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Department Store

  • Rochester outlet center adds Macy’s building

    A mall-to-outlet center conversion underway in Rochester, New York, took a big step forward this week with the acquisition of a Macy’s building on the property.  

  • Washington Spotlight: Is Ivanka a Retail Partner or Issue Adversary?

    The  retail community has had a curious relationship with the Ivanka Trump brand over the last year or two. Some prominent brands proudly display her clothing, shoe and accessories lines. Others carry it, but really don’t highlight it too much, and some have decided  to drop it all together.   

  • Hudson’s Bay Co. eyes reinvention amid steep Q4 loss, dismal year

    Hudson’s Bay Co. mirrored the challenges confronting the department store industry as it swung to a loss in its fourth quarter  and said it would cut costs and capital spending.   

  • Ralph Lauren to reduce headcount, close flagship, deploy new online platform

    Ralph Lauren Corp. is shaking things up—and cutting costs.   The company, which has been struggling with weak sales,  on Tuesday said it would reduce corporate staff, close its Polo flagship on Manhattan’s Fifth Avenue, and move its online platform to Salesforce’s CommerceCloud solution.    

  • Report: Staples in talks with buyout firms

    Is Staples looking to go private?   Less than a year after its deal to acquire Office Depot Inc. fell through due to antitrust concerns, Staples is in early discussions with private-equity bidders, according to The Wall Street Journal.   Staples had no comment on the report, which said that based on typical takeover premiums, the office supply chain could be valued at roughly $7 billion or more. But the news sent its stock soaring to a four-year high on Tuesday morning   

  • Noted industry veteran rejoins R.J. Brunelli

    When Michael Murphy started his career as a mall marketing director with Ernest W. Hahn in California, the Beatles had just recently broken up and enclosed malls were the new wave in retail. Now, after four years as director of retail services at Cushman & Wakefield, Murphy has returned  to R. J. Brunelli  & Co.to take up his former position as senior sales associate.  

  • Kmart exec to head up Pier I

    A former executive at Sears Holdings Corp. has has been named president and CEO of Pier I Imports.     Alasdair James, 46, will take the reins of the home décor chain on May 1, 2017. He replaces Alex Smith, who was ousted from the company at the end of last year amid slumping sales.   

  • Starwood names new leasing chief

    Michael J. Powers, a leasing veteran and principal in a progressive hair salon concept, has been promoted to senior VP and head of leasing at Starwood Retail Partners.   Prior to joining Starwood as VP of leasing in 2013, Powers helped found Salonspace, a concept that seeks to provide hair stylists with a workplace environment they can approach on their own terms. He is a leasing veteran of Simon Property Group, Steiner + Associates, and Glimcher Realty Trust.  
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