Skip to main content

Department Store

  • JCPenney narrows loss, sales unexpectedly fall

    Plano, Texas -– Amid restrained consumer spending and warmer weather that dulled sales of seasonal merchandise, JCPenney Co. Inc. managed to shrink its third quarter net loss more than Wall Street expected in the third quarter of fiscal 2014, but missed projections with weaker-than-expected net sales.  

  • Macy’s views omnichannel as Q4 advantage

    Macy’s third quarter sales were lower than expected but the company still managed to grow profits by 30% and expressed optimism regarding the fourth quarter.

    The department store retailer said same store sales declined 0.7% while total sales    declined 1.3% to slightly less than $6.2 billion during the third quarter ended Nov. 1. Net income increased 22.5% to $217 million while earnings per share, aided by the repurchase of nine million shares, increased 30% to 61 cents a share.

  • Macy’s Q3 tops Street but sales lag; cuts full-year outlook

  • Best Buy to open 5 p.m. on Thanksgiving, one hour earlier than last year

    Minneapolis -- Best Buy has joined the ranks of retailers that have moved up the time their stores will open on Thanksgiving Day. The consumer electronics giant said Tuesday that some 1,000 of its stores will open at 5 p.m. on Thanksgiving Day, which is one hour earlier than last year. The stores will close at 1 a.m. Friday before reopening at 8 a.m. on November 28 (Black Friday) and close at 10 p.m. that day.  

  • Santa sizzles in Belk’s digital effort

    Department store retailer Belk has enlisted a hot male model to serve as a non-traditional Santa Claus at the center of a multifaceted digital initiative.

  • Guest Commentary: Overtime Pay--Claims by Store Managers and Assistant Managers on the Rise

    By Nicholas Fortuna & Paula Lopez of Allyn & Fortuna LLP  

  • Sears plans to convert its property in Aventura, Fla., to mixed-use development

    Aventura, Fla. -- In another move to capitalize on its extensive real estate portfolio, Sears Holdings Corp. has submitted plans to the City of Aventura in Florida for the redevelopment of the Sears property at Aventura Mall into an open-air village that will feature retail, restaurants, offices and a hotel.

     

  • Moody’s forecasts 4- to 5% sales increase in 2015

    New York -- The outlook for the U.S. retail industry in 2015 is stable, according to a new report by Moody’s Investor Service, which forecasts that retail sales will grow 3- to 4% in 2014,  and 4- to 5% in 2015.     The report, Moody’s U.S. Retail Industry Outlook, also finds that traditional brick-and-mortar retailers will be formidable competitors to pure-play online merchants.    
X
This ad will auto-close in 10 seconds