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  • DSW expanding store base

    Columbus, Ohio -- DSW continues its march across America.

    The footwear and accessories retailer is opening 22 stores this fill, including six locations in new markets.

    "Expanding our store base allows us to grow our footprint in areas we already call home, while also bringing DSW stores and the DSW brand to areas where our customers have been anticipating our arrival,” said Carrie McDermott, executive VP and COO of DSW, which operated 449 stores in 42 states.

  • The turnaround plan at Kohl's isn't working

    Kohl’s has joined other major retailers this week reporting disappointing earnings and anemic same store sales growth.

    The Wisconsin-based retailer posted a profit of $130 million in the second quarter ended Aug. 1, below the $232 million in the prior-year quarter. Earnings per share were 66 cents, compared with $1.13 in the second quarter of 2014. Same store sales grew a measly 0.1%. Overall revenue increased by just 0.6%, to $4.27 billion for the quarter.

  • New stores key to Stein Mart’s sales strategy

    Jacksonville, Fla. -- Off-price retailer Stein Mart continues to pursue the accelerated store growth strategy that it began in 2014.

    The off-price retailer announced it will open nine stores this fall, and at least 12 new locations in 2016.

    The news follows the company's recent release of first half 2015 total sales growth of 6.1% and comparable store-sales growth of 4.0%.

  • Dismal Q2 for Kohl’s

    New York -- It’s been a rough week for department stores.

    Kohl’s Corp. joined Macy’s and Dillard’s this week in reporting disappointing earnings and weak same-store sales growth.

    Kohl’s posted a profit of $130 million in the second quarter ended Aug. 1, down from $232 million in the prior-year quarter.

  • It's not about back to school, it's 'vacation season' for parents

    Kmart is taking a comedic approach to its back-to-school promotions this year with an eccentric ad campaign.

    The retailer has rolled out an ad that touts back-to-school season not being about students, but about parents getting ready to get their free time back.

  • Macy’s Q2 falls short; announces new omnichannel, global initiatives

    Cincinnati -- Macy’s on Wednesday announced several key initiatives to drive its growth going forward, ranging from new store ventures to digital efforts to an international foray.

  • These brands are tops with students

    Barnes & Noble is tops when it comes to the most powerful “Back-to-School” retail brands, according to a new survey.

  • Washington Property Co. acquires $9.5 million Maryland shopping center

    Bethesda, Md. -- Washington Property Company announced it has acquired Ballenger Creek Plaza, a 75,527-sq.-ft. center located in Frederick, Maryland, for $9.5 million.

    “Washington Property Company is excited about expanding its retail portfolio with the acquisition of Ballenger Creek Center,” said WPC president Charles K. Nulsen, III. “We plan to renovate and reposition this neighborhood center in the growing submarket of southwestern Frederick.”
     

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