Amazon launched its third party ad service in January and Macy’s is the biggest brand yet to sign on.
A tourism trade group reports tourism was down 14% in March compared to last year.
Charge cards have become an important piece of the bottom line for department stores, including Nordstrom, Macy’s and Kohl’s.
The fluorescent lit aisles of big box stores don’t scream luxury. But for certain items, consumers just don’t care.
Selling ads on e-commerce sites is a $50 billion industry. Amazon dominates retail media, taking in about 75% of ad dollars.
In the age of globalism and online shopping, the department store’s strength — as a place for everything — has became its weakness.
Investors are reportedly offering less than $6 billion to buy the once-iconic department store chain.
Outdoor shopping centers have become more popular as consumers look for convenience.
Strong earnings from Nordstrom, Macy’s and Dollar General suggest pent-up demand and a reframing of what people consider essential spending.
Just a few years ago, the toy retailer closed its U.S. operations and laid off 30,000 workers.
