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  • Macy’s adds real estate expert to its exec team

    Amid ongoing pressure from investors to maximize the value of its real estate holdings, Macy’s has appointed Douglas W. Sesler as executive VP for real estate, effective April 5.

  • Christopher & Banks board member withdraws name

    For about three hours the morning of April 4 it looked like Christopher & Banks had found itself a new board member, but then the company discovered a conflict that prevented the high level executive from accepting the nomination.

  • Good news for retailers in March jobs report

    March was a solid month for U.S. job makers, with retailers leading the way.

    The retail industry — excluding autos, gasoline and food services — added a solid 40,000 jobs in March, the National Retail Federation reported on Friday. The job market overall saw growth of 215,000 jobs in the month of March.

    Retail has added an average of 52,000 jobs per month over the last three months.

  • Department store giant continues to expand outlet store formats

    Macy’s announced it will open a new Bloomingdale's Outlet store in November 2016 at The Outlets at Orange, in Orange, California.

    The 24,000-sq.-ft. store will be the 17th Bloomingdale's Outlet location and offer a range of off-price apparel and accessories for men, women and children.

  • Fast-growing start-up brings indie and boutique shopping to online commerce

    Featuring 250 boutiques and designers from the U.S. and Canada, online marketplace site Garmentory connects brick-and-mortar boutiques and emerging designers to shoppers all over the globe via their online platform and mobile site, according to a CNBC.com report.

  • J.C. Penney taps athletic wear trend with new line

    J.C. Penney is teaming up with WWE to launch a new line of performance apparel for men and women.

    Tapout, a global fitness and training brand recently re-launched by WWE and Authentic Brands Group, is now available in nearly 300 J.C. Penney stores and at jcp.com, with plans to launch a women’s collection this summer.

  • PREIT Sells four non-core malls for $92.35 million

    Philadelphia -- PREIT announced it has completed the sale of four additional non-core malls. This is a milestone achievement for the company that signifies the near-completion of non-core mall disposition effort with one remaining mall being marketed for sale.

    Mall disposition transactions include:
    • Lycoming Mall in Pennsdale, Pennsylvania, anchored by J.C. Penney, Sears, Bon-Ton and Macy's sold for $26.35 million.

  • No bonuses or pay hikes for Macy’s execs

    Macy’s CEO and other top executives are feeling the pain of the chain’s disappointment financial performance in 2015.
       
    The board decided to award no bonuses after the chain fell short of its sales, cash flow and earnings goals, Macy’s said in a regulatory filing, according to Bloomberg.

    Click here for more.

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