Department Stores: Page 4
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Courtesy of Sparkies
Macy’s chooses 26 entrepreneurs for accelerator program aimed at diversifying supply chain
In addition to education and funding, “The Workshop at Macy’s” provides various opportunities to sell via the department store.
By Daphne Howland • May 6, 2024 -
Hudson’s Bay, again a unified retailer, announces layoffs in organizational ‘re-alignment’
The Canadian department store, which once split up its e-commerce and store operations, said the downsizing impacts less than 1% of its workforce.
By Daphne Howland • May 2, 2024 -
Kendall Davis/Retail Dive
Podcast
The Backroom: With more closures ahead, what’s next for Macy’s?
Under a new CEO, the iconic department store is fielding a $6.6 billion takeover offer, shuttering another 150 stores and fighting to stay relevant.
By Retail Dive Staff • April 25, 2024 -
Daphne Howland/Retail Dive
Nordstrom family may try again to take the company private
The Nordstrom brothers, who are the retailer’s top executives, notified the board of their interest, and a special committee has been formed.
By Daphne Howland • April 19, 2024 -
Courtesy of Saks
Saks.com snags up to $60M in additional liquidity
The infusion from Pathlight Capital and Bank of America will bolster the luxury online player’s financial position in a “challenging macro-environment.”
By Daphne Howland • April 16, 2024 -
Cara Salpini/Retail Dive
Inside a closing Macy’s store
CEO Tony Spring surprised the industry with a new tranche of 150 department store closures, 50 of which are shuttering in 2024. Here’s what that looks like.
By Cara Salpini • April 15, 2024 -
Daphne Howland/Retail Dive
Nordstrom taps company veteran to lead Rack merchandising
Lori Marten has held various merchandising roles at the department store for nearly 30 years, and will join the off-price unit later this month.
By Daphne Howland • April 9, 2024 -
Courtesy of Dillard's
Dillard’s, Caelynn Bell team up on capsule collection for spring and summer
The assortment of dresses, separates and footwear is part of the department store's exclusive women's label Gianni Bini.
By Daphne Howland • April 1, 2024 -
Daphne Howland/Retail Dive
Macy’s closures a win for off price
The biggest beneficiary of the department store’s plan to shrink its footprint is TJX, which runs T.J. Maxx and other retailers, analysts say.
By Daphne Howland • March 27, 2024 -
Hispanolistic via Getty Images
Sponsored by PaylocityHow to overcome 5 retail industry challenges
Discover tips and tricks to help you tackle some of the top HR pain points for stores and wholesale businesses.
March 25, 2024 -
Daphne Howland/Retail Dive
ColumnThe Weekly Closeout: Layoffs at Walgreens and what would it mean if Nordstrom went private?
The drugstore chain closed two distribution centers. Meanwhile, go-private rumors at the department store could have been sparked by Macy’s.
By Retail Dive Staff • March 22, 2024 -
Courtesy of Kohl's
Sephora deal ‘a real coup’ for Kohl’s, CEO says
Forty percent of customers who visit the Sephora shop-in-shops are new to the department store, Tom Kingsbury said at Shoptalk.
By Nate Delesline III • March 21, 2024 -
Courtesy of Kohl's
Kohl’s expands home goods assortment by 40%
The department store sees opportunity despite stubborn declines in the market since the height of the pandemic.
By Daphne Howland • March 19, 2024 -
Courtesy of Macy's
‘Built for a different era’: Macy’s CEO on why closing 150 stores is critical to its survival
Tony Spring, who took the helm just last month, remains confident that the department store still holds an important role in consumers’ lives.
By Nate Delesline III • March 19, 2024 -
Justin Sullivan/Getty Images via Getty Images
Nordstrom revives namesake brand
The new line features footwear and accessories, and its release is part of a revamp following lagging Q4 sales at full-line stores.
By Laurel Deppen • March 19, 2024 -
Daphne Howland/Retail Dive
Macy’s, Arkhouse discuss due diligence following higher takeover bid
The iconic department store could lose an opportunity to improve operations if its real estate holdings become its focus, analysts warn.
By Daphne Howland • March 14, 2024 -
Courtesy of ThirdLove
ThirdLove partners with Neiman Marcus
The DTC intimates brand is expanding its reach and gaining access to luxury shoppers through the department store.
By Kaarin Moore • March 5, 2024 -
Daphne Howland/Retail Dive
Investors throw another $800M onto Macy’s takeover bid
Arkhouse Management and its partners have upped their offer to $6.6 billion despite the department store’s refusal to share financial information.
By Daphne Howland • March 4, 2024 -
The image by Stilfehler is licensed under CC BY-SA 4.0
ColumnThe Weekly Closeout: Thrasio files Ch. 11 bankruptcy and will Macy’s close its San Francisco flagship?
The e-commerce aggregator will eliminate hundreds of millions of dollars in debt, while the department store is evaluating its real estate assets.
By Retail Dive Staff • March 1, 2024 -
Daphne Howland/Retail Dive
Macy’s to close 150 more stores in 3 years
New CEO Tony Spring said underperforming stores must close even if they are cash-flow positive, telling analysts: “The bar has now been raised.”
By Daphne Howland • Feb. 27, 2024 -
Daphne Howland/Retail Dive
Macy’s faces proxy fight after rejecting takeover bid
Will investors be tempted by the idea of capitalizing on the department store's real estate holdings?
By Daphne Howland • Feb. 20, 2024 -
Courtesy of Macy's
New Macy’s CEO Tony Spring takes over
Spring, who steps into the role on Sunday, faces several challenges, including a take-private offer and changes to the department store’s fleet.
By Nate Delesline III • Feb. 2, 2024 -
Scott Olson via Getty Images
‘This is natural evolution’: Saks and Neiman Marcus on the state of luxury
As a new year starts, Geoffroy van Raemdonck and Marc Metrick share thoughts on luxury e-commerce, when the market might recover and how the consumer is doing.
By Cara Salpini • Jan. 31, 2024 -
Retailers are finding more of what they want off mall
Lower rents and greater flexibility are luring stalwart anchors and specialty retailers to outlets and strip centers, analysts say.
By Nate Delesline III • Jan. 29, 2024 -
Kaarin Vembar/Retail Dive
Macy’s rejects $5.8B take-private offer
The move nevertheless puts the retailer's shareholders in a quandary and a spotlight on incoming CEO Tony Spring, analysts say.
By Daphne Howland • Jan. 22, 2024
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