CSA
The struggling department store retailer is bringing its “Style on the go” omnichannel shopping program
to more stores.. . . more
Monday, August 31, 2020
J.C. Penney expands curbside pickup
Friday, August 28, 2020
How Sephora prepped for an e-commerce onslaught
Retail Dive
Sephora has an annual sale event in the spring. Loyal shoppers plan their hauls, and brands sold by the retailer promote it like Amazon's Prime Day or Nordstrom's Anniversary Sale. But this year, the sale had a significance in ways brands and shoppers may never know.. . . more
Abercrombie swings to Q2 profit; digital sales a bright spot
CSA
Despite falling net sales, Abercrombie & Fitch had some good news in Q2 fiscal 2020.. . . more
Thursday, August 27, 2020
Lord & Taylor expands closing sales to all stores
CSA
The country’s oldest department store is inching closer to shuttering all its stores.. . . more
Wednesday, August 26, 2020
A look back at the long history of Lord & Taylor
Retail Dive
With Lord & Taylor adrift once again, in search of a buyer that might be willing to turn back years of neglect, it's easy to forget that the department store was a cutting edge retailer for well more than a century.. . . more
CBL plans to file for bankruptcy by October after deal with lenders
Retail Dive
CBL Properties has made a restructuring deal with a majority of bondholders that calls for a Chapter 11 bankruptcy filing on Oct. 1, according to a press release.. . . more
Mall of America misses another mortgage payment, enters forbearance agreement
CSA
After having missed three mortgage payments, Mall of America’s collateral value has slipped from $2.3 billion to $1.9 billion, and it has entered into a forbearance agreement that would provide it with
enough cash to avoid foreclosure, according to a report in the Minneapolis StarTribune.. . . more
Monday, August 24, 2020
L Brands warns that the holidays could be tough this year
Retail Dive
With most stores reopened after closing due to the pandemic, Victoria's Secret weighed down L Brands in the second quarter, when net sales fell 20% to $2.3 billion. Bath & Body Works sales rose 13%, thanks to 191% growth in e-commerce, with sales at company-owned stores in the U.S. and Canada falling 23%. Victoria's Secret sales fell 39%, with sales at the company-owned stores falling 70% and e-commerce up 65%.. . . more
Sally Beauty, CosmoProf launch accelerator for women-owned brands
Retail Dive
Sally Beauty and CosmoProf debuted the second iteration of Cultivate, an accelerator for women-owned brands looking to expand their nail, hair color and hair care ventures. The program is accepting applications until Sept. 7.. . . more
Friday, August 21, 2020
The strategy behind turning department stores into warehouses
Retail Dive
Fulfillment for e-commerce requires three times the warehousing space of traditional brick-and-mortar store inventory, given the greater variety of SKUs and space-intensive shipping and parcel operations. With e-commerce growing in the pandemic, supply chain players are scooping up space where they can find it, especially if it's close to areas with high population density.. . . more
Lord & Taylor still looking for new owner; closing more stores
CSA
The country’s oldest department store retailer is still looking for a white knight even as more of its stores are going dark.. . . more
Thursday, August 20, 2020
Men’s Wearhouse, Jos. A. Bank retailers launch BOPIS
CSA
Two store banners of Tailored Brands are introducing free buy-online-pickup-in-store (BOPIS) programs.. . . more
CBL initiates Chapter 11 restructuring and plans to 'continue as normal'
CSA
CBL Properties, one of the nation’s largest owners of enclosed malls in secondary markets, will file for Chapter 11 bankruptcy protection in concert with a pre-made restructuring agreement with its lenders that will keep all of its 108 properties open and operating. . . more
Gap permanently closes some stores in San Francisco, including flagship
CSA
Gap Inc. is shrinking the store portfolio of its namesake brand in its hometown.. . . more
Wednesday, August 19, 2020
J. Jill, Destination XL added to S&P's most vulnerable retailers list
Retail Dive
S&P Global Market Intelligence added J. Jill and Destination XL to its list of most vulnerable publicly traded retailers.. . . more
Tuesday, August 18, 2020
When the mall owns the retailer
Retail Dive
Bankruptcy court has emerged as a shopping mecca of sorts for Sparc Group, which, after successfully bidding on a series of retailers in Chapter 11, is now the "operating partner" for Aeropostale, Forever 21, Lucky Brand and Brooks Brothers, and is a rumored suitor of J.C. Penney. The venture says it supports "over $2.7 billion in global retail sales annually.". . . more
Monday, August 17, 2020
Can Neiman Marcus finally leave its baggage behind after bankruptcy?
Retail Dive
The story of Neiman Marcus and MyTheresa follows broader storylines in the retail industry.. . . more
Done Deal: Simon – Authentic Brands buy another retail brand
CSA
The retail portfolio of the joint venture between Simon Property Group and brand management company Authentic Brands keeps expanding.. . . more
Thursday, August 13, 2020
PREIT executes $30 million term loan following poor Q2
CSA
A day after reporting a 36% decrease of $18.6 million in the second quarter, mall owner PREIT announced it has executed a secured term loan for up to $30 million to shore up its liquidity as the COVID-19 pandemic draws on.. . . more
Wednesday, August 12, 2020
Placer.ai: Macy’s, Penney, Dillard’s recoveries stall with pandemic resurgence
CSA
Recoveries in the department store sector have been stymied by a resurgence in COVID-19 cases leading to a reversal of the positive trends seen in May and June.. . . more
Saks Fifth Avenue lays off store operations employees
Saks Fifth Avenue is laying off an unspecified number of store operations employees, as part of a strategy to streamline and evolve, a company spokesperson confirmed on Monday.. . . more
Simon’s Q2 net operating income was 42% lower than in 2019
CSA
Impacted by the mandated closing of seven properties in California in July, Simon Property Group saw its net operating income drop to $254 million in the second quarter—42% less than the $437 million it took in during Q2 2019. . . . more
Monday, August 10, 2020
Why Foot Locker Shares Are Surging Double Digits Right Now
Footwear News
Shares of Foot Locker Inc. jumped as high as 23% in Monday premarket trading following the release of an unexpectedly upbeat forecast for its second-quarter profit and sales.. . . more
Amazon reportedly eying former Sears, J.C. Penney stores as fulfillment centers
CSA
Amazon might be looking at giving a second life to some dark Sears and J.C. Penney stores.. . . more
Friday, August 7, 2020
J.Jill inches closer to bankruptcy as it extends forbearance — again
CSA
J.Jill received more breathing room on the day that its forbearance agreements were set to expire.. . . more
What JCPenney Is Doing Differently This Back-to-School Season
Footwear News
JCPenney’s back-to-school shopping season is going to look different this year.. . . more
Yankee Candle ignites subscription program
CSA
The Yankee Candle Company smells an opportunity for predictable revenue.. . . more
Dick’s Sporting Goods’ store expansion includes new outlet concept, pop-ups
CSA
Dick’s Sporting Goods is opening 11 new stores in August.. . . more
Thursday, August 6, 2020
Macy's enlists influencers for its 'Style Crew'
Macy's is opening its Style Crew ambassador program up to beauty and fashion enthusiasts. The initiative, which the retailer launched in 2018, was previously only available to Macy's employees, according to a company statement emailed to Retail Dive. . . . more
Capri, Ralph Lauren quarterly results indicate widespread damage to apparel sales
As apparel retailers buckle under intensified pressure brought on by the COVID-19 outbreak, several that cater to middle-income and budget-minded consumers have turned to bankruptcy and other restructuring measures. But quarterly results from Ralph Lauren and Capri in recent days demonstrate that clothing companies selling to higher-income customers aren't immune to its fallout, either.. . . more
Wednesday, August 5, 2020
Lord & Taylor to permanently close 19 stores
Bankrupt parent of New York & Company sells e-commerce businesses
Tuesday, August 4, 2020
These Men’s Wearhouse Stores Are Closing for Good
As owner Tailored Brands moves forward with bankruptcy proceedings, Men’s Wearhouse is set to permanently shut down dozens of stores across the country.. . . more
Chico's declares bankruptcy in Canada
Chico's FAS Canada on Thursday filed for bankruptcy with the Ontario, Canada, office of the Superintendent in Bankruptcy, according to a filing with the U.S. Securities and Exchange Commission.. . . more
Monday, August 3, 2020
Lord & Taylor Is Bankrupt as Retail Rout Continues
Lord & Taylor is bankrupt. After months of speculation, the struggling department store chain as well as its parent company Le Tote today became the latest fashion players to file for Chapter 11 bankruptcy protection — in the U.S Bankruptcy Court in Richmond, Va. Bloomberg News first reported the move this evening.. . . more