PYMNTS-MonitorEdge-May-2024

Department Stores

Innovative Department Store Chain Neighborhood Goods Back on Growth Track
Innovative Department Store Chain Neighborhood Goods Back on Growth Track
February 22, 2023  |  Retail

The recovery of physical retail is also bringing new levels of innovation and experimentation to the in-store experience as the online and physical worlds meet...

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Dilliard’s Reports Sales Growth Following Weaker Holiday Season
Dilliard’s Reports Sales Growth Following Weaker Holiday Season
February 21, 2023  |  Retail

Dilliard’s has reported sales growth after suffering the same holiday downturn as other department stores. The 85-year-old retailer released earnings figures Tuesday (Feb. 21) that...

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Report: Malls Offer Preview of Commercial Real Estate Collapse
Report: Malls Offer Preview of Commercial Real Estate Collapse
February 19, 2023  |  Real Estate

Are malls the canary in the commercial real estate coal mine? A recent Bloomberg News report warns that the collapse of the American mall industry...

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Mexican Department Store Liverpool Buys 9.9% Stake in Nordstrom
Mexican Department Store Liverpool Buys 9.9% Stake in Nordstrom
September 16, 2022  |  Retail

Two high-end department stores reportedly have a closer relationship now, as the parent company of Mexican chain Liverpool has reportedly acquired a 9.9% passive stake...

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Kohl’s Gets 2 Competing Takeover Bids
Kohl’s Gets 2 Competing Takeover Bids
June 02, 2022  |  Retail

Kohl’s has been the recipient of takeover bids from private equity firm Sycamore Partners and Franchise Group, a retail holding company, The Wall Street Journal...

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Paycheck-to-Paycheck Holiday Shopping, 3 Key Department Store Trends, Retail Fights Smash-and-Grabs
Paycheck-to-Paycheck Holiday Shopping, 3 Key Department Store Trends, Retail Fights Smash-and-Grabs
December 17, 2021  |  Today In Data

A trio of key trends could help department stores recharge the stagnant sector. Plus, the retail industry fights against the viral spread of smash-and-grab incidents,...

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Department Store 2.0: Three Key Trends
Department Store 2.0: Three Key Trends
December 16, 2021  |  Retail

The majority of consumers shop both in-person and virtually. According to PYMNTS data, 88% of consumers make an in-store purchase daily, weekly or monthly. Sixty-three...

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Belk Taps Afterpay to Power Buy Now, Pay Later
Belk Taps Afterpay to Power Buy Now, Pay Later
December 07, 2021  |  Retail

Buy now, pay later (BNPL) platform Afterpay and Belk department stores on Tuesday (Dec. 7) unveiled a flexible payment program for online and in-store shoppers,...

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Breaking Up Kohl’s Is About Valuation, Not Excellent Omnichannel Retail Execution 
Breaking Up Kohl’s Is About Valuation, Not Excellent Omnichannel Retail Execution 
December 06, 2021  |  Retail

With the second-largest U.S. department store chain now officially in play thanks to the familiar-sounding demands of activist investor Engine Capital to spin off Kohl’s...

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