Michael West has joined Neiman Marcus Group Inc as senior VP, distribution, logistics and fulfillment.
Nordstrom announced plans to open a full-line store at The Domain in Austin, Texas.
Sears Holdings Corp. on Friday acknowledged that it is reviewing its systems to see if it has been the victim of a security breach.
Sears Holdings’ CEO Eddie Lampert strongly defended his company in his annual letter to shareholders, saying not only does he believe Sears is headed in the right direction, but that “the entire retail industry is headed to where we already are.”
Neiman Marcus is launching the NM app for iPhone.
Sears Holdings Corp. narrowed its loss for the fourth quarter as it lowered expenses and reduced inventory.
In a sign of some progress in its turnaround efforts, J.C. Penney Co. reported a net profit of $35 million for the fourth quarter ended Feb. 1, 2014, compared to a loss of $552 million a year ago.
Macy's Inc.'s fourth-quarter profit increased 11%, but the chain’s sales missed forecasts as ongoing winter storms caused a sales slump in January.
Holiday markdowns and costs associated with growing its Nordstrom Rack outlet brand and planned entry into Canada had a negative impact on net earnings at Nordstrom Inc. during fourth quarter 2013.
J.C. Penney Company has named Ed Record as CFO, effective March 24. He will also serve as executive VP.