department stores

Financials
J.C. Penney Q3 Sales Down, Net Loss Shrinks

Third quarter sales at J.C. Penney were down, but the department store retailer reported a smaller net loss and its CEO said the retailer was “making progress” in its effort to turn around the struggling company.

Retail
Kohl’s Launches Gift-Giving Marketing Campaign

Kohl’s is looking to inspire gift givers with product newness and a range of deals this holiday season. The retailer said that its new marketing campaign, “New Gifts at Every Turn,” will recognize and reward the gift giver’s effort, excite customers with product newness and spotlight Kohl’s Cash.

Retail
Sears To Close 96 More Stores

Transformco, which purchased substantially all of the assets of Sears Holdings Corporation in February 2019, is continuing to streamline its operations and will close an additional 96 Sears and Kmart stores.

Retail
Century 21 Opens Herald Square Pop-Up Store

Off-price retailer Century 21 Stores has opened a limited engagement pop-up store in the heart of Herald Square in New York City. The Century 21 Herald Square Holiday Pop-Up will be located at 50 W. 34th Street and its red doors opened on Friday, November 1 through January 11, 2020.

Retail
Nordstrom Opens NYC Flagship Store

Nordstrom has opened the doors to its first-ever flagship store for women and children in New York City. Located at 225 West 57th Street, across from the men’s store which launched in 2018, the new store occupies the base of Central Park Tower. Customers can shop 320,000-square-feet of retail space across seven levels.

Retail
Kohl’s Ramping Up Brand Launches

Kohl’s is launching a significant number of new brands that will join its product portfolio during the fall and holiday seasons. Shoppers will discover new brands across product categories including new brands to Kohl’s, new collaborations and new partnerships with existing Kohl’s brands.

Retail
Timm To Succeed Besanko As Kohl’s CFO

Kohl’s said that Bruce Besanko has decided to retire from the company at the end of the fiscal year and will step down from his position as chief financial officer, effective November 1. At that time, Jill Timm, Kohl’s evp/finance, will be promoted to CFO.

Retail
J.C. Penney Hiring Seasonal Associates

With the holiday season approaching, J.C. Penney is aiming to increase its staff for seasonal shopping, with plans to hire approximately 37,000 seasonal associates for a variety of positions in stores, e-commerce facilities and customer care centers.

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