Kohl’s Ramps Up Seasonal Hiring Efforts
Kohl’s is boosting its seasonal hiring efforts for the back half of the year, and said it plans to hire 90,000 seasonal associates.
department stores
Stage Stores Shifting To Off-Price Format
Stage Stores is moving forward with plans to convert its stores to an off-price format.
Macy’s Reveals Story’s School Of Style Theme
This fall, the Story store at Macy’s, the retailer’s in-store boutique that focuses on narrative retailing and curated selections to create an engaging store experience, has revealed its latest theme: School of Style.
Macy’s Advances Diversity Initiative
Macy’s is advancing a five-point diversity initiative to reflect the diversity of the customers and communities it serves. As part of this effort, the company has set goals and outlined specific strategies to increase its impact.
J.C. Penney Names Dougherty SVP/Finance
J.C. Penney has named Colin Dougherty svp/finance, reporting to Bill Wafford, chief financial officer. He will join the company on September 23.
Kohl’s President Chawla To Step Down
Kohl’s Sona Chawla will step down from her role as president of the retailer in mid-October to pursue new opportunities.
Nordstrom Local Store Concept Opening In New York City
Nordstrom will continue its expansion in New York City by adding two more service hubs under its Nordstrom Local concept.
Stage Stores Increases Q2 Comps
Stage Stores increased its comparable store sales in the second quarter, as the company continued to see progress in its transition from department stores to the off-price channel.
Nordstrom Names Bariquit Chief Merchandising Officer
Nordstrom has named Teri Bariquit chief merchandising officer. In this newly created role, Bariquit will serve as a member of the company’s executive team, leading the full-price and off-price merchandising areas. She will report to co-president, Pete Nordstrom.
Nordstrom Produces Mixed Q2 Results
It was a mixed second quarter for Nordstrom, as the department and off-price retailer’s earnings beat its expectations while net sales declined.
Stein Mart Comps Decline In Q2
A slow start to the second quarter impacted Stein Mart’s comparable store sales as the off-price retailer aimed to improve sales trends in the second half.
Kohl’s Q2 Revenue, Comp Sales Down
Second quarter sales at Kohl’s were down but officials with the company reported that same-store sales toward the end of the three month period ended August 3 showed improvement.
Jill Soltau, J.C. Penney
Before joining J.C. Penney, Jill Soltau was CEO of Joann Stores, a specialty retailer of fabrics and crafting supplies with about 850 stores across the United States. When it announced her hiring, the retailer emphasized that she helped reinvigorate the Joann brand and improved its market position by taking a consumer-oriented approach to determine and deliver compelling assortments.
Dillard’s Q2 Loss Grows As Comps Slip
Dillard’s posted a wider net loss in its second quarter as comparable store sales slipped.
Macy’s Sees Slow Q2, Lowers Guidance
Macy’s said it had a slow start to the second quarter, as it missed a Wall Street profits estimate and lowered its full year earnings guidance to $2.85 to $3.05 from $3.05 to $3.25 per diluted share.
Kohl’s, Facebook To Team On New Curated Product Line
Kohl’s is teaming with Facebook to launch Curated By Kohl’s, a selection of products from emerging brands that will initially be available in 50 Kohl’s stores beginning in October.
J.C. Penney Appoints DePaul EVP/Stores
J.C. Penney has appointed James (Jim) DePaul, an executive with nearly 25 years of retail experience, executive vice president of stores, effective August 5, reporting directly to Jill Soltau, CEO.
Hudson’s Bay Weighs Going Private Offer
A special committee of the board of directors of Hudson’s Bay Company has issued an update on its ongoing review of the June 10 proposal for the privatization of the company from a group of HBC shareholders, including HBC’s governor and executive chairman, at a price of $9.45 per share in cash.
Kohl’s Taps Dsco To Support Drop Ship Supplier Network
Kohl’s has selected Dsco, an enterprise drop ship platform, to support its drop ship supplier network. The move enables Kohl’s to accelerate its strategy of leveraging its drop ship network to expand the assortment as part of its digital growth initiatives.
J.C. Penney Says No Financial Advisors Have Been Hired
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.