Upscale retailers including Nordstrom Inc , privately-owned Saks Fifth Avenue and jeweler Tiffany & Co , reopened their large New York City flagship locations on Wednesday with reassuring signage and oversized jars of sanitizer to calm shoppers worried about cleanliness.
), reopened their large New York City flagship locations on Wednesday with reassuring signage and oversized jars of sanitizer to calm shoppers worried about cleanliness.
With record-low tourism, and many New Yorkers working from out-of-town locations, the retailers’ pool of potential shoppers is much smaller now, even in the generally slower summer months. NPD Group’s chief industry analyst Marshal Cohen said he is paying attention to how many stores are open across a retailers’ fleet, how they are performing and, as their stores come back, how their online businesses are affected.
Several retailers – including Saks, Nordstrom and Tiffany – decided to open their doors on Wednesday even though it became fair game on Monday to allow in-store retail in New York City.
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