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Off-price retail is poised to keep taking market share. Why is TJX's stock stuck?
14 Apr 2024 21:43 GMT
Off-price is not going off-trend anytime soon. That might not be clear based on recent trading in TJX Companies' stock. Club holding TJX Companies and rival Ross Stores are well-positioned to keep stealing market share from other retailers, …
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Macy's: A Sell On Rising Credit Card Delinquencies
18 Apr 2024 06:52 GMT
Jason DoiyIntroduction Macy’s, Inc. (NYSE:M) is an American retail company that operates department stores across the entirety of America. As with many department stores in America, the past decade has been tough for Macy’s, with multiple store closures …
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Macy's proxy fight is over, but the battle for the department store's future wages on
13 Apr 2024 12:16 GMT
Shopping bags in front of the Macy's Inc. flagship store in the Herald Square area of New York, US, on Monday, Nov. 13, 2023. US holiday sales will grow at a slower pace this year amid economic headwinds such as higher interest rates, the National …
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Nike CEO says focus on its own website and stores went too far as it embraces wholesale retailers again
12 Apr 2024 17:28 GMT
Illuminated trademark of the American athletic footwear and apparel corporation Nike, Inc. seen on the Nike Store window in Antwerp, Belgium. (Photo by Karol Serewis/SOPA Images/LightRocket via Getty Images)
Karol Serewis | Lightrocket | Getty …
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Macy’s is selling two stores in Dallas-Fort Worth
12 Apr 2024 13:54 GMT
Macy’s, which has said it plans to close 150 stores, has hired a Dallas-based commercial real estate firm to market two local stores for sale.
SRS Real Estate Partners sent out sale notices this week to local brokers detailing for sale the Macy’s at Town …
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Macy's settles proxy fight with activist Arkhouse, adds two of the firm's nominees as directors
10 Apr 2024 13:20 GMT
Macy's flagship store in Herald Square in New York, Dec. 23, 2021.
Scott Mlyn | CNBC
Macy's on Wednesday said it settled its proxy fight with real estate investor Arkhouse, appointing two of the firm's nominees to its 15-person board.
Ric Clark …
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Nearly half of Levi's sales are happening online and in its shops, a shift as department stores fade
03 Apr 2024 20:55 GMT
Levi Strauss, which has long relied on wholesalers like Macy's and Kohl's to drive its business, is now doing nearly half of its sales through its own website and stores, the company said Wednesday when reporting fiscal first quarter earnings.
In …
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Macy's hasn't closed 150 stores yet. But Target, Kohl's CEOs already smell opportunity
01 Apr 2024 19:43 GMT
Macy's hasn't yet shut the approximately 150 stores it plans to close. But retail competitors already smell opportunity.
In recent interviews with CNBC, Target CEO Brian Cornell and Kohl's CEO Tom Kingsbury said the department store's …
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Shoppers Are Abandoning Kohl's, New Data Shows—Here's Why
22 Mar 2024 19:55 GMT
Department store shopping isn't what it once was, thanks in large part to the downfall of malls and the rise of online retail. Kohl's is one of many businesses that reacted to the changing times, shifting to a "more focused lifestyle concept…
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Macy's to close 150 unproductive stores as it steps up luxury business
09 Mar 2024 21:33 GMT
By ANNE D'INNOCENZIO
AP Retail Writer
NEW YORK — Macy's will close 150 unproductive namesake stores over the next three years including 50 by year-end, the department store operator said Tuesday after posting a fourth-quarter loss and declining …