Cyber Monday Spending Surge, Allbirds on Amazon, Nordstrom's Profit, and Nuuly's Success
In today's "Retail Daily Minute," we cover four pivotal retail stories. Cyber Monday is off to a blazing start, with record-breaking spending projected to reach between $12 billion and $12.4 billion. Allbirds takes a strategic step by selling select products on Amazon to expand its reach, though it faces challenges amid a 21% revenue decline. Nordstrom reports a Q3 profit that exceeds expectations, despite a 6.8% sales drop, highlighting its focus on agility and customer service. Lastly, Urban Outfitters' rental and resale business, Nuuly, experiences remarkable growth, driven by an 86% sales increase and a unique approach to expanding the rental market. Stay updated on these retail trends and more! 🛒💻📈 #RetailNews #CyberMonday #Allbirds #Nordstrom #Nuuly
