U.S. Department stores are back in fashion showing strong Q1 financial results. Brands and discounters are suddenly facing a tougher market
“We saw a notable shift back to occasion-based apparel and in-store shopping, as well as continued strength in sales of luxury goods.” – Jeff Gennette, chairman and CEO, Macy’s. Nordstrom (USA) reported net earnings reached USD 20 million for the quarter ended April 30, compared to a loss of USD 166 million a … More U.S. Department stores are back in fashion showing strong Q1 financial results. Brands and discounters are suddenly facing a tougher market