Nordstrom Surges, Macy's Keeps Suffering

The video discusses Nordstrom's positive financial performance, with its EPS exceeding expectations and stock surging by 9.6%. In contrast, Macy's faces challenges, including a cut in its profit outlook and struggles with underperforming locations in lower-tier malls. The discussion highlights Macy's strategic issues, such as its real estate focus and declining e-commerce growth compared to competitors like Target and Walmart. Despite efforts to innovate and prepare for the holiday season, Macy's continues to face significant challenges in maintaining profitability and growth.

What was the main reason for Nordstrom's positive performance this quarter?

• Increased store openings

• New product launches

• Better-than-expected earnings

• Partnership with a major brand

Why did Macy's cut its full-year profit outlook?

• High employee turnover

• Underperformance in lower-tier malls

• Increased competition

• Supply chain issues

What strategy is Macy's considering to address its challenges with lower-tier malls?

• Increasing employee numbers

• Launching new product lines

• Expanding store sizes

• Aggressive store closure program

What is one way Macy's has tried to become a healthier business?

• Increasing advertising budget

• Monetizing real estate

• Expanding international presence

• Launching a new loyalty program

What is a significant challenge Macy's faces in its e-commerce division?

• Limited product range

• High shipping costs

• Lower than double-digit growth

• Lack of online presence