With the survival of Sears now a settled issue, at least for now, the venerable retailer is now focused on putting its brand back in front of consumers and letting shoppers know the company is, in fact, still in business.
Neiman Marcus has opened a new Manhattan location, which debuts at the new Hudson Yards retail and commercial development, with an emphasis on upscale customer experiences.
Fourth quarter sales at Kohl’s were down, but the retailer reported a slight uptick in comparable store sales for the three month period ended February 2.
Macy’s saw improvement in its fiscal year 2018 and fourth quarter, while stepping up a restructuring plan that streamlines its upper management and reduces costs.
Hudson’s Bay is closing its Home Outfitters business in Canada and is performing a review of Saks Off 5th’s 133 stores, with an estimate of closing up to 20 locations in the U.S.
In a company blog post, J.C. Penney said it is getting out of major appliances and cutting back on furniture operations as it reconsiders store layouts.
In recent years, we have discussed the need for retailers to rethink how each uses their physical space to keep their brick-and-mortar stores relevant as digital commerce continues to grow.
Sears Holdings officials acknowledged Edward Lampert’s winning bid for the company, subject to bankruptcy court approval.