Department Stores

09/10/2014 - 5:21pm

Fitch Ratings downgraded the credit ratings of Sears Holding Corp. from “CCC” to “CC,” citing the “magnitude” of the retailer’s drop in profitability and lack of visibility to turn operations around as a significant concern.

09/09/2014 - 5:03pm

J.C. Penney Company Inc. is raising capital by selling $350 million worth of senior notes due in 2019.

09/04/2014 - 4:24pm

The board of directors of Nordstrom Inc. has authorized a repurchase program of up to $1 billion of the company’s outstanding common stock, through March 1, 2016.

09/04/2014 - 11:17am

Saks Fifth Avenue is launching a user-generated content hub on Saks.com called #SaksStyle.

09/04/2014 - 11:04am

Trying to stay competitive with Amazon.com on price may not be the best path to success for department store and discount retailers.

09/04/2014 - 11:01am

Kmart is offering a no-money-down layaway program to members of the Shop Your Way loyalty program for the holiday season, starting Sept. 4.

09/03/2014 - 6:05pm

The department store wars are sure to heat up in Manhattan with the announcement that Neiman Marcus is coming to the Big Apple.

09/03/2014 - 11:17am

Keith Sherwell, who served as CIO of Sears Holding Corp from March 2010 to June 2013, has been named CIO of the Office Depot international division, effective Sept. 15.

09/03/2014 - 10:57am

Kohl’s Department Stores and multiplatform media company AwesomenessTV have launched a partnership to launch S.o. R.a.d., a seven capsule limited-edition junior’s fashion line and “Life’s S.o. R.a.d.,” an original four-season YouTube series featuring top teen influencers.

© 2014