Nordstrom Heirs Consider Taking Struggling Department Store Chain Private
... shifting consumer preferences. Retailers are gearing up to close more stores this year than at anytime in the last two decades ...
Jun 09, 2017
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Sears To Close 50 Stores, Sell $300M In Assets
... struggling business, Sears Holdings announced plans Tuesday to close 50 stores and sell off $300M in assets in the first half ... with Warren Buffett’s confidence in the new REIT, the department store hasn’t been able to right its sinking ship ...
Feb 10, 2016
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Macy's Shuttering Up to 40 Stores in Early 2016
... stores in early 2016. While the locations haven't been selected, the retail department ... store expects the chosen ones to have a combined revenue of just $300M. There are 770 Macy's stores ... lower-priced Macy's Backstage stores, its version of Ross, ...
Sep 09, 2015
News
Macy's Is Seeking Potential Buyers for Stakes in Flagship Stores
... stores, including the iconic Herald Square location. Activist investor Starboard Value has been leaning on Macy’s—the biggest department ... Eastdil Secured to find partners for potential JVs at stores in Manhattan, San Francisco, Chicago and Minneapolis. Macy ...
Jan 07, 2016
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Malls Push Out Department Store Anchors To Make Room For Better Tenants
The classic days of American shopping are over—department stores are actually being thrown out of the malls they once ...
Jul 11, 2016
News
Retail Trends: 10 Inside Perspectives On How To Save The American Department Store
... —they're already annoyed at how far behind most department stores are. Reinvent the category. Do something innovative. Make ... up with specialty retailers "The reality is that most department stores are being out-retailed by specialty retailers outside their ...
Feb 08, 2016
News
Walgreens Outsources Real Estate Department
... three years, Walgreens will dismantle its in-house real estate department and transfer the work to Dallas-based SRS Real Estate ... sales of $76.4B this year across its 8,000+ stores. The company's refocused real estate strategy relies on striking ...
Nov 17, 2014
News
Center City Macy’s To Shutter In March, Leaving Market East Without Key Retail Anchor
... which once housed the flagship location for the John Wanamaker Department Store. “Everyone’s talking about the Wanamaker,” JLL ... our resources and prioritize investments in our go-forward stores, where customers are already responding positively to better ...
Jan 09, 2025
News
Looking To Avoid Bankruptcy, Macy's Angling For $5B In Debt Financing
... 630-worker IT facility in Midtown Atlanta. The outlook for department stores as a retail segment looks bleak. Even before the ... filing for bankruptcy, or at least renegotiating their debts. Department stores took the same drastic hit last month as much of ...
Apr 23, 2020
News
John Lewis Unveils Big Ambitions In BTR — But Who Is Going To Fund It?
... homes on its existing portfolio, including on parts of its department stores, on its car parks, on top of Waitrose supermarkets or ... it ride out the volatility besetting the retail sector and department stores in particular. The company made a £517M loss in ...
Jul 05, 2021
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