Tag: department store

October 26, 2022

Despite the decline in foot traffic, Placer.ai noted shrinking reductions in visits are an encouraging sign for mid-range retailers, because stimulus payments and store reopenings primarily drove growth in 2021 after the COVID-19 pandemic shutdowns in 2020. The report also […]

May 27, 2020

As the country’s largest department store, Macy’s has both advantages and disadvantages. Advantages include decent liquidity. Fitch analysts noted that the company ended last year with $685 million of cash and is now replacing its $1.5 billion unsecured revolver with […]

October 9, 2019

A little over a decade ago, Macy’s celebrated its 150 years with a collection of clips from movies and television that showed just how indelible its brand is. Or, at least, was. The sesquicentennial celebration took place in 2008, early […]

June 12, 2019

Private labels. Localization. Home delivery. Knowledge about the customer. Personalization and customization. Most of the innovations that are fueling today’s most successful retail startups have less to do with avant-garde tech like AI and robots and more to do with […]

May 13, 2019

A year after rumors surfaced that HBC was looking into selling Lord & Taylor, the company made it official, saying last week that a sale is among the strategic options it’s now pursuing for its small, struggling department store banner. […]

April 11, 2019

Macy’s has wasted little time in making use of its 2018 acquisition of Story, a quirky retail concept that since 2011, in New York City’s Chelsea neighborhood, has partnered with retailers and brands big and small. In what Story founder […]

January 17, 2019

After initiating a turnaround plan that entailed shuttering some 100 stores nationwide, bringing up a well-prepared insider to take over as chief executive, investing in avant-garde retail ideas and store concepts and joining the off-price party, Macy’s delivered bad news […]

August 23, 2018

The decline of Sears’ physical footprint over the past decade or so has been astonishing, far outpacing its department store peers, and it shows no sign of stopping. In May, the company said it closed 108 stores (67 Kmarts and […]

June 8, 2018

The numbers from Edison Trends and YouGov point to Sears’ larger existential struggle — bigger, arguably, than the company’s profit losses — coping with the long-term deterioration of the company’s customer base. CEO Eddie Lampert told shareholders a little over […]