Department Stores

Ex-Nordstrom Exec Says Department Stores Must Step Up To Survive

Ex-Nordstrom Exec Says Department Stores Must Step Up To Survive
Ex-Nordstrom Exec Says Department Stores Must Step Up To Survive
June 29, 2020  |  Retail

A former Nordstrom executive is calling on the department store sector to meet the needs of customers and keep pace with technology – or face extinction. Get...

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Saks To Reopen Flagship Fifth Avenue Store With Safety Measures
Saks To Reopen Flagship Fifth Avenue Store With Safety Measures
June 23, 2020  |  Retail

When Saks Fifth Avenue reopens its 10-story flagship store in New York City on Wednesday (June 24), customers will be greeted by 100 hand sanitizer...

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Kohl’s CEO: COVID-19 Is Turbo-Charging Online Retail
Kohl’s CEO: COVID-19 Is Turbo-Charging Online Retail
June 23, 2020  |  Retail

The COVID-19 pandemic has been a “great accelerator” in driving Kohl’s to embrace eCommerce and make other changes in its operations faster than planned, the...

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Facebook Eyes Leasing Neiman Marcus Store In Manhattan
Facebook Eyes Leasing Neiman Marcus Store In Manhattan
June 22, 2020  |  Retail

Facebook could be looking to take over Neiman Marcus‘ space at Hudson Yards in Manhattan, according to an unnamed source in a Women’s Wear Daily...

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Reopened Macy’s Stores Exceed Expectations, But Chain Still Expects Big 1Q Losses
Reopened Macy’s Stores Exceed Expectations, But Chain Still Expects Big 1Q Losses
June 09, 2020  |  Retail

Macy’s Inc. reported that its reopened stores are “performing better than anticipated” in its preliminary first-quarter 2020 financial results. The department store retailer said it...

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Sycamore Partners Reportedly Negotiating To Buy JCPenney
Sycamore Partners Reportedly Negotiating To Buy JCPenney
June 05, 2020  |  Partnerships

Sycamore Partners, the New York private equity firm that specializes in distressed buyouts, is in preliminary talks to purchase JCPenney, sources told Reuters. Get the...

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Retailing 2020: Five Things To Watch
Retailing 2020: Five Things To Watch
May 25, 2020  |  Retail

The pandemic was unprecedented when it showed up in February and March; the phases of its aftermath will also be without a reference point. While...

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JCPenney Files For Chapter 11 Bankruptcy
JCPenney Files For Chapter 11 Bankruptcy
May 15, 2020  |  Retail

The on-again, off-again bankruptcy of JCPenney is back on. The company announced late Friday (May 15) that it will file for Chapter 11 and close...

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