Tag: Nordstrom Inc

Work flexibility ‘here to stay’ in post-Covid world, says director at three Fortune 500 companies

Companies are monitoring the spread of the delta Covid variant as they adapt return-to-office plans and prioritize giving flexibility to employees, a board member at three Fortune 500 companies told CNBC on Friday. “I believe there’s going to continue to be hybrid offerings. … Flexibility is here to stay, especially if you want to be […]

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Nike could run out of sneakers made in Vietnam as Covid crisis worsens, S&P Global warns

File photo showing workers in a Nike factory near Ho Chi Minh City work at a production line conveyor belt, putting together Nike sports shoes. Peter Charlesworth | LightRocket | Getty Images Nike is at risk of running out of sneakers made in Vietnam as the Covid crisis worsens around the global, according to a […]

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Nordstrom buys stake in four apparel brands owned by U.K. fashion house Asos, in bid for younger shoppers

A woman is seen shopping on ASOS the online fashion store on a laptop. Dinendra Haria | SOPA Images | LightRocket | Getty Images Nordstrom said Sunday it has acquired a minority stake in four apparel brands owned by the online U.K. fashion house Asos. The brands — Topshop, Topman, Miss Selfridge and the activewear […]

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Levi earnings crush estimates, retailer raises 2021 forecast, citing strong denim sales

Levi Strauss & Co. said Thursday that shoppers are stocking up on jeans in new sizes and styles in the U.S. and China as they emerge from their homes during the pandemic. The momentum both in stores and online boosted its fiscal second-quarter earnings and revenue ahead of analysts’ expectations. Although sales were still down […]

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So long, sweatpants. Americans show signs they’re ready to get dressed up again

An employee at Anthropologie at Fashion Island greets customers at the store in Newport Beach, CA on Tuesday, May 26, 2020. Paul Bersebach | MediaNews Group | Orange County Register via Getty Images Some of us are saying “so long” to sweatpants. In the final week of February, seven of the top 10 selling items […]

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How much I overpaid by living off bitcoin for a week

Four years ago, I attempted to live off bitcoin for a week and failed. It was too hard to find businesses that would accept it as a form of payment. Bitcoin was trading in the $2,500 range at the time in 2017. Later that year, it soared to a then-record high of nearly $20,000. In […]

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Kohl’s says it added 2 million new customers in 2020, thanks to Amazon

Amazon.com Inc. parking signage stands outside a Kohl’s Corp. department store in Huntington Beach, California, U.S., on Saturday, May 11, 2019. Kyle Grillot | Bloomberg | Getty Images Kohl’s said it added at least 2 million new customers last year thanks to an unlikely friend that it has found in Amazon. “While details of the […]

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Cramer’s week ahead: February jobs report could trigger a ‘tsunami of selling’

CNBC’s Jim Cramer said that he was encouraged by the trading activity he saw in tech and growth stocks as the market on Friday continued to grapple with fears that inflation is on the rise. He warned, however, that investors should be prepared for how the market may respond to the February labor report set […]

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