Kohl’s may have improved its momentum as the third quarter ended with a comparable store sales increase, but it missed a Wall Street estimate for the period.
Kohl’s is looking to inspire gift givers with product newness and a range of deals this holiday season. The retailer said that its new marketing campaign, “New Gifts at Every Turn,” will recognize and reward the gift giver’s effort, excite customers with product newness and spotlight Kohl’s Cash.
Off-price retailer Century 21 Stores has opened a limited engagement pop-up store in the heart of Herald Square in New York City. The Century 21 Herald Square Holiday Pop-Up will be located at 50 W. 34th Street and its red doors opened on Friday, November 1 through January 11, 2020.
Story at Macy’s, the narrative-driven concept store inside 36 Macy’s locations nationwide, kicks off the holiday season with the launch of its latest theme: “Home for the Holidays.”
Von Maur Department Store plans to open a 122,000-square-foot store in the Detroit suburb of Rochester Hills, MI, in the fall of 2020. The store will be the company’s fourth location in Michigan.
Nordstrom has opened the doors to its first-ever flagship store for women and children in New York City. Located at 225 West 57th Street, across from the men’s store which launched in 2018, the new store occupies the base of Central Park Tower. Customers can shop 320,000-square-feet of retail space across seven levels.
J.C. Penney has named Brooke Buchanan as svp/communications, reporting to Jill Soltau, CEO, effective October 28. In addition, the company has appointed Robin Beuthin as vp/creative marketing.
Kohl’s is launching a significant number of new brands that will join its product portfolio during the fall and holiday seasons. Shoppers will discover new brands across product categories including new brands to Kohl’s, new collaborations and new partnerships with existing Kohl’s brands.
J.C. Penney has named Laurie Wilson, a senior executive with more than 25 years of experience in planning and allocation, merchandise, finance, pricing, operations and strategy, as svp/planning and allocation and pricing.
Kohl’s said that Bruce Besanko has decided to retire from the company at the end of the fiscal year and will step down from his position as chief financial officer, effective November 1. At that time, Jill Timm, Kohl’s evp/finance, will be promoted to CFO.
Macy’s brought together nearly 800 brand partners in New York City to discuss general industry trends, business highlights, strategic programs and brand innovations, and also update key growth initiatives.