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.
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.
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 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.
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 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.
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.
Amazon Returns at Kohl’s is now available at the department store’s more than 1,100 stores nationwide.
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.
Stein Mart is boosting its omnichannel capabilities and streamlining its approach to merchandise planning with Oracle Cloud.