Seritage CEO and President Andrea Olshan is leaving the company next month, the company announced Friday. She and the board of trustees reached a deal for her to relinquish her role and position on the board on April 11, with current board Chairman Adam ...
... interest to regional malls is the persistent poor showing by department stores, the traditional anchor of malls since the mid-20th century ... of years now. "If you’re in a sector like department stores or specialty or off-price or apparel, you suffered the ...
... suffering sales losses before that. In July, sales at department stores were down 13.4% compared with last year, and ... sectors will suffer falling profits in the quarters ahead, with department stores and apparel and footwear taking the worst hit, losing ...
... Building and a 40% stake in the UK's Selfridges department stores before filing for insolvency in 2023. Austria’s Economic and ...
... are taking notice. Despite closing down a swath of large department stores this year, Macy's has committed to opening 30 small ... -income areas have more strip malls with pawn shops, liquor stores and vape outlets, and those are less likely to garner ...
... Illinois in 2021. As of early August, only 12 Sears department stores still existed, down from more than 4,000 at its ...
A significant write-down in the value of Waitrose stores was a factor that pushed the John Lewis Partnership to ... of £12B, the financial statement said. Sales in John Lewis department stores were up, but Waitrose grocery sales were down 3%. “Far ...
... as many as 45 U.S. properties, such as shuttered department stores or malls to convert. “Ingka Centres plans to invest €7 ... least when it comes to former department stores. As many as half of all U.S. department stores will close by 2022, Green Street ...
... 10.4%). There were a few losers, however: department stores, long the Charlie Brown of modern retail, saw sales drop ... 1.6% for the year, while electronics stores sales dropped much more, 12.1%. And of course, retail ...
... brick-and-mortar retail renaissance as stalwart chain and department store tenants flee their spaces in traditional enclosed malls ... air. Retailers like Gap and Sephora, as well as department stores like Macy's and Bloomingdale's, are moving into strip ...
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