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For the First Time, LL Bean to Sell Its Products in US Chain Stores
L.L. Bean is expanding from its original model of direct-to-customer catalog sales and in-stores sales with an agreement to sell products in Nordstrom, Staples and sporting goods chain SCHEELS. The company’s first wholesale agreements in the U.S. represent a push to get L.L. Bean products in front of more consumers. The Maine-based retailer believes its products are underrepresented in...
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Department Stores Had an Insane Week. Here's Everything That Happened
It was another onslaught of bad news from America’s department store chains this week. And that likely will not be letting up anytime soon. Luxury chain Neiman Marcus filed for Chapter 11 bankruptcy protection, while Lord & Taylor is reportedly looking to liquidate its stores as soon as they are able to reopen again. Nordstrom said it is permanently closing 16...
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Mass. Targets Dozens of Businesses Over Alleged Coronavirus Violations
The Baker administration has hit more than 60 businesses with cease-and-desist orders in recent weeks for allegedly violating restrictions related to Covid-19, including big-name retailers like Hobby Lobby Stores Inc., Nordstrom Inc. and Williams-Sonoma Inc. In most instances, the firms had failed to close their brick-and-mortar locations even though they were not performing what the state considers to be essential…
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US Companies Pitching in to Help First Responders
Fashion lines, car manufacturers and airlines, among other industries, are summoning their resources to help with the medical response to the coronavirus pandemic. They’re manufacturing masks and ventilators — with some even delivering food to first responders.
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Gap Is the Latest Retailer to Get Into Resale to Try to Fix Its Business
Gap is the latest retailer to dip its toes into the secondhand apparel market, following the lead of Macy’s, Nordstrom and others, in a bid to stay relevant in an industry shaken by changing consumer tastes.
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Holiday Shopping Started in July This Year, Thanks to Amazon
If someone asked you when the holiday shopping season starts, you’d likely point to Black Friday, when flocks of people swarm stores after a hearty turkey dinner to pick through the hottest deals. But for more people in 2019, holiday shopping started in July. Why? Amazon. Amazon’s annual Prime Day extravaganza has “become a real part of the changing holiday...
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Grand Nordstrom NYC Flagship Finally Opens Thursday
The grand opening of Nordstrom’s lavish New York City flagship was met with lines that spanned around the block — and the opening was indeed grand as the new department store location spans more than 300,000 square feet!
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NYC's Central Park Tower Set to Be World's Tallest Residential Building, With Apartments Listed Up to $63 Million
A New York City condominium tower will be the world’s tallest predominantly residential building when it opens next year, though it will be competing with other ultra-luxury buildings for billionaire buyers
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Target Set to Roll Out Its Revamped Loyalty Program Nationwide
Target said Monday it will be taking its recently revamped loyalty program, called Target Circle, nationwide beginning Oct. 6. CNBC had reported back in February that Target was piloting the program, which includes new perks like a birthday reward, in five markets – including in Charlotte, North Carolina, and in Phoenix. Prior to that, Target Circle was being tested more...
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Luxury Store Barneys Files Bankruptcy Protection, Closes Most Stores
Barneys New York is joining the ever lengthening list of retail stores seeking protection in bankruptcy.
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Sikhs Say Nordstrom Apologized for Turban, Waiting for Gucci
Nordstrom has apologized to Sikhs for selling a turban they found offensive, but a representative with the U.S. community’s top civil rights organization said Saturday they are still waiting to hear from the Gucci brand that designed it. “We feel that companies are commodifying and capitalizing on something that is dear and sacred to people around the world,” said Simran...
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JC Penney Closes More Stores After a Weak Holiday Season
J.C. Penney is closing more stores following weak holiday sales season for the retailer. Net income tumbled nearly 70 percent, and a key measure for health dropped 4 percent in the fourth-quarter, the most crucial period of the year for retailers who bank on strong holiday sales.
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Where the Investigations Related to President Trump Stand
Here is a look at where investigations related to President Donald Trump stand and what may lie ahead for him.
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Department Stores Are ‘Fighting for Their Lives,' Says Ex-Target Exec Gerald Storch
Macy’s disappointing holiday sales are less about the consumer and more about department stores’ relevance these days, former retail CEO and Target executive Gerald Storch told CNBC on Thursday. Macy’s reported weak holiday sales and cut its 2018 earnings outlook on Thursday morning, sending its shares and others tumbling. “Traditional department stores are fighting for their lives in an Amazon...
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Gift Ideas for The Women in Your Life: Holiday Presents for Moms, Sisters and More
Wondering what to get for the most important women in your life? We’re here to help! We found fun, cozy, cool and affordable gift ideas for women so you can impress your moms, sisters, significant others, best friends and pretty much any other women this holiday season.
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Holiday Gift Ideas For Every Amazing Guy In Your Life
The season of gift giving is just around the corner. Though it can be a stressful time of year, the fun of tracking down gifts that delight the ones we love always seems to be worth it in the end. The thing is: Men can be hard to shop for. Most of us have, at some point, asked a guy...
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These Retailers Will Be Closed on Thanksgiving
Retailers are rolling out their plans for the holiday shopping season, including when they’ll be opening doors for shoppers. Though holiday deals seem to be creeping earlier and earlier ahead of Black Friday — turning the entire week into a shopping extravaganza — many stores are staying closed on Thanksgiving to let workers spend the day with their families. The...
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Shoppers Are in the Mood to Spend. Here's Why
The store isn’t dead for Home Depot, Kohl’s, Best Buy or Target. Many traditional chains have posted strong sales, both online and at stores, as people are in a mood to spend. What’s driving it? A booming economy and companies’ own efforts to try to Amazon-proof their businesses. That means making their stores more pleasant, updating their websites and speeding...
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6 in 10 Americans Say Racism Remains Major Problem: Poll
Sixty-four percent of Americans believe racism is still a major problem in our society while 30 percent said racism exists today but isn’t a major problem, according to a new NBC News|SurveyMonkey poll. The poll coincides with the airing on Tuesday night of an MSNBC town hall called “Everyday Racism in America” on racial bias in the country. It was...
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Starbucks Closes 8,000 Shops Tuesday for Anti-Bias Training
Turning away customers looking for an afternoon jolt of caffeine, Starbucks shops across the U.S. closed up early on Tuesday to hold training for employees on recognizing hidden prejudices.