Department Stores

News & Analysis

J.C. Penney Nears Rescue Deal with Simon Property Group and Brookfield

9 September 2020 • By Reuters

9 September 2020 • By Reuters

If the deal falls apart, J.C. Penney would be on course for liquidation.

News & Analysis

J.C. Penney Nears Rescue Deal with Simon Property Group and Brookfield

If the deal falls apart, J.C. Penney would be on course for liquidation.

Neiman Marcus Seeks $55 Million From Nemesis Marble Ridge

27 August 2020 • By Bloomberg

27 August 2020 • By Bloomberg

The retailer is seeking a temporary restraining order and compensation for alleged damages caused by the firm after Marble Ridge’s money manager Dan Kamensky was accused of trying to manipulate the bidding process in its bankruptcy case.

Neiman Marcus Seeks $55 Million From Nemesis Marble Ridge

The retailer is seeking a temporary restraining order and compensation for alleged damages caused by the firm after Marble Ridge’s money manager Dan Kamensky was accused of trying to manipulate the bidding process in its bankruptcy case.

BoF Professional Exclusive

Why Aren’t More Chinese Department Stores Going Bankrupt?

27 August 2020 • By Casey Hall

BoF Professional Exclusive

Why Aren’t More Chinese Department Stores Going Bankrupt?

While consolidation continues in China’s department store sector, the pandemic hasn’t dramatically hastened store closures and bankruptcies the way it has in the US. What’s their secret?

News & Analysis

Hudson's Bay Company Reportedly Scraps Financing Plan

26 August 2020 • By Reuters

26 August 2020 • By Reuters

The owner of Saks Fifth Avenue dropped plans to raise up to $900 million in debt after prospective investors requested a higher interest rate than the company was willing to pay, sources said.

News & Analysis

Hudson's Bay Company Reportedly Scraps Financing Plan

The owner of Saks Fifth Avenue dropped plans to raise up to $900 million in debt after prospective investors requested a higher interest rate than the company was willing to pay, sources said.

News & Analysis

Debenhams Appoints Advisers as It Plans for Possible Liquidation

15 August 2020 • By Reuters

15 August 2020 • By Reuters

The struggling department store chain said it would cut a further 2,500 jobs, while taking 'all necessary steps' to give the business every chance of a viable future.

News & Analysis

Debenhams Appoints Advisers as It Plans for Possible Liquidation

The struggling department store chain said it would cut a further 2,500 jobs, while taking 'all necessary steps' to give the business every chance of a viable future.

News & Analysis

Lord & Taylor Files for Bankruptcy

3 August 2020 • By Bloomberg

3 August 2020 • By Bloomberg

Fashion start-up Le Tote Inc., which also filed for Chapter 11, bought the rights to the company’s stores, brand and e-commerce site from Hudson’s Bay Co. for $71 million last year.

News & Analysis

Lord & Taylor Files for Bankruptcy

Fashion start-up Le Tote Inc., which also filed for Chapter 11, bought the rights to the company’s stores, brand and e-commerce site from Hudson’s Bay Co. for $71 million last year.

News & Analysis

John Lewis Set to Close Eight Stores and Cut 1,300 Jobs

9 July 2020 • By Reuters

9 July 2020 • By Reuters

The move follows as the British department store chain focuses on e-commerce, which is set to represent around 60 to 70 percent of its total sales this year and next.

News & Analysis

John Lewis Set to Close Eight Stores and Cut 1,300 Jobs

The move follows as the British department store chain focuses on e-commerce, which is set to represent around 60 to 70 percent of its total sales this year and next.

BoF Professional Exclusive

Dior's Air Jordans and the Return of Pre-Pandemic Hype

28 June 2020 • By Brian Baskin

BoF Professional Exclusive

Dior's Air Jordans and the Return of Pre-Pandemic Hype

This week, everyone will be talking about the long-delayed release of Dior's Air Jordan sneakers, how the spike in US coronavirus cases affects retail and the path forward for department stores. Get your BoF Professional Cheat Sheet.

News & Analysis

Macy's Raises $4.5 Billion to Shore Up Funds as Stores Reopen

8 June 2020 • By Reuters

8 June 2020 • By Reuters

Shares of the company, which also owns Bloomingdale's, surged about 11 percent after the bell.

News & Analysis

Macy's Raises $4.5 Billion to Shore Up Funds as Stores Reopen

Shares of the company, which also owns Bloomingdale's, surged about 11 percent after the bell.

BoF Professional Exclusive

How Harrods Is Solving Its Excess Inventory Problem

28 May 2020 • By Tamison O'Connor

28 May 2020 • By Tamison O'Connor

Facing an unprecedented volume of unsold goods after weeks of Covid-19 lockdowns, the British department store is launching an outlet at London’s Westfield White City shopping mall.

BoF Professional Exclusive

How Harrods Is Solving Its Excess Inventory Problem

Facing an unprecedented volume of unsold goods after weeks of Covid-19 lockdowns, the British department store is launching an outlet at London’s Westfield White City shopping mall.