Sentences with phrase «department store operator»

Retailers are struggling with an industry - wide slowdown in sales that has hit shares of major department store operators.

The question is whether enough department store operators will adapt in time to maintain their position as a significant part of the retail business, and retain healthy business partnerships with mall landlords.

U.S. mall owners Namdar Realty Group and Washington Prime Group Inc are in talks to acquire U.S. department store operator Bon - Ton Stores Inc out of bankruptcy, people familiar with the matter said on Tuesday.

April 3 U.S. mall owners Namdar Realty Group and Washington Prime Group Inc are in talks to acquire U.S. department store operator Bon - Ton Stores Inc out of bankruptcy, people familiar with the matter said on Tuesday.

Once - dominant U.S. department store operators such as Macy's and J C Penney Co have announced plans to shut hundreds of stores in recent years, putting pressure on landlords to find new «anchor tenants» or come up with new ways to grow returns.

Department store operator J.C. Penney (JCP) reports its second - quarter financial results today and the company is expected to beat Wall Street's profit forecasts.

• Neiman Marcus, a Dallas, Texas - based department store operator backed by Ares Management and Canada Pension Plan Investment Board, ended talks regarding a partial or full sale of the company, according to Reuters.

Alibaba Group's effort to draw Western retailers to China got another boost with the announcement today that venerable department store operator Macy's plans to open a flagship store on Tmall Global, Alibaba's cross-border online shopping marketplace.

In 2008, the two firms merged, becoming Japan's largest department store operator with its headquarters in Ginza, Tokyo, where its flagship department stores are also situated.

Its previous investments include regional department store operator Belk Inc, discount general merchandise retailer Dollar Express and mall and web - based specialty retailer Hot Topic.

While Macy's rode the strong consumer spending wave that helped retail spending soar during the holidays, the season brought the first signs that Gennette's efforts to turn what is the largest U.S. department store operator around, as detailed in a recent Fortune feature, may be working.

The Sobeys grocery chain owned by Empire Co. Ltd. (TSX: EMP.A) of Stellarton, N.S., has joined forces with U.S. department store operator Target, which will also offer food in its Canadian stores when they open.

Starting in March, for example, department store operator Kohl's began selling Under Armour products in its more than 1,000 stores.

The move follows a similar transaction in January, when e-commerce giant Alibaba Group Holding Ltd (BABA.N) led a $ 2.6 billion bid to privatize department store operator Intime Retail Group Co Ltd (1833.

Alibaba Invests in Department Store Chinese e-commerce behemoth Alibaba announced that it will pony up US$ 700 million for a minority stake in a Chinese department store operator, marking something of a reverse migration from online to traditional retail.

Last year, department store operator Marui also rolled out a trial of bitcoin payments in conjunction with bitFlyer at one of its locations in Shinjuku, Tokyo.

Weighed down by debt and aiming to devote more resources to its full - line stores, luxury department store operator Neiman Marcus announced recently that it would close 10 Last Call stores in its off - price fleet.

Like other department store operators, including those in the luxury segment, Neiman Marcus has been struggling against a tide of declining same - store sales and consumers» evolving shopping habits.

In the past year, companies including American Apparel and Limited Stores have begun shutting down retail operations, while dressmaker BCBG Max Azria, discount shoe seller Payless Inc., and department store operator Gordmans Stores have filed for bankruptcy.

Holmes notes that grocery chain Aldi, off - price department store operator TJX Cos., Hobby Lobby and beauty chain Ulta are among some retailers looking to expand.

(Reuters)- Department store operator J.C. Penney Co Inc (JCP.N) said it is pursuing a potential sale and partial leaseback of its headquarters in Texas to reduce debt and costs.

• Alsea (BMV: ALSEA) agreed to sell its minority stake in Grupo Axo, a Mexico - based department store operator, to General Atlantic, according to Reuters.

The platform last year attracted a number of high - profile international retailers and brands, among them U.S. department store operator Macy's, Japanese beauty products giant Shiseido Group, U.K. supermarket chain Sainbury's, U.S. infant care company Huggies, and Paris - based food - products multinational Danone.

(Reuters)- U.S. mall owners Namdar Realty Group and Washington Prime Group Inc (WPG.N) are in talks to acquire U.S. department store operator Bon - Ton Stores Inc (BONTQ.PK) out of bankruptcy, people familiar with the matter said on Tuesday.

And now the department store operator, still recovering from a catastrophic sales decline in 2012, says it has a plan to reclaim that mantle.

In the past, Ackman had been openly critical of Ullman, saying as recently as last May that the department store operator had been chronically mismanaged and had failed to create value for shareholders for the last 20 years.

April 24 Jeff Stollenwerck, a 15 - year veteran of Sears Holdings Corp and president of its real estate business, will soon be departing the U.S. department store operator, the company said in a statement on Tuesday.

In what is seen as a major coup for a department store operator, Kohl's is gearing up to begin selling Apple Watches...

Retailer Kohl's shares are on a tear, with the department store operator posting earnings per share that were better than expected as the company...

The department store operator posted revenue of $ 6.1 billion in the period, which also fell short of Street forecasts.

Last week, the department store operator said that its chief executive, Gerald L. Storch, had stepped down and that he would be replaced on an interim basis by Mr. Baker.

Nordstrom, the department store operator, announced it would hire around 11,400 part - time workers for the holiday shopping season that officially kicks off on...

The majority of retailers closing stores are typical mall tenants — department store operators and apparel and electronics sellers.

The retail chain's decision comes at a time when several U.S. department store operators are looking to create value from their vast real - estate holdings as their core business of selling clothes and home goods come under pressure.