Walmart Shoes to Pay $50,000 for RYKA Shoes

Walmart said Thursday it will pay $50 million to settle a lawsuit over RYKKA shoes.The company will pay the plaintiffs, who sued the retailer for not giving them enough product, the equivalent of $5 per pair, Walmart said in a statement.Walmart’s $50-million payment is the first step in the case, which has been going on […]

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Nordstrom’s to cut more than $5 billion in non-store stores in 2017

Nordstrom will reduce stores and reduce staff in its retail businesses across the U.S. in 2017.Nordstrom will cut 1,000 stores across the United States, from California to Florida, by 2019.The stores will be consolidated and the majority of the stores will close within the next five years.Nordstrom is also eliminating nearly 2,000 jobs at its […]

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