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Monday

Luxury Retailer Neiman Marcus Sells For $6 Billion

The Chicago skyline is reflected in the exterior of Neiman Marcus on Michigan Avenue in Chicago in a file photo from 2009. The luxury retailer sold for six billion dollars on Monday. M. Spencer Green/AP hide caption

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M. Spencer Green/AP

The Two-Way

Luxury Retailer Neiman Marcus Sells For $6 Billion

Two large investors — Ares Management LLC and the Canada Pension Plan Investment Board — have reached a deal to purchase Neiman Marcus, Inc., for $6 billion, the companies said Monday. The two buyers will hold equal shares of Neiman, which is based in Dallas.

Monday

Forget The Register: Stores Use Mobile To Make Sales On The Spot

A Nordstrom salesperson shows a customer an online selection of shoes on an in-store iPad. Like some other retailers, Nordstrom is using mobile devices to make on-the-spot sales and check companywide product inventory instantly. Courtesy of Nordstrom hide caption

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Courtesy of Nordstrom

All Tech Considered

Forget The Register: Stores Use Mobile To Make Sales On The Spot

Cash registers may be on the wane in some stores as more retailers help customers complete purchases using mobile devices. It's convenient for shoppers, and retailers benefit by leaving customers less time to change their mind about a purchase.

Forget The Register: Stores Use Mobile To Make Sales On The Spot

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Tuesday