Department Store

Commentary: Gap management talks a better game than it is actually playing
Although Gap's headline first-quarter sales growth looks very strong, the reality is that it is inflated by both currency gains and a change in the way revenue is accounted for.
Not all Starbucks will close on Tuesday afternoon
Target Corp.’s Starbucks cafes will remain open when the coffee giant closes its U.S. stores on the afternoon of May 29 for racial-bias training.

Retail Design Institute unveils Store of the Year

An Australian specialty skincare retailer took home the top honor in the Retail Design Institute’s annual international design competition.
Five trends in five years will reshape U.S. mall mix

Expect the malls of 2023 to include new uses and experiences, as retail real estate responds to five major industry and demographic trends over the next five years.
Nordstrom Rack expanding its California footprint

The off-price division of Nordstrom is adding two new locations in Los Angeles county.
Growth slows at Gap’s most important division

Gap Inc. on Thursday reported first quarter earnings and same-store sales that missed Street analysts amid a surprising slowdown at its Old Navy brand. Total sales, however, were better than expected.
Macy’s taps former Ahold exec to head up finance

Macy’s has found a replacement for longtime CFO Karen Hoguet, who is retiring after 21 years in the role.
Ralph Lauren sales, profit beat expectations as turnaround gains ground

Ralph Lauren reported better-than-expected results for its fourth quarter amid the company’s ongoing shift to reduce its department store distribution and sell more products at full-price.
Billionaire toy mogul abandons quest to buy some U.S. Toys “R” Us stores

Isaac Larian, founder and CEO of toy company MGA Entertainment Inc., has thrown in the towel when it comes to Toys “R” Us.
Kohl’s Q1 profit, sales easily top Street; lifts forecast

Kohl’s posted a strong performance in its first quarter amid improved inventory management and ongoing efforts to improve store traffic and court millennials.

Commentary: Gap management talks a better game than it is actually playing

Not all Starbucks will close on Tuesday afternoon

Retail Design Institute unveils Store of the Year

Five trends in five years will reshape U.S. mall mix

Nordstrom Rack expanding its California footprint

Growth slows at Gap’s most important division

Macy’s taps former Ahold exec to head up finance

Ralph Lauren sales, profit beat expectations as turnaround gains ground

Billionaire toy mogul abandons quest to buy some U.S. Toys “R” Us stores

Kohl’s Q1 profit, sales easily top Street; lifts forecast