Independent thinking for complex markets and current events
Nordstrom Inc. has formed a special committee of independent directors to explore going private, the company said on Thursday — a move that arrives as clothing retailers struggle with subdued demand and pressure from investors for stronger profits. The department-store chain JWN said its board formed the committee after members of the company’s founding family …
Here’s a map of notable store closures in downtown San Francisco. As foot traffic has declined and theft has grown, stores are closing down. Yet another sign of the pain consumers are feeling from inflation. Follow us @KobeissiLetter for real time analysis as this develops. pic.twitter.com/CKf75xUiB9 — The Kobeissi Letter (@KobeissiLetter) August 30, 2023
View post on imgur.com Rapper 50 Cent has doubled down on the decline in the quality of life in Los Angeles following a series of brazen smash-and-grab robberies in shopping malls. On Sunday, he wrote on Instagram: “I told you LA was finished. they are gonna have to lock the doors, appointment only. SMH,” in …