May 06, 2:43 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Adam Levine-Weinberg 05/05/19 AT 11:50 PM 2019 is set to be a big year for Nordstrom (NYSE:JWN). Seven years after announcing that it had found a location for a flagship store in Manhattan -- its first full-line store in New York City proper -- Nordstrom will finally open its highly anticipated main store this fall. A smaller men's store opened a block away last spring.However, Nordstrom isn't pinning all of its hopes for growth in New York City on a single store. The upscale retailer recently announced that it will copy a strategy it has been implementing with great success in Los Angeles, its largest market, by opening two small service hubs elsewhere in Manhattan later this year.Going small to gain market shareFor many years, department stores have struggled to grow sales and protect their margins in the face of declining mall traffic. … [Read more...] about Nordstrom Local Service Hubs Are Coming To NYC
Nordstrom half yearly sale
More than a dozen national retailers will open their doors early for Black Friday, kicking off sales on Thanksgiving Day. At the same time, the list of brick-and-mortar stores that will remain closed for the holiday is growing, and lately stands at nearly 100 national and regional retailers, according to BestBlackFriday.com. The push for earlier Black Friday sales comes as consumers increasingly snub brick-and-mortar retailers in favor of online rivals such as Amazon. Yet many stores still count on a surge in sales during the annual shopping extravaganza. Those dynamics are putting pressure on retailers to offer more holiday "doorbusters" -- or low prices on high-demand products like computers or home appliances -- and to stay open on Thanksgiving. Walmart plans to kick off its Black Friday event on Thanksgiving day at 4 p.m., when it will throw what it describes as its first-ever "Light Up Black Friday" party for customers. Store workers are expected to give away 4 … [Read more...] about Which stores are staying open on Thanksgiving Day
Anne D'innocenzio, Ap Retail Writer Updated 9:47 am PST, Wednesday, November 21, 2018 In this Friday, Nov. 16, 2018, photo a display shows two large Lego toys on a slide near the toy section at a Target store in Bridgewater, N.J. Companies from Target to online mattress company Casper aren’t just counting on a stronger economy to pump up sales. Target’s CEO Brian Cornell estimated last month there’s up to $100 billion in market share for grabs, double what he foresaw just a year ago. So Target is accelerating its store remodels in areas where bankrupt retailers had stores. less In this Friday, Nov. 16, 2018, photo a display shows two large Lego toys on a slide near the toy section at a Target store in Bridgewater, N.J. Companies from Target to online mattress company Casper aren’t ... more Photo: Julio Cortez, AP … [Read more...] about Retailers aim to pick up business from defunct, dying rivals
DONALD Trump has described his daughter as "dynamite" and given her a key role in the White House. Here's what we know about the model, mother, businesswoman - and her thoughts on becoming the next US Ambassador to the UN. Who is Ivanka Trump? Ivanka Trump is the daughter of Donald and his first wife Ivana - who divorced when she was nine years old. The businesswoman, former reality TV personality and fashion model grew up in the penthouse apartment of Manhattan’s Trump Tower - her bedroom commanding a view of Central Park. She has two brothers, Donald Jr and Eric, half-sister Tiffany and half-brother Barron. She married another multi-millionaire property tycoon, Jared Kushner in 2009 after converting to his religion of Judaism. Together they have three children Arabella, five, Joseph, three, and seven-month-old Theodore. Ivanka attended Georgetown University and the University of Pennsylvania, and came away with a bachelor's degree in economics in 2004. She speaks … [Read more...] about How old is Ivanka Trump, what’s her net worth, who is her husband Jared Kushner and what’s her role at the White House?
(Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.1/A (BREXIT) RECKONING Prime Minister Theresa May's long-awaited Brexit deal triggered a wave of ministerial resignations that has rocked her government and financial markets and raised chances of a snap election. gi The pound took the hardest beating. Traders who had hung back from big sterling bets for much of 2018 rushed to sell it, fuelling its biggest daily drop against the euro since 2016. Gilt yields tumbled too and the FTSE index, which usually rises when sterling falls, lost that inverse correlation and closed flat after Thursday's mayhem. One-month implied volatility on sterling -- basically a gauge of how much traders expect it to swing in a given period -- has climbed to over 15 percent. Not only is that double the volatility of the euro and almost triple yen and Swiss franc levels, it has now entered territory reserved … [Read more...] about Take Five: Black Friday shoppers to Brexit wreckage, world markets themes for the week ahead