Department Store

Hudson’s Bay Co.’s is taking advantage of the views and design of its iconic Calgary building in a new way.   Through a partnership with restaurant group Oliver & Bonacini, the retailer is transforming the entire sixth floor of its 104-year-old building into an event venue. The 18,000-sq.-ft. space, called The Hudson, features meeting rooms on either side of a large common area, and two large event spaces that can accommodate up to 700 people, according to The Calgary Herald.  

Gymboree Corp. could be filing Chapter 11 sooner than expected.   Struggling to manage its debt and churn a profit, Gymboree missed an interest payment due June 1, for its outstanding 9.125% senior notes due 2018. The missed payment was reported in a filing on Thursday, June 1, by the Securities and Exchange Commission, according to CNBC.   

An online clothing brand best known for its signature shirts that are designed to be worn untucked is going to open at Mall of America, in Bloomington, Minnesota.    Untuckit will open a 1,300-sq.-ft. outpost  at the giant mall this fall. It will be the company's first store in Minnesota, and carry shirts for both men and women.      

As H&M braces for the opening of its first Arket store, it is already putting a plan in motion for its second location.   The fast-fashion chain announced in March that is plans to launch its new brand, Arket, in early fall. Arket, H&M’s first new brand in three years, will feature merchandise men, women and children, and a smaller, curated assortment of home goods.  

Macy’s named two key leaders in a move to bolster the company’s digital initiatives.   The department store chain named Yasir Anwar as its executive VP and CTO, effective immediately. In this new role, Anwar will oversee all technology functions for Macy’s, including expanding the company’s technological capabilities and further driving mobile and digital growth.  

Retailers looking to bring customers in the door need to upgrade the shopping experience with added amenities.    That's according to JLL, whose new report examines how brick-and-mortar retailers can deliver in-store experiences and brand loyalty through added amenities.  The report, JLL’s Retail Amenities Guide, notes that  today's shoppers have countless options when it comes to where they can buy, leaving retailers with fewer opportunities to create brand converts.    

For the second time in less than three years, Kmart was hit by a malicious hack.   On Wednesday, May 31, Kmart’s parent company, Sears Holdings revealed that the chain was the victim of a security incident. The company became aware of the attack, which involved unauthorized credit card activity, following certain customer purchases made at some of its Kmart stores. Shoppers were alerted to the breach via email Wednesday evening.   

Fred Segal is designing its new flagship to be more than a just “a store.” Instead, it’s creating “a style and design laboratory.”