Gatewood Retail News

Gatewood Retail News

Why the Nordstrom NYC Flagship Is Chasing Locals

Get out your Retail Experience Bingo cards: After 20 years in development, Nordstrom’s NYC flagship will finally open tomorrow on 57th and Broadway in Manhattan. With it, Nordstrom’s managed to pack as many retail trends as possible under one 320,000-sq.-ft. roof. For the trendsetters: It’ll carry all the classic luxury department store brands, plus rotating pop-ups for up-and-comers like Everlane and Reformation. For the beauty junkies: 14,000 sq. ft. of beauty products spread across two floors, plus services from blowouts to Botox injections. For foodies: There are seven food and bev concepts. Customers will eat it up—because food already accounts for one of every four Nordstrom purchases in stores. Nordstrom hearts NYC Manhattan is Nordstrom’s No.1 market for online sales. It’s hoping to channel that enthusiasm into $700…

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Report predicts happy holidays for brick-and-mortar retailers

Physical stores will be as busy as ever this holiday season: No fewer than 90 percent of holiday shoppers plan to shop in stores, and that rises to 97 percent when purchases made online from retailers with stores are included, ICSC reports. “[D]espite growth in online shopping — much of which is actually a result of traditional brick-and-mortar retailers’ expanding their online capabilities — physical stores remain the indispensable foundation of the consumer landscape,” notes the Industry Insights report. “The importance of these venues is even greater this year, given a solid rise in the amount of shoppers planning to use click-and-collect.” Holiday shoppers plan to spend $683 each, on average — $496 on gifts and $187 on other holiday-related…

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