department stores

Neiman Marcus Takes ‘Stunning Fall’ to Chapter 11
Credit & Capital

Neiman Marcus Takes ‘Stunning Fall’ to Chapter 11

The luxury retailer "had been struggling with competition from online rivals and dwindling cash" before the coronavirus forced it to close its stores.
By Matthew Heller | May 7, 2020
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Holiday Season Weakness Hits Macy’s, Kohl’s
Financial Performance

Holiday Season Weakness Hits Macy’s, Kohl’s

"The rising tide of the economy is not floating all retail boats,” an analyst says of the department store chains' disappointing sales growth.
By Matthew Heller | January 10, 2019
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There’s Nothing Not to Love About Amazon
The Economy

There’s Nothing Not to Love About Amazon

Amazon is a revolutionary force, but it's a positive one for businesses and customers alike: veteran marketing exec.
By Larry Light | December 21, 2017
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Macy’s Comp Sales Fall for 9th Straight Quarter
Financial Performance

Macy’s Comp Sales Fall for 9th Straight Quarter

The retailer's shares plunge 17% as the disappointing Q1 report added "to the sense that Macy's is on a slippery slope."
By Matthew Heller | May 12, 2017
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Neiman Agrees to Pay $1.6M Over Data Breach
Risk & Compliance

Neiman Agrees to Pay $1.6M Over Data Breach

The settlement ends a three-year legal battle between the retailer and customers whose credit card information was allegedly exposed by the 2013 hack.
By Matthew Heller | March 21, 2017
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Neiman Marcus Said to Be in Talks Over Sale
Strategy

Neiman Marcus Said to Be in Talks Over Sale

Canada's Hudson's Bay Company is reportedly interested in buying the iconic retailer, which has been struggling with the shift to online shopping.
By Matthew Heller | March 14, 2017
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Macy’s Cost-Cutting Helps Profit Beat Estimates
Turnarounds

Macy’s Cost-Cutting Helps Profit Beat Estimates

The outlook for sales growth, however, remains weak, with comp sales expected to decline between 2.0% and 3.0% this year.
By Matthew Heller | February 22, 2017
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Retail Sales Growth Slows to 0.1% Last Month
The Economy

Retail Sales Growth Slows to 0.1% Last Month

It was the smallest gain in three months but year-over-year sales were up 3.8%, suggesting a positive start to the holiday shopping season.
By Matthew Heller | December 15, 2016
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Macy’s Shares Rise 17% on Store Closure Plan
Strategy

Macy’s Shares Rise 17% on Store Closure Plan

"There has to be a rationalization and we're not waiting anymore," Macy's CEO says of the plan to close 100 stores.
By Matthew Heller | August 11, 2016
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