department stores

Retail
Kohl’s Elects Bender To Board Of Directors

Kohl’s has increased the size of its board of directors to 11 members and elected Michael Bender to fill the new board seat effective immediately.

Retail
NRF To Recognize Kohl’s CEO Gass With Visionary Award

The National Retail Federation will name Kohl’s CEO Michelle Gass as “The Visionary,” an award given each year to an outstanding leader in the retail industry. The award will be presented during the sixth annual NRF Foundation Honors on January 12, 2020, in New York City.

Retail
Stage Stores Addresses NYSE Listing Standards

Stage Stores has received notification from the New York Stock Exchange on June 20, 2019, that the company is no longer in compliance with the NYSE continued listing criteria that requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period.

Retail
Sears Opens Three Home & Life Stores

Sears has opened a new smaller format Sears Home & Life store in Lafayette, Louisiana. Two other Sears Home & Life stores are also opening this weekend in Anchorage, Alaska, and Overland Park, Kansas. 

Financials
TJX Q1 Comps Gain

TJX enjoyed a strong first quarter performance, highlighted by a solid comparable store sales increase above the company’s expectations. 

Financials
Nordstrom Sales Fall In Q1

Nordstrom reported that its net sales decreased 3.5% for the first quarter. The company said its top-line results were impacted by three areas— loyalty, digital marketing and merchandise— which contributed to declines across its full-price and off-price businesses, in both stores and online.

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