Sentences with phrase «struggling department store chain»

The New York Post reports the struggling department store chain might be in for some major layoffs.

Steven Roth, the chairman and CEO of Vornado Realty Trust, has resigned from J.C. Penney's board, days after the real estate company told investors it planned to sell all of its stake in the struggling department store chain, according to regulatory...

Steven Roth, the chairman and CEO of Vornado Realty Trust, has resigned from J.C. Penney's board, days after the real estate company told investors it planned to sell all of its stake in the struggling department store chain, according to regulatory documents filed Friday.

J.C. Penney (jcp) CEO Marvin Ellison makes no bones about it: the retailer is going hard after fellow struggling department store chain Sears» (shld) appliance sales.

Not exact matches

Woolworths» underlying net profit from continuing operations slipped 3.6 per cent to $ 1.42 billion in 2017 as a recovery in Australian food earnings in the June half failed to counter losses of $ 151 million in the struggling discount department store chain.

«While I appreciate their awareness of the need to include a range of sizes on the floor, I find it interesting as many department stores and chains are struggling financially, NOW is the time they (not only Nordstrom) realize that the 20 - billion - dollar market may be their savior.

Boire — who has only been CEO of the faltering Sears Canada department store chain for 10 months (and the retailer's third boss in just two years), following a nearly three - year stint as chief merchant of the struggling Sears (SHLD) and Kmart chains in the U.S — will have his hands full trying to revive Barnes & Noble's Nook business.

The sale of the Lord & Taylor building comes just four days after Baker said he will take back the reins of the struggling department - store chain.

Since its founding in 2011, the New York - based private equity firm has snapped up, financed or invested in struggling retailers such as Staples, the Belk department - store chain and Talbots.

A landmark study by Green Street Advisors released earlier this year estimated that one - in - five anchor department stores would have to be shuttered to return many struggling chains to the same levels of productivity they enjoyed 10 years ago.