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.
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.
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.
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.
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.