Macy’s and Nordstrom reported declines in online sales

Macy’s Inc. and Nordstrom Inc. both reported declines in online sales in 2022. Both retailers struggled with using promotions and discount pricing to offload excess inventory. Macy’s said digital sales were down 9% for the fourth quarter ended Jan. 28, 2022, though they were 24% higher than the comparable period in 2019. Brick-and-mortar store sales […] The post Macy’s and Nordstrom reported declines in online sales appeared first on Digital Commerce 360.