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Multiline Retail Department Stores

  • Malls haven't hit doomsday just yet

    Not all of America's malls are doomed.

  • LONDON, April 20- Debenhams, Britain's second-biggest department store operator, said on Thursday it would return to growth by closing a few stores, revamping the rest and improving its online service, but concerns about the cost sent its shares lower. After a strategic review by new Chief Executive Sergio Bucher, a former Amazon and Inditex executive, the group...

  • Makeup artist Bobbi Brown (L) attends the Jenny Packham fashion show during September 2016 New York Fashion Week.

    Bobbi Brown, who left her namesake cosmetics company late last year, is taking on a new challenge that's been baffling the retail industry.

  • DUESSELDORF, Germany, April 7- Canadian department store operator Hudson's Bay Co said on Friday it planned to invest around 400 million euros in Europe this year in a bid to grow its sales there by 20 percent over the next two years. Profits in Europe will grow even faster than sales, the group's Chief Executive Jerry Storch said. Hudson's Bay, the owner of Saks Fifth...

  • TORONTO, April 5- Canadian department store operator Hudson's Bay Co's said on Wednesday it was aggressively working on fundamental changes in the business to improve performance and further cut costs. "We look to do deals that are accretive for our shareholders," said Chairman Richard Baker from the Netherlands, where the company is planning to open more than a...

  • TORONTO, April 5- Canadian department store operator Hudson's Bay Co's said on Wednesday it was actively working on major changes in the business to improve performance and further cut costs. The owner of Saks Fifth Avenue and Lord& Taylor reported a fourth quarter loss after markets closed on Tuesday. Weak sales, particularly at its Saks OFF 5 TH outlet chain and...

  • TORONTO, April 4- Department store operator Hudson's Bay Co reported a quarterly loss on Tuesday, due in part to an impairment charge related to weak sales at Saks OFF 5 TH and Gilt. The retailer posted a net loss of C $152 million, or 83 Canadian cents per share, in the fourth quarter ended Jan. 28, compared with net income of C $370 million, or C $1.88 per diluted share, a...

  • Fears of a Sears bankruptcy are reignited

    Concerns after the company expressed doubt about its future as a retailer.

  • Costco will not be delivered right to your door

    A delivery service announced Tuesday it will start making runs to Costco to pick up orders for customers.

  • LAS VEGAS, March 21- Kohl's Corp's chief executive officer said on Tuesday the department store operator needs to "change faster" in order to remain a strong competitor to online and brick-and-mortar retailers. "We aren't as agile as we need to be in order to be a better competitor," CEO Kevin Mansell said at retail conference Shoptalk. The company has been hurt by a...

  • *Stores being closed account for less than 5 pct of annual sales. *Q4 comp sales drop 0.7 pct vs est -0.5 pct. Feb 24- Department store operator J.C.

  • Feb 24- Department store operator J.C. "We believe closing stores will also allow us to adjust our business to effectively compete against the growing threat of online retailers," Chief Executive Officer Marvin Ellison said in a statement. Penney said it expected annual savings of about $200 million from the cost-cutting measures, and would take a related...

  • Feb 24- Department store operator J.C. Penney Co Inc said on Friday it would close about 130-140 stores over the next few months, and reported a 0.7 percent drop in same-store sales for the holiday quarter. Penney's net sales fell 0.9 percent to $3.96 billion in the fourth quarter ended Jan. 28, declining for the third time this year.

  • The owner of luxury retail chain Saks Fifth Avenue said its consolidated comparable sales fell 1.2 percent on a constant currency basis during the fourth quarter ended Jan. 28. Sales rose 0.6 percent at its department store banners, which include Hudson's Bay and Lord& Taylor, and 0.1 percent at Saks Fifth Avenue. Last month, Hudson's Bay stock tumbled more than 20...

  • *Q4 profit $1.44/ shr vs est $1.33. Feb 23- Department store operator Kohl's Corp followed larger rival Macy's Inc in reporting a better-than-expected profit for the holiday quarter, as lower inventories helped the company avoid deep discounting. "We've really dramatically reduced inventories this year so our clearance levels and fall transitional...

  • Feb 21- Department store operator Macy's Inc reported a bigger-than-expected drop in quarterly sales as low demand for apparel and competition from online rivals hurt traffic in its stores. The owner of the Macy's and Bloomingdale's chains said net income attributable to its shareholders fell to $475 million, or $1.54 per share, in the fourth quarter ended...

  • Ivanka Trump.

    Internal data from Nordstrom show sales of Ivanka Trump merchandise fell by nearly a third last year, reports the Wall Street Journal.

  • WASHINGTON/ CHICAGO Feb 8- President Donald Trump blasted department store chain Nordstrom Inc on Wednesday for dropping his daughter Ivanka's clothing line, prompting critics to accuse him of misusing public office to benefit his family's sprawling business empire. After Trump's highly unusual move to use a White House platform to intervene in a...

  • I'm going to go get some myself today, "Conway told Fox News in an interview from the White House. The White House and the OGE did not respond to requests for comment. On Wednesday President Trump attacked department store chain Nordstrom Inc for dropping his daughter's products, drawing intense criticism for using a White House twitter platform to intervene in a...

  • WASHINGTON, Feb 9- A top aide to U.S. "Go buy Ivanka's stuff," Trump senior adviser Kellyanne Conway told Fox News in an interview from the White House. On Thursday, Ivanka's brand was thrust again into the headlines after her father attacked department store chain Nordstrom Inc in a highly unusual move using a White House twitter platform to intervene in a...