Retailers are increasingly taking clearance and closeouts into their own hands, with the old ways not working as well.
News & Analysis: Nordstrom
The flood of retailers moving to open-air shopping venues is a reflection of costs and changing lifestyles, and the movement is just starting.
Nordstrom has a $5 billion-plus off-price business, yet Nordstrom stock hasn't rallied along with shares of pure-play off-price retailers over the past three months.
Retail spending is recovering more quickly than expected.
Major indexes were off their highs but still solidly higher.
Rising numbers of coronavirus cases had investors rightly worried.
Rising numbers of coronavirus cases have investors worried.
By pulling all the levers at its disposal to limit inventory, the department store chain has freed up future time and money.
An analyst raised her price target on the department store chain.
The upscale retail giant took its medicine in the first quarter, clearing out aging inventory so that it will be able to capitalize on opportunities in the quarters ahead.