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Costco, Nordstrom And Abercrombie Results Showcase Retail Fortunes Across Three Verticals

Retail TouchPoints

Nordstrom, like many other department stores, had a much weaker quarter: overall sales fell 40% , with full-price locations dropping 36% and the off-price division declining 45%. The declines were attributed to store closures, though the retailer has reopened about 40%.

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Harrolds exits Pacific Fair after rent negotiations fall through

Inside Retail

The menswear and womenswear store, situated across two levels, was launched in 2016. “We Unfortunately, we have been unable to come to an agreement with AMP Capital and we will exit the Pacific Fair centre.”.

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Target, Macy’s and Dollar Tree Prep for a Tough Year Despite Holiday Success

Retail TouchPoints

As we look to 2023 and beyond, we believe our five growth vectors, which include our private brands reimagination, off-mall expansion, online marketplace, luxury brands acceleration and personalized offers and communication will further solidify our modern department store positioning.”

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What US mall operators can learn from their global peers

Inside Retail

The good news is that with revenues not going anywhere, operating expenses declined materially and underpinned an increase in operating income. He also anticipates that a number of the departing rue21 tenancies will return under the retailer’s new ownership.

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Chewy’s sales jump despite challenging economic environment

Retail Dive

and its total operating expenses increased about 7.3% You can unsubscribe at anytime. Dive Brief: Focused on expanding loyalty services and its sponsored ad business, Chewy’s first quarter net sales increased 8.3% year over year to $3.1 billion, according to a company press release Wednesday. billion to $3.09 TechTarget, Inc.s