Report: Bon-Ton Suppliers Reducing Shipments, Payment Terms
It’s been a tough year for the department store channel, and now it appears that another retailer is facing challenging times.
department store
Nordstrom Debuts Toronto Location
Nordstrom has opened its new CF Sherway Gardens store in Toronto, the company’s third location in the city.
Nordstrom Launching Local Small Store Concept
Nordstrom has developed a new retail concept with a local focus. Called Nordstrom Local, the company said the new format will serve as a neighborhood hub where consumers can shop and access services in a convenient, central location.
Markdowns Negatively Impact Dillard’s Q2 Results
Second quarter net sales at Dillard’s were down as company officials pinned the decline on “significant markdowns” that were needed to help offset higher inventory levels.
Kohl’s Q2 Sales Top Analyst Estimates
Second quarter sales at Kohl’s were down slightly, but the retailer reported a jump in net income.
J.C. Penney CFO Record Steps Down
Edward Record, chief financial officer at J.C. Penney, is leaving the company effective July 11 to pursue other interests.
Kohl’s Names Besanko CFO
Kohl’s has named Bruce Besanko as the retailer’s new chief financial officer, reporting directly to Kevin Mansell, the company’s chairman, chief executive officer and president.
Nordstrom Family Weighs Taking Retailer Private
Members of the Nordstrom family have formed a group to explore the possibility of taking the upscale retailer private.
J.C. Penney Names Grebstein Chief Marketing Officer
J.C. Penney has named Marci Grebstein as the company’s executive vice president, chief marketing officer, effective in June.
J.C. Penney Q1 Comps Down, Home Sees Growth
Comparable store sales at J.C. Penney fell during the first quarter as officials with the retailer said a difficult selling environment in February had a negative impact on results for the three month period ended April 29.
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