Department Stores

News & Analysis

Hit by Tariffs and Discounting, Kohl's Cuts Profit Margin Forecast

20 August 2019 • By Reuters

20 August 2019 • By Reuters

With the cost of more aggressive promotions and a potential hit from new tariffs on Chinese imports, the department store chain has forecast a steeper decline in full-year profit margin despite better-than-expected quarterly earnings.

News & Analysis

Hit by Tariffs and Discounting, Kohl's Cuts Profit Margin Forecast

With the cost of more aggressive promotions and a potential hit from new tariffs on Chinese imports, the department store chain has forecast a steeper decline in full-year profit margin despite better-than-expected quarterly earnings.

News & Analysis

Hudson’s Bay Soars After Private Equity Firm Catalyst Buys Stake

19 August 2019 • By Reuters

19 August 2019 • By Reuters

Catalyst’s purchase of a minority stake adds to pressure on Chairman Richard Baker to boost his bid, which also faces opposition from activist investor Jonathan Litt.

News & Analysis

Hudson’s Bay Soars After Private Equity Firm Catalyst Buys Stake

Catalyst’s purchase of a minority stake adds to pressure on Chairman Richard Baker to boost his bid, which also faces opposition from activist investor Jonathan Litt.

News & Analysis

Macy’s CEO Assures Tariffs Will Only Hit Profits by 5 Cents a Share

15 August 2019 • By Bloomberg

15 August 2019 • By Bloomberg

Chief Executive Jeff Gennette said looming US tariffs will reduce per-share profits by a maximum of five cents and assures it is not a big impact.

News & Analysis

Macy’s CEO Assures Tariffs Will Only Hit Profits by 5 Cents a Share

Chief Executive Jeff Gennette said looming US tariffs will reduce per-share profits by a maximum of five cents and assures it is not a big impact.

Barneys Files for Bankruptcy As Rents Rise and Visitors Fall

6 August 2019 • By Bloomberg

6 August 2019 • By Bloomberg

The Chapter 11 filing allows Barneys to stay open while it works out a plan to turn around the business and pay its debts.

Barneys Files for Bankruptcy As Rents Rise and Visitors Fall

The Chapter 11 filing allows Barneys to stay open while it works out a plan to turn around the business and pay its debts.

News & Analysis

Barneys Considers Bankruptcy Financing Plans With Wells Fargo

25 July 2019 • By Bloomberg

25 July 2019 • By Bloomberg

The chain is negotiating the terms of a debtor-in-possession loan that would finance operations while Barneys works out a deal in court with landlords and lenders, according to people with knowledge of the situation.

News & Analysis

Barneys Considers Bankruptcy Financing Plans With Wells Fargo

The chain is negotiating the terms of a debtor-in-possession loan that would finance operations while Barneys works out a deal in court with landlords and lenders, according to people with knowledge of the situation.

News & Analysis

Catalyst Capital Seeks $114M Hudson's Bay Stake

23 July 2019 • By Reuters

23 July 2019 • By Reuters

The Private Equity firm offered to buy up to 14.85 million shares of the retail group in a bid to oppose Executive Chairman Richard Baker's plans to take the company private.

News & Analysis

Catalyst Capital Seeks $114M Hudson's Bay Stake

The Private Equity firm offered to buy up to 14.85 million shares of the retail group in a bid to oppose Executive Chairman Richard Baker's plans to take the company private.

News & Analysis

Barneys Is Considering Bankruptcy

19 July 2019 • By Bloomberg

19 July 2019 • By Bloomberg

The luxury department store has around $250 million of debt obligations and, earlier this year, sought to downsize its Madison Avenue store to reduce the $30 million annual rent cost.

News & Analysis

Barneys Is Considering Bankruptcy

The luxury department store has around $250 million of debt obligations and, earlier this year, sought to downsize its Madison Avenue store to reduce the $30 million annual rent cost.

News & Analysis

Barneys New York Explores Options That Include Bankruptcy

14 July 2019 • By Reuters

14 July 2019 • By Reuters

It's weighing other possible solutions as it struggles with high rents and changing consumer tastes.

News & Analysis

Barneys New York Explores Options That Include Bankruptcy

It's weighing other possible solutions as it struggles with high rents and changing consumer tastes.

News & Analysis

World Trade Center Mall Has a Plan to Get You to Stick Around

10 July 2019 • By Bloomberg

10 July 2019 • By Bloomberg

With visitors only spending an average of about half an hour at the mall, its operator plans remain relevant with more food choices, seating, pop-up shops, health and wellness options and entertainment.

News & Analysis

World Trade Center Mall Has a Plan to Get You to Stick Around

With visitors only spending an average of about half an hour at the mall, its operator plans remain relevant with more food choices, seating, pop-up shops, health and wellness options and entertainment.

News & Analysis

Hudson's Bay's Chairman's Buyout Bid Pits Retail Versus Real Estate

23 June 2019 • By Reuters

23 June 2019 • By Reuters

Much of the retailer's value is locked up in its real estate. Were it to sell off some of its properties to raise cash, it could fetch more than what Executive Chairman Richard Baker offered, but would then be forced to pay rent to run some of its stores.

News & Analysis

Hudson's Bay's Chairman's Buyout Bid Pits Retail Versus Real Estate

Much of the retailer's value is locked up in its real estate. Were it to sell off some of its properties to raise cash, it could fetch more than what Executive Chairman Richard Baker offered, but would then be forced to pay rent to run some of its stores.