It was another tough quarter for J.C. Penney as sales for the three month period ended November 3 were down more than 5%.
Macy’s is feeling bullish about the upcoming holiday season after the department store retailer reported sales growth in the third quarter.
Off-price retailer Tuesday Morning got off to a strong start this fall season, the company asserted, with comparable store sales rising 3.8%.
J.C. Penney has appointed Michael Fung as interim chief financial officer. He will succeed Jerry Murray, who will resume his responsibilities as svp/finance.
The Nordstrom promotional theme for the holidays is “Let’s Go Gifting,” which overlays a marketing campaign the retailer characterized as a whimsical narrative full of personality.
A week after filing for Chapter 11 bankruptcy protection, Sears Holdings Chairman Edward Lampert looking for financial partners on a $300 million loan sought by the retailer, Reuters reported on Monday.
Nordstrom hosted a company-wide hiring day on Friday, October 19, with events taking place in every Nordstrom and Nordstrom Rack store across the U.S. and Canada, as well as in its distribution and fulfillment centers.
Epoca International has been tapped to be the manufacturer of non-electric housewares for Buzzfeed’s new brand Goodful. The line will officially launch this month at Macy’s, however, products are already being rolled out on the Macy’s website.
Belk is celebrating the opening of its newest store in Hagerstown, Maryland.
Ross Stores recently opened 30 Ross Dress for Less and ten DD’s Discounts stores across 19 different states in September and October.
Macy’s has appointed David Abney, chairman and chief executive officer of United Parcel Service, Inc., to its board of directors, effective October 25.
Sears Holdings has filed for Chapter 11 bankruptcy protection and announced the company’s CEO Edward Lampert has stepped down but will remain chairman of the board.
Pottery Barn Kids is expanding into the United Kingdom both online and in-store.
With a possible bankruptcy filing on the horizon, Sears Holdings is reportedly missing some vendor payments as several major lenders push for the struggling retailer to be liquidated, published reports on Thursday, October 11, indicated.
Sears Holdings may soon be heading to bankruptcy, according to a report from the Wall St. Journal.
Sears Holdings has added Alan Carr, managing member and CEO of Drivetrain, to its board of directors as an independent director.
Burlington Stores has named Univision’s Jessica Rodriguez to its board of directors and its nominating and corporate governance committee.
J.C. Penney is introducing a new private label brand, Peyton & Parker, developed to help moms create effortless yet coordinated styles for family and home.
Stein Mart’s chief financial officer, Gregory Kleffner, plans to retire from the company next spring.
CSC Generation Holdings, which recently bought the rights to the Bon-Ton and Carson’s retail brands, is looking beyond digital where it has revived the business, and could open up 100 stores over the next few years, the company’s CEO Justin Yoshimura told the Minneapolis Star Tribune.