Nordstrom Rack, looking to advance it’s Closer to You strategy, is adding three new merchandising and supply chain executives after its parent company closed out a strong fourth quarter. Parent Nordstrom named Nancy Mair, senior vice president, Rack...
With continued consumer demand for value merchandise unabated and relative financial strength among major companies, few doubted that off-price retailers would make a rapid comeback from closures related to the COVID-19 pandemic. But that doesn’t mean they don’t face...
Wayfair will go the brick-and-mortar route again with three stores featuring its specialty brands AllModern and Joss & Main, each located in its home state of Massachusetts and featuring furniture, home furnishings and housewares. AllModern will open its first...
Freight and supply chain pressures hit the bottom line at Burlington Stores in its third quarter ended October 30 despite a double-digit comparable sales gain. Third-quarter net income was $13.6 million, or 20 cents per diluted share, versus $8 million, or 12 cents...
For the second quarter, Burlington Stores beat Wall Street estimates based on strength across merchandising categories and sales regions. Burlington posted a net income of $102.6 million, or $1.50 a diluted share, for the second quarter versus a loss of $46.8 million,...
