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Amazon's Makeover of Lord & Taylor Building Shows Challenge of Office Conversions
The tech company turned an Italian Renaissance-style building on Fifth Avenue into a modern office space. Source link
Consumers Are Spending Like It's 2019
Shoppers have shifted their spending habits in a postpandemic world, leaving retailers in the lurch. Source link
Target Sales Are Punished by Pride Month Backlash
The retailer lowered profit goals for the year, and executives said they would modify the annual Pride Month promotion. Source link
Estée Lauder's Big Bet on China Is Looking Not So Pretty
Estée Lauder’s longtime chief, Fabrizio Freda, is under pressure to show he can turn around the beauty giant’s key China and U.S. businesses. 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