Nordstrom's new store, located a few blocks from Central Park, marks the 118-year-old company's first flagship offering in the nation's biggest retail market and aims to reboot a format that has been fading.
With holiday shoppers already making purchases and an increasing number of consumers expected to shop on Thanksgiving, analysts are predicting that this year’s Black Friday won’t have quite the same clout.
The U.S. holiday shopping period may heighten Wall Street's perception of a growing divide between retailers adapting to online sales and those unable to shake their reliance on dwindling shopping mall traffic.
Walmart became the latest company to point to a strong U.S. consumer, adding to a raft of firms in recent weeks citing healthy demand at a time when spending is seen as an increasingly key support for the economy.
Holiday shopping is on everyone’s mind and Gen X and Baby Boomers are expected to spend the most this season, according to insights from the 2019 Holiday Purchase Intentions Survey published by The NPD Group.
Alibaba Group Holding on Monday said sales for its annual Singles’ Day shopping blitz hit 158.31 billion yuan ($22.63 billion) in its first nine hours, up 25% from 126.72 billion yuan at the same point last year.