Multiline Retail Department Stores

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  • LONDON, July 5- Sales growth at British retailer John Lewis's department store chain slowed in the week to July 2- the week following Britain's vote to leave the European Union. The employee-owned John Lewis Partnership owns Britain's biggest department store chain as well as the upmarket Waitrose supermarket chain. While Britain's FTSE 100 index of blue chip...

  • LONDON, July 5- British retailer John Lewis said sales growth at its department store chain slowed in the week to July 2- the week following Britain's vote to leave the European Union. John Lewis said department store sales rose 2.1 percent year-on-year to 90.8 million pounds, having increased 7.3 percent in the previous week when it started its summer sale.

  • *Ex-chief merchandising officer Jeff Gennette to take over. *Lundgren to continue as executive chairman. June 23- Macy's Inc said Terry Lundgren will step down as CEO next year and be succeeded by former chief merchandising officer, Jeff Gennette, as the department store operator tries to revive sales hit by competition from online and off-price retailers.

  • *Ex-chief merchandising officer Jeff Gennette to take over. June 23- Macy's Inc said Terry Lundgren will step down as CEO next year and be succeeded by former chief merchandising officer Jeff Gennette as the department store operator tries to revive sales hit by stiff competition from online and off-price retailers. "We think a new perspective and leadership...

  • *Ex-chief merchandising officer Jeff Gennette to take over. June 23- Macy's Inc said Terry Lundgren will step down as CEO next year and be succeeded by former chief merchandising officer Jeff Gennette as the department store operator tries to revive sales hit by stiff competition from online and off-price retailers. "We think a new perspective and leadership...

  • June 23- Macy's Inc said Terry Lundgren will step down as CEO next year and be succeeded by former chief merchandising officer Jeff Gennette, as the department store operator looks to revive sales amid stiff competition from online and offprice retailers. Shares of the company, which has reported falling sales for the last five quarters, rose as much as 5 percent...

  • June 23- Macy's Inc said Terry Lundgren will step down as chief executive next year and be succeeded by former chief merchandising officer Jeff Gennette, as the department store operator looks to revive sales amid stiff competition from online retailers. Macy's sales nearly doubled during Lundgren's tenure and he helped establish Macy's and...

  • June 23- Macy's Inc said Terry Lundgren will step down as CEO in the first quarter of 2017, as part of the struggling department store operator's plans to revamp its business and improve sales. Lundgren, who has been the company's CEO since 2003, will be succeeded by Jeff Gennette, Macy's president. 55- year old Gennette and team are well equipped to continue the...

  • June 8- Canadian department store operator Sears Canada Inc reported a bigger quarterly loss, hurt by a continued drop in sales. The company's net loss in the first quarter ended April 30 widened to C $63.6 million, or 62 Canadian cents per share, from C $59.1 million, or 58 Canadian cents, a year earlier. Revenue fell 14.5 percent to C $595.9 million.

  • LONDON, June 2- British department stores group BHS is to be wound down after administrators failed to find a buyer for the 88- year-old chain, threatening over 10,000 jobs and creating huge vacant sites in town centres struggling to cope with changing shopping habits. The failure to find a buyer will likely increase the focus on previous owner, billionaire...

  • LONDON, June 2- British department stores group BHS is to be wound down after administrators failed to find a buyer for the 88- year-old chain, threatening more than 10,000 jobs, advisers Duff& Phelps said on Thursday. "Despite the considerable efforts of the administrators and BHS senior management it has not been possible to agree a sale of the business," said...

  • LONDON, June 2- British department stores group BHS is to be wound down after administrators failed to find a buyer for the 88- year-old retailer, advisers Duff& Phelps said on Thursday. All 163 stores will hold closing down sales over the coming weeks and 8,000 staff are likely to be laid off. "Despite the considerable efforts of the Administrators and BHS senior...

  • NEW YORK, May 25- After a spate of disappointing quarterly results from big-name retailers, mall real estate investment trusts have come under pressure. "It wouldn't be surprising if high-end malls ended up with two traditional department stores compared to the roughly four traditional department stores currently at most malls," said Cedrik Lachance,...

  • SAN FRANCISCO, May 25- Investors shell-shocked by dismal quarterly reports from department stores will look for new signs of hope for brick-and-mortar retailers on Thursday as discount sellers Dollar General Corp and Dollar Tree Inc hand in their results. Both companies have likely lost less business than department stores to Amazon than because their...

  • Allen Questrom

    The narrative that "everybody shops online so who needs physical stores" is dangerous to retailing, former department store exec Allen Questrom warns.

  • Walmart tops, shares surge

    Michael Lasser, UBS analyst and Daniel Binder, Jefferies analyst discuss Wal-Mart's sales after the company reported strong earnings and better U.S. sales.

  • Merchants of debt

    Larry McDonald, ACG Analytics head of global macro strategy, discusses the retail space.

  • These co-founders want to solve retails problem

    Hillary Kerr and Katherine Power, Co-founders of Clique Media Group, discuss how to improve the retail space and how to improve the experience for millennials.

  • CHICAGO, May 18- Target Corp on Wednesday reported a lower-than-expected increase in sales at established stores as consumers spent more on big-ticket purchases like homes and cars than on discretionary items like apparel, a major source of revenue for department stores. The Minneapolis- based company's shares dropped 7.4 percent to $68.15 in premarket...

  • What's ahead for malls

    Nate Forbes, Managing Partner at The Forbes Company, discusses the pain in the retail sector and the future of the shopping mall.