Retail companies are looking to stage a comeback. Jharrone Martis, Director of Consumer Research at Thomson Reuters, was with us to break down whether the companies were ready for a retail rebound.
Nordstrom initially said it was interested in going private back in the summer. Martis said the company believes in order to take business to the next level, it would have to go private. Martis, however, said that's not necessarily the case. She said the Nordstrom Rack and the Nordstrom namesake brand have online sites that have seen double digit growth over the last year. She also points to a loyal customer base.
Nordstrom is also making a big bet by opening up its first men's store in NYC. The store set to open in New York City in April, on Broadway between 57th and 58th streets. Martis sees this as a good opportunity to reinvent its in-store experience.
Martis also touched on the outlook for Gap. She said Old Navy remains the bright spot due to its value proposition for the entire family, not just children.
Box office analyst Shawn Robbins breaks down how the theater business is faring as two of 2023’s biggest movies are on their way to the Academy Awards.
Burns McKinney, portfolio manager at NFJ Investment Group, discusses how the Fed is balancing recession risks and interest rate cuts, plus whether the tech rally will broaden.
Nick Wolny, CNet editor, tells consumers about BNPL being added to credit reports – and why they may want to be more cautious about using it as an option.
Co-founders of 1953 Tequila, Shivam Mallick Shah and Lindsey Davis Stover, share how they broke into the traditionally male-dominated world of tequila production.
In case you needed yet another incentive to cram all your travel items into a carry-on, Delta Airlines has just boosted the cost of your first checked bag by 17 percent.
