Department Store news and trends

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

Macy’s is reducing its workforce by 3.5%. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to...

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

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 the department store. The relationship will remain in place and both companies are “focused on delivering [an] exciting beauty experience...

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

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 after the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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

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 retailer reportedly started having private discussions with bondholders regarding potential financing that would assist it with ongoing operations during bankruptcy...

Quick Reads
Nordstrom Founding Family Takes Retailer Private in $6 Billion Deal

December 23, 2024
The Nordstrom family now owns the department store chain bearing their name. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from […]

Macy’s Cuts Workforce 3.5% While Preparing to Deploy New Strategy

January 18, 2024
Macy’s is reducing its workforce by 3.5%. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

JCPenney, Sephora To Maintain Partnership For In-Store Experience

May 08, 2020
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 the department store. The relationship...

Brookfield Asset Earmarks $5 Billion To Help Struggling Mall Retailers

May 08, 2020
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 after the coronavirus pandemic. Get...