Department Stores

Department stores have a new playbook for this holiday season: How Macy’s, Dillard’s, and Nordstrom are getting their groove back this holiday season | Fortune

November 6, 2025 · Business

A Los Angeles Times headline in 1995 asked, “Can the department store survive?” A quarter century later, CNN proclaimed that “America has turned its back on big department…

Former CEO is finally facing the music for alleged sex trafficking and prostitution ring during his time at Abercrombie

October 23, 2024 · Business

Millennials: You’ll remember walking into Abercrombie & Fitch in the late ‘90s and early 2000s. Loud, thumping music, perfume so strong you could barely think straight, and posters…

Kmart Is Closing Its Last Full-Sized Store in the U.S. | Entrepreneur

September 24, 2024 · Business

Attention, Kmart shoppers: On October 20, Kmart’s last full-sized location in the mainland U.S., a store in Bridgehampton, New York, will close its doors. That leaves just one…

Macy’s rejects $5.8 billion takeover bid; Arkhouse threatens to go to shareholders

January 21, 2024 · Breaking News

Macy’s Inc. said Sunday it has rejected an unsolicited bid by Arkhouse Management and Brigade Capital Management to take the department-store chain private in a $5.8 billion deal,…

Macy’s to lay off 13% of corporate staff, close five stores

January 18, 2024 · Breaking News

Department-store chain Macy’s Inc. plans to cut 2,350 jobs and close five stores, the Wall Street Journal reported on Thursday, as the company tries to curb expenses and…

Home Depot, Target, and More to Watch This Week

August 13, 2023 · Business

Home Depot, Target, Cisco, Deere, Walmart, and More Stocks to Watch This Week Source link

Does Nike have too many sneakers? Its financial results could tell us whether shoes will get cheaper.

June 29, 2023 · Breaking News

Are stores getting more desperate to sell sneakers? Fourth-quarter results from Nike Inc. on Thursday will probably provide part of the answer. Even as its some of its…

Target’s stock snaps longest losing streak in 23 years as anti-LGBTQ+ backlash continues

June 2, 2023 · Breaking News

Target Corp.’s stock is up 0.1% Friday after snapping its longest losing streak in 23 years amid an anti-LGBTQ+ backlash against the retail giant. The stock ended Thursday’s…

Target’s stock, on its longest losing streak in 23 years, downgraded at JPMorgan

June 1, 2023 · Breaking News

Target Corp.’s stock, which is on its longest losing streak in 23 years, was downgraded to neutral from overweight Thursday by JPMorgan, which cited “too many concerns rising”…

Macy’s sales fall short and company lowers full-year guidance to reflect challenged consumer

June 1, 2023 · Breaking News

Macy’s Inc.’s stock slid 9% in premarket trading Thursday, after the department-store chain posted weaker-than-expected fiscal first-quarter sales and cut its full-year guidance to reflect a challenged consumer.…

How pickleball could help save America’s malls

May 17, 2023 · Breaking News

When Andrew Pessano was looking to create a state-of-the-art indoor pickleball facility in southern New Jersey and take advantage of the surging interest in the sport, he considered…

Target stock swings to a gain after earnings beat was offset by a downbeat near-term outlook

May 17, 2023 · Breaking News

Shares of Target Corp. seesawed to a gain early Wednesday, after the discount retailer reported fiscal first-quarter results that beat expectations and reiterated its full-year outlook, but provided…

Walmart, Alibaba, Target, and More Stocks to Watch This Week

May 14, 2023 · Business

Walmart, Alibaba, Target, and More Stocks to Watch This Week Source link

Century 21 Department Store to Reopen in Manhattan in May | Entrepreneur

May 3, 2023 · Business

TikTok loves a good thrift haul, but New Yorkers have long known the euphoric feeling of snagging a designer deal off-the-rack. Century 21 Department Store, once downtown Manhattan’s…

Nordstrom Report Hints at Weaker Spending by Wealthy Shoppers

January 20, 2023 · Breaking News

Nordstrom’s holiday season sales were softer than prepandemic levels, the company said. Craig Barritt/Getty Images for Nordstrom If Nordstrom’s latest sales update is anything to go by, high-income…

Macy’s stock slides as holiday lulls weigh on sales forecast and execs predict difficulties into 2023

January 6, 2023 · Breaking News

Shares of department-store chain Macy’s Inc. slid 8% in after-hours trading on Friday after the retailer gave a more downbeat forecast on its fourth-quarter sales, with management citing…

Running an errand on New Year’s Day? Here is what’s open and closed | CNN Business

December 31, 2022 · US News

New York CNN — Many of us will close out 2022 with celebrations that stretch well into the wee hours of New Year’s Day. But when Jan. 1,…

Eat, drink and be merry: Here’s where shoppers have been spending the most money this holiday season

December 26, 2022 · Breaking News

Restaurants are set to become the biggest winners of a holiday season that could turn out to be the most normalized since the onset of the pandemic. That’s…

JCPenney was once a shopping giant. Can it make a comeback? | CNN Business

November 27, 2022 · Breaking News

New York CNN Business — Marc Rosen didn’t flinch when he was offered the top job at JCPenney last year. A stalwart of twentieth-century retail for middle-class Americans…