Department Store

Hoffman Estates, Ill. – Sears Holdings Corp. is expecting to announce some rare good news about profits thanks to a real estate spinoff when it reports its second quarter results on Aug. 20. But the news will be tempered by dismal sales results.

Plano, Texas -- J.C. Penney nabbed a key executive from Home Depot and also one from Target Corp. as it seeks to maximize the power, reach and integration of its omnichannel efforts.
 
The department store retailer named Michael Amend, former VP of online, mobile and omnichannel for Home Depot, to the position of executive VP of omnichannel effective immediately. He fills a position previously held by Mike Rodgers who left the company.

J.C. Penney just poached two key executives to maximize the power, reach and integration of its omnichannel efforts.

The department store retailer named Michael Amend, former vice president of online, mobile and omnichannel for Home Depot, to the position of executive vice president of omnichannel effective immediately. He fills a position previously held by Mike Rodgers who left the company. Additionally, Mike Robbins, formerly the senior vice president of global supply chain for Target, will be joining the J.C. Penney as senior vice president of supply chain effective Aug. 10.

Saks Fifth Avenue is putting its best foot forward in a hot category.

The retailer plans to open its first-ever stand-alone 10022-SHOE store in Greenwich, Conn. Expected to open in fall 2016, the new 14,000 square-foot location at 20 East Elm Street will be dedicated to women’s footwear and will be just a short distance from the existing Saks Fifth Avenue location in downtown Greenwich.

Fast-fashion giant H&M is adding another set of initials to its aggressive expansion plans. 

As more retailers embrace the reverse trajectory of opening an online store first and a physical store second, the beauty industry is leading the way.

E-commerce has been the fastest-growing retail channel in the U.S. beauty market, with a compound annual growth rate of 24% since 2009, the Kline Group reported on Tuesday. And more of these online retailers are opening physical stores.

London -- Fast-fashion giant H&M doesn’t let any grass grow under its feet.

H&M is expanding its higher-end, minimalist-styled brand, COS (short for Collection of Style). The retailer plans to open four stores in the United States in 2015, starting this fall, with two new markets on tap. COS is also expanding into Canada, with stores set to open in both Montreal and Toronto later this year.

New York -- Saks Fifth Avenue is going to open a freestanding store dedicated to a hot category.

The department store retailer plans to open a shoe store in Greenwich, Connecticut, in fall 2016, Women’s Wear Daily reported.

The store, whose name has not yet been revealed, will be located close to an existing Saks Fifth Avenue store, which will no longer sell shoes.

The new format will be modeled after Saks’ in-store 10022 shoe department, according to the report.