Department Stores: Page 6
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Cara Salpini/Retail Dive
Nordstrom elevates supply chain exec amid shrink woes
After reporting that theft in its supply and transportation networks hurt Q1 margins, the retailer promoted Alexis DePree to chief operating officer.
By Daphne Howland • June 3, 2024 -
Daphne Howland/Retail Dive
Nordstrom Rack continues to overshadow the department store in Q1
Both banners enjoyed sales increases, though margins were challenged by shrink caused by theft in its transportation network.
By Daphne Howland • May 31, 2024 -
Daphne Howland/Retail Dive
Kohl’s touts progress in Q1 despite sales declines, loss
Aside from some merchandising improvements, the department store isn’t revamping its stores. Some analysts say that’s a mistake.
By Daphne Howland • May 30, 2024 -
Kendall Davis/Retail Dive
Podcast
The Backroom: Lee Peterson and the hard truth about retail stores
E-commerce keeps growing because it’s easier to shop online. To survive, brick and mortar needs a good reason, too.
By Retail Dive Staff • May 30, 2024 -
Daphne Howland/Retail Dive
A glimpse into a future Macy’s
The department store has provided financial metrics for the fleet of stores that will survive a massive downsizing over the next three years.
By Daphne Howland • May 21, 2024 -
Daphne Howland/Retail Dive
Bruce Nordstrom — grandson of the retailer’s founder and father of its top executives — dies at 90
Under the leadership of his generation, the fashion department store went public, launched off-price Rack and expanded into a national retailer.
By Daphne Howland • May 20, 2024 -
Courtesy of Dillard's
Dillard’s beats expectations in tough Q1
CEO William Dillard said the department store focused on profitable sales as “the consumer environment remained challenging.”
By Daphne Howland • May 16, 2024 -
Daphne Howland/Retail Dive
Deep DiveMacy’s and J.C. Penney have two very different real estate strategies
One has a downsizing plan that includes profitable stores. The other plans to keep — and possibly open — even low-volume stores. What’s going on?
By Daphne Howland • May 16, 2024 -
Daphne Howland/Retail Dive
J.C. Penney remains profitable, could open new stores
Holiday and full-year sales fell, and net income plunged. But the CEO of one of the retailer’s owners says its ongoing profitability could merit an expansion.
By Daphne Howland • May 10, 2024 -
Courtesy of Kohl's
Kohl’s announces locations of 200 Babies R Us shop-in-shops
The move gives the department store chain another store-in-store partnership alongside Sephora.
By Nate Delesline III • May 9, 2024 -
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 recently took the helm, 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
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