department store

Nordstrom Founding Family Finalizing Go Private Offer
Nordstrom Founding Family Finalizing Go Private Offer
February 26, 2018  |  News

Nordstrom is gearing up to go private, with the founding family finalizing a plan, reported Reuters. According to a report in Reuters, citing people familiar...

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Nordstrom Shutters Oregon Store As It Pushes To Go Private
Nordstrom Shutters Oregon Store As It Pushes To Go Private
February 02, 2018  |  Retail

Nordstrom is making the rare move to shut down a full-line department store in Salem, Oregon, a decision that will likely cost about 130 workers...

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Kohl’s To Debut New eCommerce Facility, Small-Format Stores
Kohl’s To Debut New eCommerce Facility, Small-Format Stores
August 23, 2017  |  Retail

Retailer Kohl’s will boost both its brick-and-mortar and eCommerce capabilities this year by adding four small-format, brick-and-mortar locations to its roster of stores and a...

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Kohl’s CEO Touts Store Performance on CNBC
Kohl’s CEO Touts Store Performance on CNBC
July 19, 2017  |  Retail

In the midst of the retail revolution, Kohl’s CEO Kevin Mansell is more confident in his stores’ performances than ever before. In an interview on...

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Sears Borrows From CEO’s Hedge Fund
Sears Borrows From CEO’s Hedge Fund
July 18, 2017  |  Retail

It’s been a rough time for Sears. From its 8.8 percent revenue tumble in its Q2 earnings to the recent announcement sharing it is closing...

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In Department Store News, Neiman Marcus Sale Called Off
In Department Store News, Neiman Marcus Sale Called Off
June 14, 2017  |  Retail

While there were talks of luxury department store Neiman Marcus getting acquired back in March of this year by Hudson’s Bay Company, that’s no longer...

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Luxury Retailer Nordstrom To Go Private?
Luxury Retailer Nordstrom To Go Private?
June 09, 2017  |  Retail

Shares of luxury retailer department store Nordstrom jumped more than 10 percent Thursday after the company announced it was pursuing a potential sale that would take...

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In eCommerce Push, Debenhams To Close Stores
In eCommerce Push, Debenhams To Close Stores
April 21, 2017  |  Retail

As with many physical retail brands today, U.K.-based department store Debenhams looks to reinvent itself after seeing profits decline. Debenhams shares fell on Thursday after...

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Department Store Outlook Grim For 2017
Department Store Outlook Grim For 2017
February 10, 2017  |  Retail

It looks like more bad news for the U.S. department store sector. After a subpar holiday shopping season, research firm Moody’s announced that it had...

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