Nordstrom Stock Hits 52-week High at $24.04 Amid Retail Rebound
U.S. stock market anomaly | Department store stocks rise, Dillard's up more than 4%.
October 15th | Dillard's rose more than 4%, Nordstrom rose more than 3.6%, Macy's rose more than 3%, Kohl's Corp rose more than 2.3%. On the news side, a survey by Deloitte of over 4,000 respondents showed a 3% decrease in consumers' willingness to buy gifts compared to a year ago. However, shoppers indicate they will increase their total spending by 8% from October to December, with spending on experiences, decorations, and entertainment as the main driver. In addition, from Target, Macy's to the parcel delivery company UPS, various American companies plan to hire thousands of seasonal employees before the key holiday season arrives.
Rihanna Models Camouflage Lingerie From New Diesel and Savage X Fenty Collaboration at Nordstrom Launch Party
Nordstrom Head of DEI Colleen Mitchell Exits Company
Confirmed, usa's consumer downgraded!
Goldman Sachs stated that both high-income consumers and low-income consumers are shifting their consumption towards lower-tier products or services, known as "consumer downgrading".
Long High-end Retail and Short Low-end Retail Through 2024 – Wolfe Research