Nordstrom Inc reported a bigger-than-expected loss on Tuesday, as the COVID-19 pandemic shut its stores for about half of the reported quarter and consumers stayed home with little need for designer clothes.
Target on Wednesday reported its best quarterly comp sales growth and online revenue that nearly tripled as customers took advantage of the retailer’s quick and contact-free delivery to shop for clothes and home decor.
The Retail Industry Leaders Association (RILA), whose members include companies such as Walmart and Target, said Friday it has joined a dozen+ trade groups to form a coalition to fight counterfeits on online platforms.
The owner of Calvin Klein and Tommy Hilfiger has released its annual corporate responsibility report, emphasizing transparency and disclosure, and detailing the its progress with its sustainability and diversity goals.
Amazon is pulling Washington Redskins merchandise from its website, with sellers given 48 hours to review and remove any products flagged by the e-commerce giant, according to a note sent to sellers by the company.