May 27, 2022
PYMNTS AM Radar: Inflation Side Effects; Downside of Fighting Fraud;...
It’s Friday, May 27, this year’s kick-off to summer beach days, backyard barbecues and vacation plans. It’s also the start of the three-day weekend that wraps with Memorial Day parades...
May 20, 2022
Amazon Tests Same-Day Mall Deliveries
Amazon.com Inc. delivery drivers are fetching packages from mall stores and dropping the goods off at consumers’ homes under a plan the company is testing, Bloomberg reported Friday (May 20)....
March 23, 2022
Macy’s Adds More Backstage Stores as Bargain Hunting Business Booms
In a move touted to put “luxury and off-price under the same roof,” Macy’s fast-moving plan to open three dozen off-price Backstage locations within existing stores over the next three...
March 15, 2022
Macy’s Will Revamp Website, Turn Employees Into Stylists
Macy’s plans to overhaul its website and train some employees to become personal stylists in an attempt to offer more customized shopping. As CNBC reported Tuesday, the retailer wants to...
February 14, 2022
Jana Partners Cuts Stake in Macy’s by 84%
Activist investment firm Jana Partners reduced its stake in Macy’s by 84% in the final months of last year, soon after imploring the retailer to separate its eCommerce operations from...
December 20, 2021
Nordstrom Considers Spinning off Rack Into New Business
Nordstrom is looking at spinning off its discount Nordstrom Rack business to trim its losses, Seeking Alpha reported. The company was down 0.6% as of Monday (Dec. 20). The fashion...
December 06, 2021
Breaking Up Kohl’s Is About Valuation, Not Excellent Omnichannel Retail...
With the second-largest U.S. department store chain now officially in play thanks to the familiar-sounding demands of activist investor Engine Capital to spin off Kohl’s digital assets from its core...
December 05, 2021
Kohl’s Urged to Sell Company or Spin off eCommerce Business
Kohl’s, the second-largest U.S. department store chain, has been urged by activist investors to either sell itself outright or consider a spin-off of its eCommerce division in a bid to...
December 03, 2021
Customers’ Use of Physical Stores Makes Macy’s Online Split More...
Advised to separate its eCommerce business from its physical stores, Macy’s is debating how best to approach the concept without alienating its online shoppers who depend on the retail shops...