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Consumers Are Spending Like It's 2019
Shoppers have shifted their spending habits in a postpandemic world, leaving retailers in the lurch. Source link
Local Malls, Stuck in 'Death Spiral,' Plunge in Value
Crystal Mall’s cut-rate sales price shows how rapidly the value of America’s regional malls has deteriorated in recent years. Source link
Macy's Launches New Brand Promising Better-Fitting Clothes
The department-store chain tackles the problem of inconsistent sizing with new private-label brand, On 34th. Source link
Retailers Set Higher Bars for Free Shipping as Delivery Costs Surge
Macy’s, Neiman Marcus and Abercrombie are among merchants raising thresholds for what shoppers must spend to get free delivery. Source link
Macy's CEO to Retire, Give Reins to Bloomingdale's Boss
The transition comes at a time of upheaval for retailers as high inflation pinches consumers and pushes up manufacturing costs. Source link