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Department Store

  • Apparel, accessories retailer taps Stages Stores exec as CEO

    Francesca's Holdings Corp. has found a chief executive.   The retailer appointed Steven P. Lawrence, who currently serves as chief merchandising officer for Stage Stores, as president and CEO. Lawrence, who was also appointed to the company’s board, will officially join Francesca’s in October 2016.   Lawrence replaces Richard Kunes, who has been serving as Francesca’s interim chairman, president and CEO since May 2016. Kunes will become the company’s chairman of the board.

  • Target in $5 billion share repurchase program

    Target Corp. on Wednesday announced its board has authorized a $5 billion share buyback plan.   The retailer will begin repurchasing shares under the new plan upon completion of its current $10 billion program, which is expected before the end of fiscal 2016 in January. Under that program, the company has purchased $8.8 billion worth of shares.   Target also declared a dividend of 60 cents per common share for the fourth quarter, unchanged from the third quarter.  

  • Shoppers less irritated by ‘Christmas Creep’

    Although most Americans are still irritated to see holiday items appear in the store alongside Halloween goodies and don’t like stores being open on Thanksgiving, attitudes are beginning to change.   

  • Macy’s to host first national holiday hiring day

    Macy’s is the latest retailer to announce it will hire roughly the same amount of holiday employees as last year.    This holiday season, the department store giant plans to hire approximately 83,000 associates for positions across its Macy’s and Bloomingdale’s stores, call centers, distribution centers and online fulfillment centers nationwide.   

  • Department store retailer in expansion mode

    Not all department stores are scaling back on their portfolio.    Von Maur Department Stores has opened its third location in the state of Georgia, a 165,000-sq.-ft. store at the Mall of Georgia in Buford.  

  • Toys 'R' Us’ ongoing turnaround plans include more stores

    Fun. And smaller stores.   Both are part of Toys “R” Us’ plan to revive itself, Bloomberg reported.  

  • Von Maur adds new location for specialty store format

    Von Maur is slowly expanding its Dry Goods women’s specialty store format.   The retailer has opened a 4,000-sq.-ft. store at Woodland Mall. Since launching in 2010, Dry Goods has grown to 19 locations across six states.   Dry Good’s name and  store design were inspired by Von Maur's heritage as a dry goods store, dating back to 1872 in downtown Davenport, Iowa.    

  • Casto’s focus shifts to urban projects

    Casto has been successful building shopping centers in Ohio for 70 years because it’s not afraid to shift with the times, Don M. Casto III said in yesterday’s edition of the Columbus Dispatch.   The company has increasingly joined forces with other developers on mixed-use projects and turned back to its roots of building residences and retail buildings in downtown Columbus, the paper reported.   
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