Department Stores

Macy’s Plans To Shutter 28 Locations
Macy’s Plans To Shutter 28 Locations
January 09, 2020  |  Retail

As part of its yearly review process, Macy’s plans to shutter one Bloomingdale’s store and 28 of its namesake department stores. The retailer operates approximately...

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Taking New Approaches To Retail Stores And Faster Payment Models
Taking New Approaches To Retail Stores And Faster Payment Models
January 02, 2020  |  Today In Data

Anchor Shops is aiming to keep the parts of the department store experience that are still working, while minimizing the portions that drag down department store profits. And,...

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Reinventing Retail’s ‘Anchor Store’ For The Omnicommerce Age
Reinventing Retail’s ‘Anchor Store’ For The Omnicommerce Age
December 30, 2019  |  Retail

That Amazon is a widely lionized yet simultaneously imitated force in retail is not surprising. Ever since Amazon introduced a one-click checkout, a loyalty program...

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Department Stores See Further Fizzle
Department Stores See Further Fizzle
December 13, 2019  |  Sizzle/Fizzle

The season of good cheer is upon us. Well, that depends on what side of the retail aisle you’re talking about. In eCommerce? Boom times...

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Analysts Predict Even Darker Time Ahead For Department Stores
Analysts Predict Even Darker Time Ahead For Department Stores
December 11, 2019  |  Retail

Department stores may well be heading for a less than happy holiday season, according to the experts, and an uncertain New Year. Moody’s Investors Service...

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Discounts, Lower Same-Store Sales Hit Hudson’s Bay Results
Discounts, Lower Same-Store Sales Hit Hudson’s Bay Results
December 10, 2019  |  Retail

The latest results of the department store operator Hudson’s Bay Company showed the impact of discounts at its Saks Fifth Avenue operations, along with lower...

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Moody’s Predicts Bleak Outlook For Department Stores
Moody’s Predicts Bleak Outlook For Department Stores
December 10, 2019  |  Earnings

As 2019 winds down, Moody’s and Goldman Sachs predict a weak outlook for department stores, CNBC reported on Monday (Dec. 9). Goldman Sachs dropped Macy’s...

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New Nordstrom Location To Deliver Food And Drink To Shoppers
New Nordstrom Location To Deliver Food And Drink To Shoppers
October 21, 2019  |  Retail

Nordstrom NYC, which is scheduled to open on Oct. 24, will offer several different food and beverage locations in the store, as well as the...

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Barneys Chooses Authentic Brands As Initial Bidder
Barneys Chooses Authentic Brands As Initial Bidder
October 17, 2019  |  Retail

Barneys New York has chosen Authentic Brands Group, which owns and licenses fashion, celebrity and media brands, as its initial bidder. Barneys filed for bankruptcy...

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