleisure line, rivaling Lululemon

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CNBC – For more and to sign up click here VRST is debuting Tuesday on both Dick’s Sporting Goods’ website and a standalone VRST.com, and will be rolled out to more than 400 Dick’s Sporting Goods locations across the country in the coming weeks. Source: Dick’s Sporting Goods Dick’s Sporting......

Covid changed how we think of offices. Now companies want them to work as hard as they do

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The Recreational Equipment Inc. (REI) headquarters stands in Kent, Washington, U.S., on Wednesday, March 4, 2020. Chona Kasinger | Bloomberg | Getty Images Last August, REI listed its newly built corporate headquarters in Bellevue, Washington, for sale without ever even moving into the building. It marked a stunning reversal. In......

Nordstrom shares fall as shipping delays boost retailer’s inventory heading into 2021

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CNBC – For more and to sign up click here The Nordstrom sign is seen on the front of the company’s flagship store in Seattle. The luxury retailer is expected to report its first quarter earnings soon. Due to the COVID-19 pandemic, many of the company’s locations are closed. Toby......

How much I overpaid by living off bitcoin for a week

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CNBC – For more and to sign up click here Four years ago, I attempted to live off bitcoin for a week and failed. It was too hard to find businesses that would accept it as a form of payment. Bitcoin was trading in the $2,500 range at the time......

Kohl’s says it has no plans to sell more real estate and lease it back. Here’s why

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CNBC – For more and to sign up click here A view outside a Kohl’s store in Miramar, Florida. Johnny Louis | Getty Images Kohl’s said Tuesday that it isn’t planning to sell any of its real estate to then lease back, despite a group of activists pressuring the company......

Kohl’s shares rise after retailer posts better-than-expected earnings, sees sales growth in 2021

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CNBC – For more and to sign up click here Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s on Tuesday reported fourth-quarter earnings and sales that topped analysts’ estimates, and pointed to stronger growth in......

At-home fitness company Tonal to open shops within 40 Nordstrom stores

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CNBC – For more and to sign up click here Nordstrom will be opening 40 mini Tonal shops inside its stores, beginning in March 2021. Source: Nordstrom PR Nordstrom is searching for ways to grow its active business, while it also adds more merchandise to its stores beyond dresses, shoes,......

Cramer’s week ahead: February jobs report could trigger a ‘tsunami of selling’

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CNBC – For more and to sign up click here CNBC’s Jim Cramer said that he was encouraged by the trading activity he saw in tech and growth stocks as the market on Friday continued to grapple with fears that inflation is on the rise. He warned, however, that investors......

Rising interest rates may continue to test the stock market in the week ahead

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CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange The tug-of-war between stocks and rising bond yields could set the tone for the coming week, particularly if positive economic data continues to push......

Kohl’s shares soar as activist investor group looks to add 9 directors to board

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CNBC – For more and to sign up click here Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s shares soared more than 9% in premarket trading Monday after a group of activist investors confirmed it......

Fashion brands see sales rebounding—eventually. Europe’s murky outlook could snag growth

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CNBC – For more and to sign up click here A person walks into the Nordstrom store open for business as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 29, 2020 in New York, New York. Rob Kim |......

Nordstrom shares tumble as 2021 sales outlook disappoints, retailer sees bigger shift to Rack

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CNBC – For more and to sign up click here A pedestrian and cyclist wear facemasks outside a branch of department store chain Nordstrom in Santa Monica, California on May 11, 2020. Frederic J. Brown | AFP | Getty Images Nordstrom shares tumbled Thursday as the department store chain delivered......

For Neiman, Saks, Nordstrom the retail battle is getting more personal

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CNBC – For more and to sign up click here As department stores like Saks Fifth Avenue try to get shoppers back into stores after the Covid-19 pandemic shutdowns, the shift to online sales may continue to accelerate thanks to personalization technology. Richard Lautens | Toronto Star | Getty Images......

America’s top-tier malls were resilient, but values are now crumbling, down 45% from 2016 levels, Green Street says

CNBC Real Estate
A visitor looks down an empty hallway at The Fashion Mall at Keystone, Wednesday, March 18, 2020, in Indianapolis. Simon Property Group, the largest owner of shopping malls in the nation, is closing all of its malls and retail properties because of the coronavirus outbreak. Darron Cummings | AP When......

Mania in stocks like GameStop, surging options activity suggest a market pullback is coming

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CNBC – For more and to sign up click here Patrick T. Fallon | Bloomberg | Getty Images Speculative trading in some high momentum stocks and options could be signaling a near-term top, but the bull market is likely to run on for some time, stoked by prospects of an......

American Eagle sees holiday-quarter sales dropping low-single digits amid weak mall traffic

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CNBC – For more and to sign up click here A shopper wearing a protective mask walks past a sale sign at an American Eagle Outfitters Inc. clothing store at Westfield San Francisco Centre in San Francisco, California, U.S., on Thursday, June 18, 2020. Michael Short | Bloomberg | Getty......

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