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.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
