Tag: Department store operators

Nordstrom shares fall as shipping delays boost retailer’s inventory heading into 2021

A Nordstrom store in Irvine, California.Scott Mlyn | CNBCNordstrom on Tuesday reported fourth-quarter sales and earnings that topped analysts' estimates, thanks to stronger shopper...

CEO of America’s biggest mall owner says some retailers are excited for growth opportunities in 2021

Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania.Jennah Moon | Bloomberg | Getty ImagesSimon Property Group, the biggest mall...

Belk’s top lenders, including KKR, looking to avoid taking department store through bankruptcy, WSJ says

Belk department storeJohn Greim | LightRocket | Getty ImagesKKR, Blackstone and other major lenders to Belk are in talks with the North Carolina-based department...

Black Friday weekend shopping and spending drop as season starts early, trade group says

A person wears a face mask while carrying shopping bags in Columbus Circle on November 28, 2020 in New York City.Noam Galai | Getty...

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