Nordstrom recently revised its sales outlook for the fiscal year, responding to an unexpectedly strong holiday shopping season. Initially, the Seattle-based retailer projected a flat to 1% increase in full-year revenue; however, it has adjusted those figures to anticipate growth of 1.5% to 2.5%. This positive revision comes on the heels of better-than-expected sales results
Business
On a seemingly routine Friday, the Southern United States was hit by a severe winter storm that wreaked havoc on air travel, resulting in over 2,000 flight cancellations. Passengers found their travel plans shattered as they grappled with the ripple effects of the weather phenomenon. More than 2,000 additional flights were delayed, contributing to an
If you’re considering an international journey this year, you might be in for a pleasant surprise: long-distance flights have become more accessible than ever. Recent statistics from flight analytics service Hopper indicate a notable decrease in flight fares, particularly for journeys spanning across continents. This trend emerges primarily from an increase in airline capacity and
Delta Air Lines has made a significant change to its travel loyalty landscape by announcing a new partnership with Uber, set to launch this spring. This move marks the end of an eight-year relationship with Lyft, a period that has seen both companies compete for a larger share of the ride-hailing market. By linking its
True Religion, once known as the epitome of luxury denim, is experiencing a renaissance, spearheaded by its strategic acquisition by Acon Investments and SB360 Capital Partners. This development marks a pivotal moment for the brand, which has had a tumultuous history since its establishment in 2002. After navigating through its second bankruptcy in 2020, True
Stellantis is making a significant statement with its redesigned Ram heavy-duty trucks: the Ram 2500 and 3500, alongside the chassis cab versions. These upgrades come at a critical juncture, as the brand seeks to reverse a concerning trend of declining sales for three consecutive years. Faced with a competitive truck market in the U.S., the
In a significant move that could reshape the streaming industry, Disney has announced a merger of its Hulu+ Live TV service with the sports-centric platform Fubo, as disclosed on Monday. This collaboration is set to fortify Disney’s foothold in the streaming market, with Disney emerging as the majority stakeholder, holding a commanding 70% ownership of
In an era where digital platforms dominate advertising, Comcast is making a concerted effort to reclaim market share for traditional media through its newly announced Universal Ads platform. As consumers increasingly gravitate towards streaming services and social media, traditional advertising outlets, once the cornerstone of brand promotion, have been challenged. Comcast’s initiative seeks to address
In a remarkable move signaling heightened scrutiny of airline operations, the U.S. Department of Transportation (DOT) has imposed a $2 million fine on JetBlue Airways due to chronic delays affecting several routes. This penalty marks a significant development in the regulation of airlines, particularly in how they schedule their flights and manage passenger expectations. The
The U.S. automotive industry has demonstrated a robust recovery in 2024, with major players like General Motors (GM) and Ford Motor Company reporting their strongest annual vehicle sales since before the pandemic struck in 2019. This resurgence signals not just a rebound from the downturn caused by COVID-19 lockdowns and subsequent supply chain disruptions but