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Top related persons:
Nordstrom - 4 Peter Nordstrom - 4 Michael O'Sullivan - 1 O'Sullivan - 1 Tom Kingsbury - 1 Rick Gomez - 1 Ernie Herrman - 1 John Rainey - 1
Top related locs:
Burlington Kohl's South Dakota Chicago , Illinois Seattle Mexican El Puerto U.S
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Retailers - 2 Walmart - 2 Nordstrom - 2 Apparel - 1 Dick's Sporting Goods - 1 NOAA - 1 CNN - 1 Target - 1

Search resuls for: "Peter Nordstrom"


7 mentions found


☆ Warmer-than-expected fall weather is hurting retailers that sell coats and boots
  + stars: | 2024-12-01 | by ( Dominick Reuter | ) www.businessinsider.com   time to read: +3 min
The trend follows last year's weirdly warm winter, which posed its own challenges for retailers. With the holidays just around the corner, it looks like the milder fall weather took a toll on retailers. Apparel retailers mentioned the unseasonably warm temperatures during their recent earnings calls, saying the late start to colder weather has impacted their third-quarter results. Advertisement"At Burlington, we are particularly sensitive to warmer weather," CEO Michael O'Sullivan said. AdvertisementThe trend follows last year's weirdly warm winter, which was the warmest "meteorological winter" on record, according to NOAA.
Persons: Nordstrom, Michael O'Sullivan, O'Sullivan, Peter Nordstrom, Tom Kingsbury, Rick Gomez, Ernie Herrman Organizations: Apparel, Dick's Sporting Goods, NOAA, CNN, Target, Federal Reserve Locations: Burlington, Kohl's, South Dakota
☆ Store-brand stuff is having a moment
  + stars: | 2024-11-29 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +4 min
AdvertisementShoppers are still buying store brands at the grocery store and beyond to save money. Retailers from Walmart to Amazon Fresh have launched new store brands this year. Shoppers are still reaching for store-brand items to save money on everything from organic milk to business casual clothing — even as inflation slows. AdvertisementCircana said store brands made up 25.5% of grocery items sold in 2023, up from 24.7% the previous year. AdvertisementAldi quality tests 35,000 products a year for its store brands, Patton said.
Persons: John Rainey, Target, Nordstrom, Nordstrom's, Peter Nordstrom, Circana, Scott Patton, Patton Organizations: Private, Retailers, Walmart, Amazon, Shoppers, Unilever, Procter, Gamble, Saver, Nordstrom, Aldi, Aldi USA
☆ Nordstrom tops Wall Street’s earnings expectations, as shoppers buy more clothes and shoes
  + stars: | 2024-11-26 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +4 min
Nordstrom on Tuesday beat Wall Street's quarterly sales expectations, as revenue grew about 4% year over year from shoppers buying clothing, shoes and activewear at both the company's namesake department store and its off-price chain. Compared with the second quarter, women's apparel, shoes and men's apparel sales in the fiscal third quarter also grew sequentially. Comparable sales increased 4% across Nordstrom's two brands, its namesake and its off-price chain, Nordstrom Rack. That easily topped analysts' expectations for 0.7% gains in comparable sales, according to StreetAccount. Nordstrom's sales growth, while modest, is notable at a time when sales of discretionary merchandise and the luxury category have been under pressure.
Persons: Nordstrom, Erik Nordstorm, we're, we'll, we've, Erik Nordstrom, Peter Nordstrom Organizations: LSEG, Nordstrom, Retailers, Walmart, El Puerto de Liverpool Locations: Chicago , Illinois, Seattle, Mexican, El Puerto
☆ U.S. consumer outlook dims as upscale retailers, discounters slash forecasts
  + stars: | 2023-06-01 | by ( Aishwarya Venugopal | ) www.reuters.com   time to read: +3 min
Broadly, U.S. consumer spending trends showed resilience in the face of high inflation, but big-ticket purchases suffered. Upscale retailer Macy's said the U.S. consumer pulled back more than anticipated and slashed its annual sales and profit forecasts for the year. Macy's and lingerie brand Victoria's Secret & Co (VSCO.N) are resorting to more discounts to clear out excess inventory. "Our business in North America became increasingly more challenging," Victoria's Secret CEO Martin Waters said during a post earnings call on Thursday. The pinch from slowing consumer spending was not just limited to high-end retailers.
Persons: Macy's, Hogan, Martin Waters, they're, Nordstrom, Peter Nordstrom, Dr Martens, Arun Sundaram, Aishwarya Venugopal, Savyata Mishra, Shinjini Organizations: U.S, Goods, Riley, Nordstrom Inc, Discount, CFRA Research, Thomson Locations: U.S, North America, United States, Bengaluru
☆ Nordstrom stock surges after report says activist investor Ryan Cohen bought a stake
  + stars: | 2023-02-03 | by ( Mike Calia | ) www.cnbc.com   time to read: +2 min
Shares of Nordstrom surged Friday morning following news that activist investor and meme stock maven Ryan Cohen bought a stake in the high-end department store company. The Journal said Cohen is now one of Nordstrom's top five nonfamily shareholders. Cohen, who founded pet retail and health site Chewy , is considered a champion of the meme stock crowd. He also triggered a brief rally in Bed Bath & Beyond last year before he ultimately dumped out of the stock. Bed Bath is expected to file for bankruptcy protection any day now.
☆ Walmart CEO says prices for toys and sporting goods are coming down
  + stars: | 2022-12-06 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Rob Wile | ) www.nbcnews.com   time to read: +1 min
Even as inflation persists, there are some bright spots where high prices are easing, Walmart's CEO said Tuesday. Toys, clothing, and sports equipment categories are all seeing prices come down, Doug McMillon told CNBC. “In toys, sporting goods, apparel, and categories like that, prices have come down more aggressively,” McMillon said in the interview. The categories are all ones in which big-box retailers placed large backlogs of orders as the pandemic set in. In the same interview on Tuesday, Walmart's McMillon warned that some grocery prices are still rising, including chicken and some dry goods.
☆ Nordstrom adopts 'poison pill' days after Mexican peer buys stake
  + stars: | 2022-09-20 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterA Nordstrom store is pictured in New York, U.S., March 1, 2021. Last week, Mexican department store chain Liverpool (LIVEPOLC1.MX) disclosed a 9.9% passive stake in Nordstrom, in a bid to diversify its geographic foothold. read moreRegister now for FREE unlimited access to Reuters.com RegisterLiverpool is currently the second-biggest shareholder, behind former Chairman Bruce Nordstrom, according to Refinitiv. Other members of Nordstrom's founding family, including Chief Executive Officer Erik Nordstrom and President Peter Nordstrom, are also among its top shareholders. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Deborah Sophia in Bengaluru; Editing by Shounak Dasgupta and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
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