J.C. Penney Extends Worker Furloughs
J.C. Penney will extend the temporary closure of its stores and business offices due to the coronavirus pandemic and temporarily furlough the majority of its store hourly associates.
department stores
Macy’s Furloughs Majority Of Workforce
The COVID-19 outbreak continues to take a heavy toll on Macy’s business, and the retailer now plans to furlough the majority of its workforce.
Kohl’s Extends Store Closures, Furloughs Associates
In its ongoing support to slow the spread of COVID-19, Kohl’s is extending the duration of its temporary store closures until further notice. Due to the significant impact to the business, Kohl’s is taking additional actions to strengthen its financial flexibility.
Nordstrom Extends Closure, Furloughs Part Of Workforce
Nordstrom will extend its temporary store closure for at least one week, through April 5. The closure impacts all U.S. and Canada stores, including Nordstrom, Nordstrom Rack, Trunk Club, Jeffrey, Nordstrom Local and Last Chance.
Macy’s Reinforces Finances As Pandemic Grows
Macy’s, like many retailers, has taken several actions to position the company for financial flexibility in response to the continued spread and impact of COVID-19.
Nordstrom Pursues Financial Flexibility To Cope With COVID-19
Nordstrom is taking precautionary measures to strengthen its financial position in response to the rapidly changing market circumstances arising from the COVID-19 pandemic.
Updated: Williams Sonoma, Other Retailers Close Stores, Reduce Hours
A range of retailers across channels are responding to the coronavirus outbreak with moves to temporarily close their stores, reduce store hours and other consumer and employee oriented initiatives.
Macy’s Closing Stores Through March 31
As retail reacts to the coronavirus, Macy’s will temporarily close all stores by end of business on March 17 with stores remaining closed through March 31.
Kohl’s Partnership With Lands’ End Includes Home Goods
Kohl’s has partnered with Lands’ End to offer the retailer’s entire assortment of women’s, men’s, kids, and home merchandise on Kohls.com, directly fulfilled and shipped by Lands’ End, beginning fall 2020.
Q4 Earnings Miss Estimate As Nordstrom Names CEO
As Nordstrom reported its fourth quarter financial results, the company made changes at the top, including the appointment of Erik Nordstrom as CEO and the pruning of its board.
Hudson’s Bay CEO Foulkes To Step Down
Hudson’s Bay Company recently completed its plan to become a private company, and the retailer is now undergoing a CEO transition as well.
J.C. Penney Expands Curbside Pickup Service
J.C. Penney will expand curbside pickup services to 50 additional locations across the U.S.
Kohl’s Q4 Results Miss Expectations Despite Some Bright Spots
Kohl’s beat a Wall Street fourth quarter estimate and showed some bright spots in its performance, but CEO Michelle Gass expressed disappointment with the company’s financial results.
Hudson’s Bay Company Shareholders Approve Privatization Plan
Hudson’s Bay Company’s shareholders voted overwhelmingly in favor of a plan to become a private company at a special meeting of shareholders.
Dillard’s Sales, Income Dip In Q4
Dillard’s net sales and income dipped in the fourth quarter and fiscal year, as the department store retailer said its weak top line weighed on its performance.
J.C. Penney Q4 Earnings Shrink But Less Than Expected
Although comparable sales declined significantly, J.C. Penney earnings contrasted with Wall Street estimates for a fourth quarter loss.
Macy’s Fiscal Year Didn’t Live Up To Expectations
The fourth quarter at Macy’s showed some promise, but comps and earnings still slipped, as they did for the fiscal year.
Hudson’s Bay Launches Themed Pop-Up Shops
Hudson’s Bay is launching a new immersive pop-up shop developed to meet consumer demands for apparel and home fashion that reflects the beginning of the Millennial era.
Report: Stage Stores Eyes Bankruptcy Filing
According to a recent media report in the Wall Street Journal, Stage Stores is preparing for a financial restructuring that could include a bankruptcy filing.
Kohl’s Restructuring Eliminates 250 Positions
Kohl’s is eliminating about 250 positions as the company restructures, an initiative that includes eliminating a layer of regional management positions, according to published reports, as well as shaking up the merchant organization.