Will Macy’s, Nordstrom Merchandise Overhauls Lure Shoppers?
August 22, 2023
Macy’s and Nordstrom are set to release their quarterly results this week, providing insights into whether their new strategies involving revamped inventory and lower prices are attracting shoppers. Macy’s has been focusing on its private brands, with the recent launch of the On 34th label, while Nordstrom aims to revive its struggling off-price Rack business by emphasizing 100 “strategic” brands. Both retailers are dealing with challenges in women’s apparel as value retailers like Walmart and Amazon gain market share, and they are adapting their offerings to appeal to changing consumer preferences.
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