Neiman Marcus has opened a new Manhattan location, which debuts at the new Hudson Yards retail and commercial development, with an emphasis on upscale customer experiences.
Off-price retailer Stein Mart’s comp sales declined in the fourth quarter, although the company continued to improve its operating results.
Off-price retailer Burlington Stores posted lower than expected sales during its fourth quarter, although overall the company reported a solid fiscal year.
Off-price retailer Ross Stores plans to add approximately 100 new stores— 75 Ross and 25 DD’s Discounts locations— during fiscal 2019.
Ross Stores registered solid sales gains in its fourth quarter and fiscal year.
Fourth quarter sales at Kohl’s were down, but the retailer reported a slight uptick in comparable store sales for the three month period ended February 2.
Nordstrom reported a mixed fourth quarter, as earnings received a boost from corporate tax reform while net sales decreased.
J.C. Penney has appointed three executives to its leadership team as the retailer works to support its turnaround efforts, including a new chief merchant.
Store closings will continue at J.C. Penney, as the retailer posted comps and sales declines in its fourth quarter and fiscal year.
Hudson’s Bay Company said that Alison Coville will step down as president of Hudson’s Bay and Home Outfitters, effective March 1, 2019.
Macy’s saw improvement in its fiscal year 2018 and fourth quarter, while stepping up a restructuring plan that streamlines its upper management and reduces costs.
Hudson’s Bay is closing its Home Outfitters business in Canada and is performing a review of Saks Off 5th’s 133 stores, with an estimate of closing up to 20 locations in the U.S.
A plan devised by Edward Lampert-controlled ESL Investments to keep Sears Holdings Corp. operating won the approval of a federal bankruptcy court judge, according to a Chicago Tribune report.
In a company blog post, J.C. Penney said it is getting out of major appliances and cutting back on furniture operations as it reconsiders store layouts.
Saks Fifth Avenue has advanced the grand renovation of its Fifth Avenue flagship store.
In recent years, we have discussed the need for retailers to rethink how each uses their physical space to keep their brick-and-mortar stores relevant as digital commerce continues to grow.
Sears Holdings officials acknowledged Edward Lampert’s winning bid for the company, subject to bankruptcy court approval.
Nordstrom has reported a comparable sales increase of 1.3% for the nine weeks ended January 5, 2019, highlighting the strength of its Nordstrom Rack off-price store division during the holidays.
J.C. Penney said it has set a series of leadership actions, taking place over the next few months, that will assemble a cross-functional executive team as the retailer focuses on the needs of the value-based consumer and position the company for growth.
Stein Mart’s comparable sales for the November/December holiday period declined, although the company did see sales growth in its e-commerce business.