Department Store

With the holiday shopping season underway and many retailers bracing for stiff competition, Kohl’s plans on keeping its doors open for more than 100 hours, from 6 a.m. Friday, Dec. 20 through 6 p.m. Christmas Eve, Tuesday, Dec. 24.

Although the strategy is familiar to retailers such as Toys “R” Us, it is a first for Kohl’s. The move comes following a comparable-store sales increase of 0.9% for the second-quarter which fell short of Wall Street estimates.

New York  — DryClean NYC has signed a lease for a fourth location in Upper Manhattan, according to Faith Hope Consolo, chairman, Joseph A. Aquino, executive VP and Arthur Maglio of Douglas Elliman’s Retail Group, who arranged the lease. The new store will open at 708 St. Nicholas Avenue, between 145 and 146th Streets.

This is the fifth lease the Retail Group has arranged in the building. The other four stores include Sugar Hill Medical Plaza, Unity Wines & Spirits, W Dental and Metro PCS.

New York -- J. Crew Group Inc.'s third-quarter earnings rose 6.8% on improved sales.

For the period ended Nov. 2, J. Crew reported a profit of $35.4 million, up from $33.2 million, a year earlier.

Revenue increased 11% to $618.8 million. Same-store sales role 5%.

Retail store sales grew 7.3% to $420.2 million, while direct sales climbed 21% to $189.8 million.

Boulder, Colo. -- Nordstrom is North America’s overall favorite fashion retailer for the second consecutive time, according to a new study of more than 6,800 consumers conducted by Market Force Information (Market Force), a provider of customer intelligence solutions.

Kohl’s is the most visited for casual clothing, business attire and children’s clothing, while Dick’s Sporting Goods won out for sports apparel and DSW for footwear.

Milwaukee — The Marcus Corporation has announced the initial line-up of tenants at The Corners of Brookfield, an open-air, town-center-style development in Brookfield, Wis. The mixed-use 460,000-sq.-ft. development will be anchored by Wisconsin’s first Von Maur department store, which will span 140,000 sq. ft.

The announcement followed a vote by the Brookfield Board approving the development agreement between the town and Marcus. The agreement provides for tax incremental financing for the project.

Ottawa, Ontario -- Black Friday deep discounts could be a myth, with only a few retailers dropping prices on only a few categories. Some key findings from pricing intelligence technology provider 360pi based on Amazon's own assortment in eight categories, including TVs, video games, tablets and digital cameras, show that:

Menomonee Falls, Wis. – Kohl’s will keep its doors open for more than 100 hours straight, beginning at 6 a.m. on Friday, Dec. 20 through 6 p.m. on Christmas Eve, Tuesday, Dec. 24. Kohl’s is also offering free gift boxes and a “no questions asked” returns policy that offers full refunds and exchanges for purchases made with a receipt or on a Kohl’s charge card.

Walmart chief marketing and merchandising officer Duncan Mac Naughton told investors during an October meeting that the retailer would have the largest share of voice during the holiday season and that was certainly evident during November, according to data released this week from Kantar Media Ad Intelligence and Placed.