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Department Store

  • Update on American Apparel

    American Apparel’s preliminary results for its third quarter are not looking very good.

    The beleaguered retailer said it could not meet the deadline to file a quarterly report for the three months ended Sept. 30, noting that efforts related to its Chapter 11 bankruptcy filing in October have taken up a good deal of its time.

    But American Apparel released estimates in which net sales for the quarter were down 19.1% to $126 million.

  • Neiman Marcus names design firm for its first Manhattan location

    New York-based Janson Goldstein LLP has been tapped as the design firm for the Neiman Marcus store at Hudson Yards in Manhattan, Women’s Wear Daily reported.

    The firm has a wide-ranging practice that includes both residential, hospitality and retail work, with a roster of clients that includes Holt Renfrew, Intermix and Saks Fifth Avenue.

  • Macy’s to test new hybrid store format; grow specialty stores

    Macy’s may be cutting back on the number of department stores in its portfolio, but the company is moving ahead with brick-and-mortar growth in other areas.

    Over the next two years, Macy’s plans to open about 50 Macy’s Backstage stores in off-mall locations. The roll out builds on the launch of the off-price format this past September.

  • JLL: Black Friday ‘creep’ into Thanksgiving remains strong

    Nearly one-third of retailers surveyed by JLL say they plan to open on Thanksgiving Day in order to get a jump on Black Friday sales.

    JLL’s 2015 Holiday Sentiment Report, which includes feedback from largely national or global retailers in JLL-managed shopping centers across the United States, also reveals more than half of those retailers expect an uptick in shopper traffic this year.

  • Meijer pledges $400K to holiday toy program

     Any toy purchased at Meijer through Nov. 30 will help the Grand Rapids, Mich.-based retailer grant a child's wish this holiday season.

    Meijer is once again donating a portion of customer purchases made in the toy department, up to $400,000, to children's gift-giving programs throughout the Midwest.

  • Alibaba makes $5 billion in 90 minutes

    The world’s biggest online shopping holiday got off to a roaring start in China.

    In the first 90 minutes of the “Singles Day” sale, which kicked off at 12 midnight in Beijing on Nov. 11, total sales exceeded $5 billion, Alibaba reported. About 74% of sales were from mobile phones.

    Estimates are that annual shopping extravaganza could reach as high as $11 billion in sales.

  • As Black Friday nears, retailers say yes to Turkey Day

    With a little over two weeks until Black Friday weekend, Best Buy, HHgregg and other retailers are hoping many U.S. consumers have made shopping after Thanksgiving dinner a holiday tradition.

    The consumer electronics retailers joined a growing list of retailers that released their Thanksgiving 
    plans this week. Both Best Buy and HHgregg have decided to keep their same holiday sales plans from last year.

  • Trademark’s Saddle Creek property brings new retail to Tennessee

    Germantown, Tenn. -- Trademark Property Co. announced Lily Rain will open a 1,600 sq. ft. store at Saddle Creek, in Germantown, Tennessee. The store will be Lily Rain’s first Tennessee location and will open in spring 2016 next to Michael Kors.

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