Latest Nordstrom Inc News

FILE - In this Nov. 29, 2019, file photo, man carries shopping bags across the street from a Macy's store in San Francisco. Macy's says it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling department store tries to reinvent itself in the age of online shopping. The moves announced Tuesday, Feb. 4, 2020, come ahead of Macy's annual investor meeting where CEO Jeff Gennette is expected to unveil a three-year reinvention plan. (AP Photo/Jeff Chiu, File)

Macy's to close 125 stores, shed 2,000 corporate jobs

Feb. 4, 2020 7:03 PM EST

NEW YORK (AP) — Macy's said Tuesday it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling department store tries to reinvent itself in the age of online shopping. The store closures represent about one fifth of Macy's current total. They include about 30 that...

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Dec. 27, 2019. Asian stocks followed Wall Street higher on Friday amid optimism U.S.-Chinese trade relations are improving. (AP Photo/Ahn Young-joon)

Global stocks mixed, Wall Street rises amid trade optimism

Dec. 27, 2019 3:43 AM EST

BEIJING (AP) — Global stock markets were mixed Friday after Wall Street rose amid optimism that U.S.-Chinese trade relations are improving. Frankfurt, Paris and Hong Kong gained in early trading. London and Shanghai were unchanged and Tokyo declined. Investors welcomed U.S. President Donald Trump's comment...

In this Tuesday, Nov. 26, 2019, photo shows customers shopping in the shoe department at the Nordstrom NYC Flagship in New York.

Champagne and shoes: Luxury stores adapt to changing shopper

Dec. 23, 2019 11:58 AM EST

NEW YORK (AP) — To get that monogram tote bag by Louis Vuitton or leather Flashtrek sneakers by Gucci, the go-to place had been luxury department stores. Not anymore. Now, there are far more options to access exclusive labels. You can buy them at online sites like Netaporter. Or get them barely used...