As retailers continue to deal with a national labor shortage, the off-price luxury destination has announced that it has increased the minimum wage for all its hourly associates in North America to $15 per hour.
Nordstrom Inc's quarterly revenue declined 6% from pre-pandemic levels, sending its shares down 7% aftermarket as investors pitted the lackluster result against strong growth at rivals Macy's and Kohl’s.
Amazon.com Inc is planning to open large physical shops in the United States that will operate like department stores, the Wall Street Journal reported on Thursday, as the e-commerce giant expands its stores footprint.
Department store chain Kohl’s Corp said on Wednesday it has reached a deal with a group of activist investors to avoid a proxy fight, agreeing to add two of the group’s nominees to its board as independent directors.
Levi Strauss & Co on Thursday raised its half-year revenue growth forecast, banking on Covid-19 vaccine rollouts to spur a return to normalcy, after the denim maker beat quarterly sales estimates on an e-commerce boost.
The Menomonee Falls, Wisconsin-based department store retailer has sent a letter to its shareholders ahead of its annual meeting in May, highlighting the progress made by its current board of directors.