Skip to main content

Department Store

  • Dots acquired by Irving Place Capital

    New York City -- Private equity firm Irving Place Capital announced Tuesday that it acquired value-oriented women’s apparel and accessory retailer Dots. Terms of the transaction, which closed on Jan. 3, were not disclosed.

  • Sears, Kmart launch movie-download service

    NOVATO, Calif. - Sears Holdings has launched a new online movie download service, Alphaline Entertainment (http://alphaline.roxionow.com), which enables Sears and Kmart customers to download entertainment online, including new movies on the same day they are released on DVD and Blu-ray disc. The service is being provided through Sonic Solutions RoxioNow platform.

  • Sears names president of apparel unit

    Hoffman Estates, Ill. -- Sears Holdings Corp. said Tuesday that it has named Lana Cain Krauter as senior VP and president of its Sears Apparel division. Effective Feb. 1, she will lead the charge in growing the division both in-store and online.

    Krauter was previously president and chief merchandising officer for Bealls Department Stores.

    She will be based in San Francisco.

  • CNBC offers its take on Target

    This should be interesting. “Target: Inside the Bullseye” is scheduled to air on CNBC Thursday, Jan. 13 at 9 p.m. EST. The documentary will repeat that evening at 10 p.m., 12 a.m. and 1 a.m. and will also re-air again on Jan. 15 at 8 p.m. and 11 p.m.

  • J. Crew seeks $1.85 billion financing to fund leveraged buyout

    New York City -- J. Crew is seeking $1.85 billion of debt to help fund its $3 billion buyout by TPG Capital and Leonard Green & Partners LP.

    Bank of America Corp. and Goldman Sachs Group are arranging a $1 billion seven-year term loan, $600 million in senior unsecured notes and a $250 million five-year asset-based revolving line of credit, according to a commitment letter attached to a regulatory filing, Bloomberg reported.

  • Century 21 implements Escalate’s Enterprise solution for inventory management

    San Diego -- Escalate Retail on Monday announced that discount department store chain Century 21 has successfully implemented Escalate’s Enterprise1 ERP solution for management of the retailer’s inventory, merchandising and financials.

    Century 21 chose Escalate’s Enterprise1 to more effectively keep pace with the enormous amount of inventory that goes through the store every day.

  • Sales growth and challenging outlook on tap for Thursday

    Retailers who report monthly sales are set to report their best December results in several years this Thursday assuming preseason forecasts and in-season upward revisions prove accurate. Total holiday sales are forecast to increase in the low- to mid-single digits, and Thursday’s monthly results from the likes of Target, Macy’s, Kohl’s, TJX and others will offer an indication of how good a season it was.

  • Retail’s Clash of the Titans: Walmart and Target

    By Craig R. Johnson

X
This ad will auto-close in 10 seconds