Following reports that J.C. Penney was in the early stages of exploring debt restructuring options, the department store retailer issued a statement saying the company had “no significant debt maturities” come due in the near term.
Kohl’s is boosting its hiring plans for the back-to-school, fall and holiday seasons, as well as a 130-store “omni power center” pilot program.
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.
Amazon Returns at Kohl’s is now available at the department store’s more than 1,100 stores nationwide.
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.
Stein Mart is boosting its omnichannel capabilities and streamlining its approach to merchandise planning with Oracle Cloud.
As the corporate board reviews a privatization bid, Hudson’s Bay entered into definitive agreements to sell its remaining stake in its German real estate joint venture and divest a related retail joint venture to its partner, Signa, for $1.5 billion.
Stage Stores’ comparable sales were down in the first quarter ended May 4, but the retailer said it was encouraged by its off-price store conversion plan and its expansion of the home department.
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.