Kohl’s may have improved its momentum as the third quarter ended with a comparable store sales increase, but it missed a Wall Street estimate for the period.
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.
The holiday promotions are heating up, with Macy’s the latest retailer to showcase its upcoming Black Friday and Cyber Week specials.
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.
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.
J.C. Penney is gearing up for the holiday sales campaign with a range of marketing initiatives as well as previewing its Black Friday deals.
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.
Story at Macy’s, the narrative-driven concept store inside 36 Macy’s locations nationwide, kicks off the holiday season with the launch of its latest theme: “Home for the Holidays.”
J.C. Penney is showcasing its brand-new store, a reimagined format just outside of Dallas in Hurst, TX, that represents the company’s strategy to inspire and connect with customers.
Kohl’s is providing its shoppers with an early look at its Black Friday specials, which includes a number of specials on housewares products.
Von Maur Department Store plans to open a 122,000-square-foot store in the Detroit suburb of Rochester Hills, MI, in the fall of 2020. The store will be the company’s fourth location in Michigan.
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.
J.C. Penney has named Brooke Buchanan as svp/communications, reporting to Jill Soltau, CEO, effective October 28. In addition, the company has appointed Robin Beuthin as vp/creative marketing.
Hudson’s Bay Company has entered into a definitive agreement with a group of HBC shareholders to take the company private.
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.
J.C. Penney has named Laurie Wilson, a senior executive with more than 25 years of experience in planning and allocation, merchandise, finance, pricing, operations and strategy, as svp/planning and allocation and pricing.
Designed in partnership with Drew and Jonathan Scott, Kohl’s newest home brand, Scott Living at Kohl’s, is now available in store and online.
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.
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.
Macy’s brought together nearly 800 brand partners in New York City to discuss general industry trends, business highlights, strategic programs and brand innovations, and also update key growth initiatives.