According to a CNBC report, Neighborhood Goods, which bills itself as a new kind of department store, has received $8.8 million in new funding and will open a location in New York.
Macy’s has named Patti Ongman as the retailer’s chief merchandising officer, succeeding Jeff Kantor who is retiring.
Bloomingdale’s has long offered its customers a broad selection of housewares. Now, the upscale department store is adding major appliances to its mix.
Macy’s has named Shawn Outler evp/chief diversity officer.
Macy’s and Marxent have partnered on what the two companies said is the largest virtual reality rollout in retail history, with approximately 70 Macy’s VR installations in stores nationwide.
J.C. Penney has named Jill Soltau as the department store’s new CEO and member of its board of directors, effective October 15.
The second quarter was a strong one for Nordstrom as growth in sales and net earnings led the company to raise its outlook for the remainder of its fiscal year.
Second quarter comparable sales at J.C. Penney were up slightly, but the department store retailer reported a larger net loss for the three months ended August 4.
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.
Macy’s has named Naveen Krishna as its new chief technology officer, effective June 16.
The momentum of the prior two quarters for Kohl’s continued into the first quarter of its current fiscal year as the retailer reported growth in top-line sales and comparable store sales.
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.
According to a Reuters report, mall owners Namdar Realty Group and Washington Prime Group Inc. are in talks to acquire Bon-Ton Stores jointly out of bankruptcy.
For 21 years, Karen Hoguet has served as Macy’s chief financial officer. But Hoguet is calling it a career, announcing her retirement effective February 2019.
Neiman Marcus Group has appointed Adam Orvos chief financial officer. He will report to Geoffroy van Raemdonck, Neiman Marcus CEO.
Nordstrom’s special committee of the board said it has ended discussions with members of the Nordstrom family and their efforts to acquire and take the department store retailer private.
Macy’s is rolling out two new digital initiatives that officials with the department store retailer feel will help boost the shopping experience for its customers.
Nordstrom has rejected the Nordstrom family group’s current effort to take over the company and take the department store retailer private.
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.
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.