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Search resuls for: "Westfield Topanga"


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]Shoppers exit the Nordstrom at the Westfield Topanga mall on August 14, 2023. Nordstrom shares jumped more than 10% on Tuesday following a report that the department store chain is attempting to go private. Morgan Stanley declined to comment. A previous effort to take Nordstrom private fizzled out in 2018. Nordstrom said it expects full-year revenue to range from a 2% decline to a 1% increase from 2023.
Persons: Morgan Stanley, Nordstrom, Tuesday's, Nordstrom didn't Organizations: Westfield, Nordstrom, Centerview Partners, Reuters Locations: Westfield Topanga
New York CNN —Dick’s Sporting Goods warned Tuesday that retail theft is damaging its business and would lead to lower annual profits. Retail “shrink” is a term that refers to merchandise that goes missing due to theft, fraud, damage, accounting errors or other reasons. The retailer reported a large number of incidents of shoplifting and organized retail crime in its stores nationwide. Need and opportunity become forceful catalysts for driving up incidents of retail crime, experts said. According to the National Retail Federation, the industry’s biggest trade group, large-scale store theft is becoming a bigger part of retail shrink.
Persons: Lauren Hobart, can’t, , Read Hayes, criminologist, Gucci, Organizations: New, New York CNN —, Goods, Walgreens, University of Florida, Prevention Research Council, Walmart, Target, National Retail Federation, eBay, Facebook, Westfield, Westfield Topanga Shopping, Nordstrom, FBI, New York Police Department, New York State, Police Locations: New York, Pittsburgh, Los Angeles, Chicago, Westfield Topanga, Burbank , Glendale, Beverly Hills, Santa Monica, New York City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRaw video captures dozens of thieves swarming Nordstrom department store in Los AngelesDozens of people swarmed a Nordstrom store at the Westfield Topanga Mall in Los Angeles, stealing tens of thousands of dollars in merchandise and leaving in getaway cars before police arrived.
Persons: Nordstrom Organizations: Westfield Locations: Los Angeles, Westfield Topanga
Inditex is planning to open at least 10 new Zara stores across the US by 2025. At least a dozen other Zara locations will be revamped or enlarged, the retailer said. "This is a market in which for every $100 of fashion sold, we take less than $0.50 of that," García Maceiras said. Foot traffic is up at Zara stores around the world, and Inditex reported a 23% jump in store sales in 2022 across its portfolio of brands, which includes Zara, Bershka, and Massimo Dutti. Inditex plans to invest 1.6 billion euros, about $1.7 billion, in expanding its stores and warehouses worldwide, including a new Zara store on Paris' Champs Elysées, and at least 10 new locations across the US.
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