Listen "Cyber Monday Spending Surge, Allbirds on Amazon, Nordstrom's Profit, and Nuuly's Success"
Episode Synopsis
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
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