department store

Retail
Hudson’s Bay In Talks With Signa On European Joint Venture

Hudson’s Bay Co. has refuted recent reports it had signed a binding agreement to sell or combine its European business or properties but acknowledged that it is in discussions with Signa Holding GmbH exploring a potential joint venture and has signed a non-binding letter of intent with that firm.

Financials
J.C. Penney Q1 Comp Sales Flat

It was a tougher than expected first quarter for J.C. Penney as the department store chain reported sales that were below expectations, which were impacted by what company officials said was a late start to spring weather.

Financials
Nordstrom Sales Rise In Q4

As the Nordstrom family explores a going private transaction, the department store retailer reported a rise in fourth quarter sales while earnings were impacted by the tax reform.

Retail
The Bon-Ton Files For Bankruptcy Protection

The Bon-Ton Stores has filed for Chapter 11 bankruptcy protection as officials with the department store engage in “constructive discussions” with potential investors and debtholders regarding a financial restructuring plan, the company said.

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