JCPenney Co.

Bruised by weak fourth-quarter results, department stores are now planning more cautiously for 2017 as they re-evaluate how to compete in a rapidly changing retail environment,   

2017 is just two months old, but we have already experienced what feels like a year’s worth of major store closing and liquidation announcements from national brands. This spike in store closings seems to have rattled retail industry professionals, and has gotten retail analysts and observers talking about big shifts – and thinking not only about what comes next, but how painful the transition might be in the meantime.  

Specialty retailer to explore alternatives An Indianapolis-based appliance and electronics chain is bringing in outside help as it struggles with sinking sales.    Hhgregg announced that it has engaged subsidiaries of Stifel Financial Corp. for advice on potential strategic and financial transactions as the retailer works to improve liquidity and return to profitability.   Retail CEOs meet with Trump The CEOs of Gap, Best Buy, Target Corp., J.C. Penney and several other national retailers met with President Trump on Wednesday to discuss tax reform and to make their case against the so-called border tax adjustment.   Burlington the latest Sears replacement for PREIT Burlington has been announced as the replacement for Sears at PREIT’s Magnolia Mall in Florence, South Carolina. Earlier this month, Dick’s Sporting Goods and Von Maur were introduced as new tenants of Sears spaces that had been recaptured by the Philadelphia-based developer.   More bad news for department store sector — from Moody’s A less than stellar holiday season for U.S. department stores has led Moody's Investors Service to revise its forecasts downward for the sector's operating income.   In its new report, the rating agency said it now expects 2016 aggregate operating income to decline 18%, rather than 11%, and for sales to also decline in the year ahead.   Sacramento mall charted steady growth in 2016 Arden Fair Mall in Sacramento released its annual sales report this week and verified the fact that not all traditional malls are on the endangered list.   The 1,112,000-sq.-ft. property, owned by Arden Fair Associates and managed by Macerich, showed consistent month to month growth through 2016, capped by a 10% year-over-year sales increase in December, according to the accounting.   Dick’s Sporting Goods to take former Sears space at Capital City Mall Dick’s Sporting Goods will be relocating one of its stores in the Harrisburg, Pennsylvania, metro to space formerly inhabited by Sears at PREIT’s Capital City Mall.   Dillard’s to replace Macy’s at Utah Mall Dillard’s has signed an agreement to move into a shuttered Macy’s store at the Layton Hills Mall in Layton, Utah, north of Salt Lake City. Construction on the 160,000-sq.-ft. site is set to begin in April, looking toward a fall 2017 opening.   CBRE execs are first to complete rigorous retail course at U. of Arizona Eighty retail real estate executives from CBRE recently gained the distinction of being the first class to graduate from a course designed to give field professionals a deeper knowledge of rapidly evolving retail business models and how they influence site selection.   First Previous 40 41 42 43 44 Next Last X This ad will auto-close in 10 seconds