Department Store

Hoffman Estates, Ill. -- Sears Holdings widened its loss in the third quarter as sales decreased at both its Sears and Kmart units.

For the three months ended Nov. 2, Sears lost $534 million, down from a loss of $498 million a year earlier.

Revenue fell 7% to $8.27 billion from $8.86 billion mostly because it had fewer Sears and Kmart stores operating.

Same-store sales dropped 3.1%, and were down 4% at Sears' stores and declined 2.1% at Kmart stores.

Philadelphia — Pennsylvania Real Estate Investment Trust has completed the sale of Chambersburg Mall in Chambersburg, Pa., for $8.8 million.The sale marks another step in PREIT’s continuing effort to improve the quality of its portfolio through the sale of non-core assets. Net proceeds from the transaction totaled approximately $8.4 million.

When the new Nordstrom Rack opened at Mercato in Naples, Fla., in early November, 500 people somehow got into the store within the first five minutes. No kidding.

Nordstrom Rack replaced Books-A-Million in a 30,000 sq. ft. space in the center, joining several other new tenants including The Wine Loft, The Counter, MASA, Kelly Chase Couture and Mark Loren Designs, Le Macaron, Salon Zen AVEDA, Second Cup and TAPS Bar & Lounge.

New York -- Eminence Capital which owns 9.8% of the common stock of The Men's Wearhouse and is its single largest shareholder, on Wednesday released a presentation describing why Men’s Wearhouse board of directors should engage in merger discussions with Jos. A. Bank Clothiers, Inc. Eminence Capital also said that it has retained Moelis & Company as a strategic advisor.

By Ali Lipson, senior retail and apparel analyst, Mintel

Macy’s flagships in Herald Square, New York, and Union Square, San Francisco, are the first major retail locations to deploy Shopkick’s Apple iBeacon-based presence signal. The trial is in closed beta and is anticipated to go live to Shopkick users within weeks.

Redwood City, Calif. -- Macy’s flagships in Herald Square, New York, and Union Square, San Francisco, are the first major retail locations to deploy Shopkick’s Apple iBeacon-based presence signal. The trial pairs Shopkick and Macy's, an inaugural Shopkick partner, at the forefront of the mobile in-store experience. Now in closed beta, the trial is anticipated to go live to Shopkick users within weeks.