Tag: Department Store

Industries, Retail & Wholesale

After rough run, Kohl’s surges on potential takeover

June 7, 2022

Via: ABC News

Shares of Kohl’s spiked more than 11% Tuesday after the retailer said that it is in advanced talks to be sold in a deal worth about $8 billion. The Wisconsin chain said late Monday that it was in a three-week […]

Industries, Retail & Wholesale

Nordstrom shares tumble as 2021 sales outlook disappoints, retailer sees bigger shift to Rack

February 4, 2021


Nordstrom shares tumbled Thursday as the department store chain delivered a disappointing sales outlook for the year, and said it plans to shift more of its business toward off-price. Nordstrom said it expects revenue to rise more than 25% in […]

Industries, Retail & Wholesale

Macy’s Troubles Continue; Digital Focus Leads To Cautious Optimism For Q4

November 19, 2020


The headwinds facing Macy’s pandemic-driven downturn recovery have been well-documented. Falling foot traffic at malls and a general department store category malaise are just two of them and the consequences were on display in its Q3 earnings announcement on Thursday […]

Industries, Retail & Wholesale

Lord & Taylor, America’s Oldest Department Store, Files for Bankruptcy

August 3, 2020

Via: Time

Lord & Taylor, known for its upscale fashions and extravagant holiday window displays, sought bankruptcy protection from creditors after a turnaround effort faltered amid the coronavirus pandemic. The oldest U.S. department store filed for Chapter 11 protection in Richmond, Virginia, […]