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January 19, 2022

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Nordstrom reportedly hires AlixPartners to review possible Rack spinoff

CNBC
CNBC – For more and to sign up click here Nordstrom Rack in downtown Seattle Getty Images Nordstrom has tapped the consulting group AlixPartners to help it review a potential spinoff of its off-price Nordstrom Rack business, according to a report from Bloomberg. Representatives from Nordstrom and AlixPartners didn’t immediately......

Nordstrom shares tumble 18% as earnings fall short, hurt by higher labor costs, weak Nordstrom Rack sales

CNBC
CNBC – For more and to sign up click here A shopper leaves a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images Nordstrom on Tuesday reported earnings that fell short of analysts’ expectations as labor costs ate into profits and sales and its Nordstrom......

With 30-year high inflation, investors reward the retailers willing to hike prices for shoppers

CNBC
CNBC – For more and to sign up click here A shopper visits Macy’s flagship store in New York, May 20, 2021. Eduardo Munoz | Reuters A round of major retail earnings this week revealed a stark divide in the industry between the retailers that are trying to keep prices......

Stock futures are flat after Dow pulls back in regular session

CNBC
CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE), October 12, 2021. Brendan McDermid | Reuters U.S. stock futures were flat in overnight trading after the major averages pulled back, albeit close to records, on Wednesday. Dow......

Stocks making the biggest moves midday: Target, Rivian, Lucid, TJX, Visa and more

CNBC
CNBC – For more and to sign up click here A shopping cart is seen in a Target store in the Brooklyn borough of New York, U.S., November 14, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Target — The retail giant saw shares......

Kohl’s CEO says rumored Amazon department stores won’t ruin its relationship with the e-commerce giant

CNBC
CNBC – For more and to sign up click here Kohl’s Chief Executive Officer Michelle Gass Source: Kohl’s Kohl’s Chief Executive Michelle Gass said there is plenty of room for the retailer and for Amazon to operate brick-and-mortar stores. “Retail is vast, and there’s a lot of market to be......

The rally in recovery-focused stocks could depend on consumers and the Fed in the week ahead

CNBC
CNBC – For more and to sign up click here Investors bid up cyclical stocks in the past week, but the economy will have to prove that the reflation trade — a bet on economic growth — is the way to go as concerns about Covid linger. Markets are deep......

Shopping center CEO says foot traffic is back to pre-Covid levels as retail evolves

CNBC Real Estate
Foot traffic at Kimco Realty‘s shopping centers has returned to pre-pandemic levels, CEO Conor Flynn told CNBC on Thursday. “Traffic is back to 2019 levels, and we have a real playbook now that we can follow thanks to all the lessons learned through the pandemic,” Flynn said on “The Exchange.”......

Warehouse demand at unprecedented levels in cities like Savannah, real estate firm JLL says

CNBC
CNBC – For more and to sign up click here Robotic arm taking a cardboard box in a warehouse onurdongel | E+ | Getty Images As retailers’ beef up e-commerce operations and invest in faster delivery for customers, the appetite for warehouse space is rocketing higher, according to a new......

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