The National Retail Federation has revised a report released in April that pulls back the claim that organized retail crime accounts for nearly half of overall industry shrink, which measures overall loss in inventory, including theft.

A 23-year-old woman from Chicago stands accused of stealing sunglasses estimated at over $1,250 just before Thanksgiving Day and Black Friday in Miami-Dade County.

Best Buy Co. posted stronger-than-expected profits, but reported a deeper-than-expected drop in revenue for the fiscal third quarter as shoppers continue to pull back on buying gadgets in an uncertain economy.

Nordstrom says its sales and profits fell in its fiscal second quarter, joining its department store peers coping with shoppers' cautious spending.

Macy’s slashed its outlook for the entire year with sales weakening sales in the first quarter during an increasingly challenging economic environment, including stubbornly high inflation.

A suspect wanted in connection with a fatal shooting at the Mall of America in December was arrested in Georgia on Tuesday.

Police say a 19-year-old man was killed during a shooting at the Mall of America that sent frightened customers at the nation’s largest shopping center racing into a lockdown just before the holiday weekend.

Los Angeles police say a group of thieves smashed windows at a department store at a luxury mall.

The number of Americans applying for unemployment benefits fell for the sixth straight week as the U.S. economy reopens rapidly after being held back for months by the coronavirus pandemic.

Americans increased their spending by 0.5% in April, a slowdown after a massive gain in March which had been powered by distribution of billions of dollars in individual stimulus checks.

NEW YORK – Upscale department store retailer Nordstrom reported Thursday that its sales plunged nearly 40% in its fiscal first quarter when the pandemic forced a temporary shutdown of its stores. Nordstrom announced earlier this month that it was closing 16 of its 116 full-scale department stores. Before the pandemic, many department stores were weakened because of a consumer shift to spending online. The department store operator posted revenue of $2.03 billion in the period, also missing Street forecasts. During the year-ago period, Nordstrom had sales of $3.35 billion.

MIAMI-DADE COUNTY, Fla. – Nordstrom announced Friday the store in Dadeland Mall in Miami-Dade County will not survive the coronavirus pandemic’s economic crisis. Nordstrom will also be closing its Cafe Bistro at 7231 N. Kendall Dr. The store closed March 17 and the company promised employees pay and benefits during the two-week period. Erik Nordstrom, the company’s chief executive officer, released a statement on Tuesday saying the pandemic accelerated the plan of investing in digital capabilities. Nordstrom first released the complete list of the stores, which also includes one in Naples, to Business Insider.

Macy's stores nationwide are closed due to the coronavirus. Macy's said the majority of its 125,000 employees will be furloughed this week and that it is transitioning to an "absolute minimum workforce" needed to maintain basic operations. Macy's said it has lost the bulk of its sales due to the temporarily closing of more than 600 stores starting March 18. The furlough of workers will have negative consequences for an economy in which the retail industry supports one out of four workers. According to a recent report by Cowen & Co, department stores have enough cash to make it to about five to eight months with their stores temporarily closed.

BOSTON - Mike Hoffman scored one of four Florida goals in the third period and added the winner in a shootout as the Panthers rallied from a four-goal deficit and beat the Boston Bruins 5-4 on Tuesday night. David Pastrnak scored his league-leading 16th goal for Boston, which broke a scoreless tie with four goals in the second, but could not hold off Florida. Joakim Nordstrom, Anders Bjork and Zdeno Chara also scored for Boston, and Tuukka Rask made 25 saves. Boston added goals by Bjork and Chara, taking a 4-0 lead into the third. Play was halted for a few minutes in the first period when the arena lights flickered with the Panthers on a power play.

So Walmart and Nordstrom are building physical stores that don't actually sell anything. Earlier this month, Walmart opened Walmart Pickup Point, a 40,000 square-foot prototype store outside of Chicago in Lincolnwood, Illinois, to cater to customers' online pickups and deliveries. The new Walmart locations share similarities with Nordstrom Local, a concept Nordstrom first introduced in Los Angeles in 2017. Buy online, pickup in store growsRetailers have been successfully expanding online pickup options in their stores in recent years. For Nordstrom, customers who visit Local stores spend two and a half times more on average than regular customers, according to the company.

Spencer Platt/Getty Images(CNN) - Looking for more proof of just how hard it is for traditional retailers to compete in a world that's increasingly dominated by Amazon? Nordstrom and Gap are the worst-performing stocks in the S&P 500 so far this year. Several other big brick-and-mortar retailers are among the market's biggest losers of the first half of 2019. All of those companies have recorded sluggish sales and profits as consumers increasingly shop online. And Home Depot, which faces less competition from Amazon and online shopping in general, is up more than 20%.