Amazon rolls out TikTok-like shopping feature; Nike plans first ‘World of Flight’ Jordan concept; Lord & Taylor is latest to set up retail media network; Macy’s, Nordstrom see holiday shoppers pulling back
The creation of a digital advertising business is an attempt by one of the country’s oldest department store brands to stay relevant in the 21st century.
Consumers may be taking their time to buy thanks to this year’s calendar, but there are also signs of stress, executives said at Morgan Stanley's Consumer & Retail Conference.
The brand was exploring a sale even before the pandemic, but the current environment isn’t ideal for a bankrupt company trying to figure out next steps.
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