Department Stores

News & Analysis

Hudson’s Bay to Go Private at $1.45 Billion Valuation

21 October 2019 • By Bloomberg

21 October 2019 • By Bloomberg

The bid comes as investors hope to reinvigorate the fading 349-year-old department-store chain.

News & Analysis

Hudson’s Bay to Go Private at $1.45 Billion Valuation

The bid comes as investors hope to reinvigorate the fading 349-year-old department-store chain.

Nordstrom Needs New York. Does New York Need Nordstrom?

21 October 2019 • By Cathaleen Chen

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Nordstrom Needs New York. Does New York Need Nordstrom?

Nordstrom's massive new women's store, its first in Manhattan, is a big bet on the future of department stores even as some of its rivals are in retreat. But the Seattle-based chain isn't entering the city blind.

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Selfridges Sees Slowing Growth Amid Heavy Investment

8 October 2019 • By Rachel Deeley

8 October 2019 • By Rachel Deeley

The investment in experiential and digital offerings has boosted sales but also hit operating profit at the UK retailer.

Selfridges Sees Slowing Growth Amid Heavy Investment

The investment in experiential and digital offerings has boosted sales but also hit operating profit at the UK retailer.

BoF Professional Exclusive

Who Will Buy Barneys?

6 October 2019 • By Brian Baskin

BoF Professional Exclusive

Who Will Buy Barneys?

This week, everyone will be talking about who will buy Barneys New York, the (potential) release of Kanye West's latest album and the protests in Hong Kong. Get your BoF Professional Cheat Sheet.

News & Analysis

Report: J.C. Penney to Prep for Debt Talks Ahead of Holiday Season

19 September 2019 • By Bloomberg

19 September 2019 • By Bloomberg

The department-store chain is said to be exploring ways to ease its debt burden and give breathing room for the CEO, who has been under pressure to turn the company around.

News & Analysis

Report: J.C. Penney to Prep for Debt Talks Ahead of Holiday Season

The department-store chain is said to be exploring ways to ease its debt burden and give breathing room for the CEO, who has been under pressure to turn the company around.

News & Analysis

Debenhams Says Rescue Plan on Track After Court Backing

19 September 2019 • By Reuters

19 September 2019 • By Reuters

Once the UK's biggest department store chain, Debenhams has been hit by a sharp slowdown in sales, high rents and ballooning debt, plus a power struggle with former shareholder Sports Direct.

News & Analysis

Debenhams Says Rescue Plan on Track After Court Backing

Once the UK's biggest department store chain, Debenhams has been hit by a sharp slowdown in sales, high rents and ballooning debt, plus a power struggle with former shareholder Sports Direct.

News & Analysis

Macy's Sees Savings of up to $550 Million

5 September 2019 • By Reuters

5 September 2019 • By Reuters

As the retailer spends heavily on remodelling stores and building online businesses, targeted promotions and better pricing have projected large savings in the next two to four years.

News & Analysis

Macy's Sees Savings of up to $550 Million

As the retailer spends heavily on remodelling stores and building online businesses, targeted promotions and better pricing have projected large savings in the next two to four years.

News & Analysis

Hudson’s Bay Chases Relevance

5 September 2019 • By Bloomberg

5 September 2019 • By Bloomberg

With millennial shoppers keener to buy online or directly from brands, Hudson's Bay has yet to offer something they can’t find somewhere else and risks drifting into irrelevance.

News & Analysis

Hudson’s Bay Chases Relevance

With millennial shoppers keener to buy online or directly from brands, Hudson's Bay has yet to offer something they can’t find somewhere else and risks drifting into irrelevance.

News & Analysis

Neiman Marcus CFO Steps Down After Less Than 18 Months

3 September 2019 • By Bloomberg

3 September 2019 • By Bloomberg

The luxury retailer is in the process of naming a successor, but Orvos will remain at the company until October 11.

News & Analysis

Neiman Marcus CFO Steps Down After Less Than 18 Months

The luxury retailer is in the process of naming a successor, but Orvos will remain at the company until October 11.

News & Analysis

Department Stores Bring Down Retail Results

22 August 2019 • By Bloomberg

22 August 2019 • By Bloomberg

J.C. Penney Co., Macy’s Inc. and Kohl’s Corp. all reported declines in revenue from a year earlier.

News & Analysis

Department Stores Bring Down Retail Results

J.C. Penney Co., Macy’s Inc. and Kohl’s Corp. all reported declines in revenue from a year earlier.