Department Store

In the name of optimizing its omnichannel approach, Macy's said it plans to close between 35 and 40 department stores at undisclosed locations in early 2016 while moving ahead with expansion of its off price format.

Menomonee Falls, Wis. – Kohl’s Department Stores is helping consumers have a very omnichannel holiday season.

The retailer will provide the option to buy items online and pick up in store at all stores nationwide with premier, designated parking for customers picking up their purchases.

Kohl’s is looking to get a leg up on the competition this holiday season with an early lineup of the hottest toys this December.

The retailer’s top toys for the holiday season include an exclusive assortment from Star Wars and trusted national brands, including Barbie, Fisher-Price and Melissa & Doug.

Hoffman Estates, Ill. – Sears Holding Corp. is protecting the assets of its pension fund following the creation of its Seritage Growth Properties real estate investment trust (REIT).

The company has entered into a five-year agreement with Pension Benefit Guarantee Corp. (PBGC) to guarantee that it will continue to make required contributions to the fund.

New York -- An Irish fast-fashion leader is getting ready to make its U.S. debut.

Primark, known for its value prices and on-trend fashions for the entire family, leased a 677,000-sq.-ft. distribution center to support its entry into the United States.

Gap Inc.’s sales slump continued in August across all its brands with one notable exception.

Garden City, N.Y. -- Simon announced that Roosevelt Field, located in Garden City, New York, has entered its final stages of redevelopment, and also released the names of retail brands to occupy the new two-level retail wing. Most of the stores, with some opening early September, will make their Long Island debut. The new wing will lead to the area's first Neiman Marcus store opening in February 2016.

San Jose, Calif. -- The back-to-school season traditionally gives retailers a much-needed boost, bringing traffic into stores in August. How did things turn out this year?

Not so great it turns out, according to RetailNext Inc., which provides retail analytics for brick-and-mortar stores. The firm’s, monthly Retail Performance Pulse revealed a 7.3% year-over-year decrease in sales on a 9.9% decline in traffic at physical stores for the retail month of August (Aug. 2 through Aug. 29 on the retail 4-5-4 calendar).