department store

Macy’s Cuts Workforce 3.5% While Preparing to Deploy New Strategy
Macy’s Cuts Workforce 3.5% While Preparing to Deploy New Strategy
January 18, 2024  |  Retail

Macy’s is reducing its workforce by 3.5%. “As we prepare to deploy a new strategy to meet the needs of an everchanging consumer and marketplace, we...

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JCPenney, Sephora To Maintain Partnership For In-Store Experience
JCPenney, Sephora To Maintain Partnership For In-Store Experience
May 08, 2020  |  Retail

After JCPenney sought a court order to keep Sephora in its locations, the companies said they have “reaffirmed” their partnership to run Sephora inside of...

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Brookfield Asset Earmarks $5 Billion To Help Struggling Mall Retailers
Brookfield Asset Earmarks $5 Billion To Help Struggling Mall Retailers
May 08, 2020  |  Retail

Brookfield, which owns stake in numerous malls and related properties, is going to spend $5 billion to try and get the industry back on track...

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Neiman Marcus Prepares For Possible Bankruptcy After Stores Shutter
Neiman Marcus Prepares For Possible Bankruptcy After Stores Shutter
April 03, 2020  |  Retail

With the COVID-19 pandemic causing it to shutter its stores, Neiman Marcus Group is increasing preparations to ask for bankruptcy protection. The luxury department store...

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Macy’s, Other Retailers Forced To Furlough Employees
Macy’s, Other Retailers Forced To Furlough Employees
March 30, 2020  |  Retail

Department store Macy’s will be forced to furlough most of its employees this week as the coronavirus pandemic continues to close hundreds of stores across...

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Macy’s Dropped To Junk-Bond Status
Macy’s Dropped To Junk-Bond Status
February 19, 2020  |  Retail

Macy’s credit rating has been downgraded to junk by S&P Global Ratings, just weeks after the former department store juggernaut released a cost-cutting measure to...

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Macy’s To Open New Store Format With Beauty Focus
Macy’s To Open New Store Format With Beauty Focus
January 31, 2020  |  Retail

Macy’s is planning to test a new kind of store with a focus on apothecary and beauty products, which could lead to more locations in...

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JCPenney Tries On Store Revamp
JCPenney Tries On Store Revamp
November 01, 2019  |  Retail

JCPenney is planning a comeback as the retailer tests out new and innovative ideas at a Texas location as its chief executive tries to revive...

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Bankrupt Barneys Gets Nearly $270M Offer From Saks, Authentic Brands
Bankrupt Barneys Gets Nearly $270M Offer From Saks, Authentic Brands
October 14, 2019  |  Partnerships / Acquisitions

As Barneys New York wades through bankruptcy, Saks Fifth Avenue and Authentic Brands have partnered to bid almost $270 million to buy the luxury specialty...

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