Channel: Department Store

Articles about department stores

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  1. Channel: Apparel
Nordstrom has seen customer traffic pick up in stores with the relaxation of public health restrictions. Jamie Nordstrom, president of the department store retailer, is looking for a big jump in sales during the company’s annual anniversary sale as its customers refresh their wardrobes. Mr. Nordstrom expects athleisure, casual and denim clothing to continue selling […]
  1. Channel: Department Stores
Sephora shop-in-shops were a mainstay at J.C. Penney stores for 15 years, but due in part to the department store’s struggles, the beauty chain decided to take the concept to Kohl’s. J.C. Penney is looking to build its own identity with “JCPenney Beauty,” its own in-store shops. Penney has also announced a partnership with Thirteen […]
  1. Department: HBC
JCPenney is putting its stake in the inclusive beauty movement with the launch of a new in-store and online beauty experience. The core mission of JCPenney Beauty is to create a “hyper-inclusive,” omnichannel experience that “exemplifies [the retailer’s] commitment to amplify diverse and inclusive beauty brands.”   Launching in select retail locations and on jcp.com October 2021, JCPenney Beauty will go to market with Thirteen Lune as […]
  1. Channel: Department Stores
Back-to-school season is more exciting than ever as parents prepare to send their kids back for in-person learning this fall. To ensure every kid can confidently express their style as they head into the classroom, department store JCPenney has introduced the Thereabouts private brand, a new inclusive line of kids apparel that celebrates diversity of shapes, […]
  1. Channel: Apparel
Nordstrom has acquired a minority interest in the Topshop, Topman, Miss Selfridge and HIIT brands in a new joint venture with ASOS designed to drive global growth of the brands. ASOS acquired the Topshop brand portfolio from Arcadia Group in February 2021.   The new joint venture will set the stage for a wider strategic partnership in which the […]
  1. Corporate Finance
Authentic Brands Group, which is part owner of the Aéropostale, Barneys New York, Brooks Brothers and Forever 21 retail businesses along with many other fashion brands and media properties, has filed for an initial public offering of its stock to be listed on the New York Stock Exchange under the “AUTH” symbol.
  1. Corporate Finance
Authentic Brands Group (ABG) — which has made a name for itself by scooping up bankrupt retail brands such as Forever 21, JCPenney, Aéropostale and Brooks Brothers and bringing them back to life through licensing — is planning to go public. The company said in a prospectus filed July 6, 2021, that it plans to […]
  1. Channel: Department Stores
Belk has promoted President and Chief Merchandising Officer Nir Patel to CEO as the company also makes two other executive changes. Current CEO Lisa Harper will transition to the role of Executive Chair of the Belk Board of Directors. Patel has been with Belk since 2016, joining as EVP, GMM, Men’s and Ecommerce. His responsibilities […]
  1. Shopper & Customer
As the department store sector aims to reinvent itself for retail’s digital age, iconic retailer Neiman Marcus Group (NMG) is investing rapidly in technologies that will elevate its integrated luxury retail strategy across all channels. Responding to its customers’ desire for a more enhanced, elevated and personalized luxury experience, NMG announced plans to invest more […]
  1. Technology & Innovation
by Michael Sansolo There’s an old bit of philosophy that poses the question: “How do you eat an elephant?” The answer, of course, is one bite at a time. That simple line has a powerful message about the only way to approach change. Frequently it requires going step by step or one bite at a […]

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  1. RetailWIt QuickWit
Here’s what was interesting in Retail today: Coca-Cola spurs 42% revenue growth (now $10.1B) after returning to pre-pandemic marketing spend (which doubled YOY). They invested in innovation, quality, and targeted allocation with their increased spend and beat earnings and revenue expectations in Q2. Target, Bed Bath and Beyond Open Doors To Third-Party Boutiques. The Store-within-a-store […]
  1. RetailWIt QuickWit
Here’s what the RetailWit crew is reading today: Salesforce projects retailers will pay extra for goods in the second half—to the tune of $223B (+62%) YOY. It’s expected to come from a staggering increase in logistics (+$163B), suppliers (+$12B), and wage expenses (+$48B). Uber partners with Albertsons to expand grocery delivery. It is their biggest […]

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