The rise in retail sales indicates that the struggles of large retail chains, such as Macy's and J.C. Penney's, reflect changes in consumer buying patterns rather than broader economic weakness.
The rise in retail sales indicates that the struggles of large retail chains, such as Macy's and J.C. Penney's, reflect changes in consumer buying patterns rather than broader economic weakness.
Same-store sales at J.C. Penney fell by 3.5 percent last quarter, and follow the disappointing results from its rivals Macy’s Inc. and Kohl’s Corp., as well as upscale players like Nordstrom Inc.
Same-store sales at J.C. Penney fell by 3.5 percent last quarter, and follow the disappointing results from its rivals Macy’s Inc. and Kohl’s Corp., as well as upscale players like Nordstrom Inc.
The upmarket department store chain is suffering from sluggish store traffic and consumers’ growing preference to buy online.
The upmarket department store chain is suffering from sluggish store traffic and consumers’ growing preference to buy online.
Macy's shares tumbled Thursday after the department store chain reported sales had fallen in the first quarter from a year earlier, the ninth such quarterly decline in a row.
Macy's shares tumbled Thursday after the department store chain reported sales had fallen in the first quarter from a year earlier, the ninth such quarterly decline in a row.
New chief executive officer Jeff Gennette faces declining foot traffic in malls, race-to-the-bottom discounts among his competition, and a shrinking customer base.
New chief executive officer Jeff Gennette faces declining foot traffic in malls, race-to-the-bottom discounts among his competition, and a shrinking customer base.
The department store reported a better-than-expected quarterly profit, helped by lower costs and a leaner inventory amid a tough retail environment.
The department store reported a better-than-expected quarterly profit, helped by lower costs and a leaner inventory amid a tough retail environment.
Sears warned investors in March there was a chance it may not be able to continue after years of losses and declining sales. Its CEO Edward Lampert blamed its woes on news coverage that he said had been "deliberately unfair."
Sears warned investors in March there was a chance it may not be able to continue after years of losses and declining sales. Its CEO Edward Lampert blamed its woes on news coverage that he said had been "deliberately unfair."
The move is the clearest indication yet that Neiman Marcus' $4.7 billion debt pile poses significant challenges to a merger with Hudson's Bay.
The move is the clearest indication yet that Neiman Marcus' $4.7 billion debt pile poses significant challenges to a merger with Hudson's Bay.
In today's News Bites, Agent Provocateur co-founder Serena Rees announces her new gender-fluid fashion brand, Les Girls Les Boys, and Goop's pop-up stores head to Nordstrom.
In today's News Bites, Agent Provocateur co-founder Serena Rees announces her new gender-fluid fashion brand, Les Girls Les Boys, and Goop's pop-up stores head to Nordstrom.
Both companies have agreed to wind down operations of a tuxedo rental license agreement, after the initiative did not generate the revenue that they had envisioned.
Both companies have agreed to wind down operations of a tuxedo rental license agreement, after the initiative did not generate the revenue that they had envisioned.
"T.J. Maxx and Burlington could snag $1 billion from Macy’s and JCPenney closures."
"T.J. Maxx and Burlington could snag $1 billion from Macy’s and JCPenney closures."
With American store closings on track to surpass their 2008 peak, only the smart will survive.
With American store closings on track to surpass their 2008 peak, only the smart will survive.
In a document filed with the Securities and Exchange Commission, the company’s management has approved a plan for organisational changes expected to cost the brand nearly $300 million. One analyst posited the target could be its struggling subsidiary.
The decline in nonfarm payrolls reported by the Labor Department in its employment report on Friday was the sixth since January 2025 and the second largest.
The Japanese sportswear brand is accelerating global expansion by acquiring race-registration platforms to deepen engagement with runners.
The brands Gap and Banana Republic beat comparable sales estimates.
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.