Department Store

One of the nation's most successful department store retailers may remove itself from the scrutiny and pressure of Wall Street.    

A retailer that does nearly all of its transactions online has the most popular store credit card.   Amazon wins the store card battle, ranking as the top choice among consumers with store cards (32%), followed closely by Target (30%) and then Macy’s (24%).   

Hudson's Bay Co., whose banners include Saks Fifth Avenue and Lord & Taylor, has lowered the ax.  

As Sears Holdings continues to struggle, the chain has once again updated is restructuring plan.   The embattled retailer has added 72 more stores to its list of upcoming closures. This is in addition to more than 180 closings that it already an-nounced, according to Business Insider.   

In reaction to changes that have transpired in the adjoining East Cambridge and Kendall Square neighborhoods since it debuted in 1990, CambridgeSide Galleria outside of Boston is undergoing a $30 million makeover.   Owner New England Development calls it a “repositioning” that will see the “Galleria” tag dropped from the title of the center, one of the first regional enclosed malls erected in an urban setting. It is the centerpiece of a 1.2-million-sq.-ft. mixed-use project that includes office space and a hotel.

It’s closing time for Bebe Stores.   The struggling apparel retailer said on Wednesday, June 7, that it reached agreement with substantially all of its retail store landlords to terminate their existing leases. The cost to terminate the leases is estimated to be approximately $65 million.  

J.C. Penney is determined to become college-bound co-eds’ shopping destination for all of their dorm room needs.  

Macy’s is toying with a lofty idea that could create more traffic at its Herald Square store in New York City.