Kohl’s raced to national prominence on a clever proposition— take outlet-type bargains to the people, opening stores designed to compete with mid-tier and department store retailers in strip malls, closer to the homes of consumers it wanted to make customers.
In the third quarter, Macy’s did better than Wall Street expected as digital sales and services such as curbside pickup helped boost revenues, and home furnishings gained.
J.C. Penney is ramping up its holiday savings beginning November 20 through Black Friday weekend, November 25-28, with deals on a wide variety of offerings.
Macy’s has had to travel a rocky road lately as it confronts a new generation of consumer and an environment increasingly evolving toward digital sales, and then the COVID-19 pandemic.
Kohl’s easily beat a Wall Street earnings per share estimate for the third quarter as digital sales gained even if revenues overall slid in a retail market disrupted by the continuing coronavirus pandemic.
Home and furniture categories were a bright spot for Dillard’s, but the department store retailer still saw sales slide in the third quarter.
J.C. Penney said that the U.S. Bankruptcy Court for the Southern District of Texas has approved the previously announced asset purchase agreement with Brookfield Asset Management, Inc., Simon Property Group and the company’s DIP and First Lien Lenders, which is supported by the unsecured creditors committee.
Kohl’s is unveiling its Black Friday Ad, a new and bigger Black Friday Week event, and savings events all month long, giving consumers more opportunities to save on the top gifts of the season this November.
With consumers prioritizing their health and shopping for a more casual lifestyle, with a focus on active gear, apparel, home goods, and overall personal wellness, Kohl’s is piloting a new essential goods concept: Kohl’s Wellness Market.
As it works to its emergence from Chapter 11 bankruptcy, J.C. Penney has finalized its asset purchase agreement with Brookfield Asset Management, Simon Property Group and a majority of the company’s DIP and first lien lenders.
In an effort to enhance the company’s ability to provide a seamless and compelling experience everywhere customers want to shop, Nordstrom is adding two more of its Nordstrom Local service hubs, one each in Newport Beach and Manhattan Beach, CA.
Kohl’s recently shared the company’s new strategic framework with the investment community, including new initiatives to position the company for long-term success. As part of its strategy, Kohl’s said it has set a new vision: to be the most trusted retailer of choice for the active and casual lifestyle.
J.C. Penney has filed a draft asset purchase agreement that tracks the terms of the previously announced letter of intent to sell the company.
Hudson’s Bay Company has unveiled HBC Properties and Investments, a dedicated real estate and investments business to manage, maximize and enhance the company’s portfolio of assets.
To continue to provide consumers with more convenient services and access to more inventory, Nordstrom is introducing order pickup at U.S. Nordstrom Rack stores for Nordstrom.com, NordstromRack.com and HauteLook.com orders.
Expanding its omnichannel options, Belk has launched a same day delivery service, where customers can place orders at Belk.com and have their purchases delivered to their doorstep that same day.
Macy’s has appointed Adrian Mitchell as chief financial officer, effective November 2, 2020.
Neiman Marcus may have emerged from Chapter 11 bankruptcy protection, but it isn’t out of the woods yet, according to Placer.ai, and off-price retail may play an important part in how its future proceeds.
Nordstrom and Balsam Hill have teamed up to present in-store artificial Christmas Tree lots in 21 Nordstrom stores in 13 states. The displays, depending on location, will be open throughout the holiday season.
J.C. Penney is kicking off holiday shopping in mid-October with new brands and deals to get customers in the spirit of saving, offering Black Friday pricing throughout November, and capping off with value on all holiday gifts through December.