Penney and Macy’s all reported downbeat results for the third quarter recently. Nordstrom was the only chain of this quartet to post positive same-store sales growth (that is, measuring only stores open at least a year). Much of that was owing to a good sales increase, some 20 percent...
Target CEO Brian Cornell told reporters on a briefing he estimates the company won $5 billion in sales from other retailers in all categories since the pandemic started, a time that has seen 44 retailers file for bankruptcy protection and others like Macy’s close dozens of stores. The company...