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 has increased the size of its board of directors to 11 members and elected Michael Bender to fill the new board seat effective immediately.
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.
J.C. Penney has elected W. Paul Jones, a retail industry veteran with more than 30 years of department store and specialty retailing experience, to its board of directors.
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.
Story at Macy’s, the always changing “store to explore” within 36 Macy’s locations nationwide, has unveiled its second experiential concept: Outdoor Story.
Amazon Returns at Kohl’s is now available at the department store’s more than 1,100 stores nationwide.
The Nordstrom Anniversary Sale, the retailer’s biggest sale of the year, launches Friday, July 19.
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.
Ross Dress for Less is preparing multiple store openings under its own and its DD’s Discounts banners.
Stein Mart is boosting its omnichannel capabilities and streamlining its approach to merchandise planning with Oracle Cloud.
Hudson’s Bay said its chief financial officer, Ed Record, will be taking a medical leave of absence, effective June 17. In his absence, the company has appointed Becky Roof as interim CFO.
Four years after it started its Off/Aisle discount retail concept test, Kohl’s is ending the experiment.
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.
It was a mixed first quarter for Burlington Stores, as the off-price retailer saw its net sales increase while net income declined.
Sears has opened a new smaller format Sears Home & Life store in Lafayette, Louisiana. Two other Sears Home & Life stores are also opening this weekend in Anchorage, Alaska, and Overland Park, Kansas.
Ross Stores rang up first quarter sales gains at the high end of its guidance for the quarter.
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.
TJX enjoyed a strong first quarter performance, highlighted by a solid comparable store sales increase above the company’s expectations.
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.