Department Stores


  • The Macy's at San Francisco Union Square
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    The image by Stilfehler is licensed under CC BY-SA 4.0
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    Column

    The Weekly Closeout: Thrasio files Ch. 11 bankruptcy and Will Macy’s close its San Francisco flagship?

    The e-commerce aggregator will eliminate hundreds of millions of dollars in debt, while the department store is evaluating its real estate assets. 

    By Retail Dive Staff • March 1, 2024
  • An exterior sign on a Macy's store.
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    Daphne Howland/Retail Dive
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    Macy’s to close 150 more stores in 3 years

    New CEO Tony Spring said underperforming stores must close even if they are cash-flow positive, telling analysts: “The bar has now been raised.”

    By Feb. 27, 2024
  • At the main entrance to Macy's in New York, a gilded clock and the original "R.H. Macy & Co." sign sit above the modern logo.
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    Daphne Howland/Retail Dive
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    Macy’s faces proxy fight after rejecting takeover bid

    Will investors be tempted by the idea of capitalizing on the department store's real estate holdings?

    By Feb. 20, 2024
  • A white store with a Macy's banner and red store, with a "Now Open" sign on the windows.
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    Courtesy of Macy's
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    New Macy’s CEO Tony Spring takes over

    Spring, who steps into the role on Sunday, faces several challenges, including a take-private offer and changes to the department store’s fleet.

    By Feb. 2, 2024
  • Pedestrians walk past a Neiman Marcus store.
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    Scott Olson via Getty Images
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    ‘This is natural evolution’: Saks and Neiman Marcus on the state of luxury

    As a new year starts, Geoffroy van Raemdonck and Marc Metrick share thoughts on luxury e-commerce, when the market might recover and how the consumer is doing.

    By Jan. 31, 2024
  • Retailers are finding more of what they want off mall

    Lower rents and greater flexibility are luring stalwart anchors and specialty retailers to outlets and strip centers, analysts say.

    By Jan. 29, 2024
  • The outside of the Macy's store in Herald Square in NYC during the holidays.
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    Kaarin Vembar/Retail Dive
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    Macy’s rejects $5.8B take-private offer

    The move nevertheless puts the retailer's shareholders in a quandary and a spotlight on incoming CEO Tony Spring, analysts say.

    By Jan. 22, 2024
  • An exterior corner of a Macy's store.
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    Daphne Howland/Retail Dive
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    Macy’s to cut 3.5% of its workforce, close 5 mall anchors

    The moves come as Tony Spring prepares to take the reins from CEO Jeff Gennette, who said a year ago that store closures were mostly complete.

    By Jan. 18, 2024
  • Woman shopping denim jeans in a clothing store
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    lechatnoir via Getty Images
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    7 retail trends to watch in 2024

    From economic pressures weighing on consumers to relocating stores away from malls, here’s what’s on retailers’ minds heading into the new year.

    By Retail Dive Staff • Jan. 8, 2024
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    Kendall Davis/Retail Dive
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    Podcast

    The Backroom: Doug Stephens’ retail predictions for 2024

    The retail and branding expert discusses the state of the consumer, the habits companies should leave behind in 2023 and what lies ahead in the new year.

    By Retail Dive Staff • Dec. 28, 2023
  • A light post sits just below the big red sign on Macy's flagship store.
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    Daphne Howland/Retail Dive
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    Why Macy’s investors reportedly offered $5.8B to take the department store private

    The company’s real estate, and not its retail operations, are likely motivating the offer, which the would-be suitors may be willing to increase.

    By Dec. 11, 2023
  • The exterior of a Sears store with cars in the parking lot
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    Permission granted by Transformco
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    Sears is a shell of its former self. So why is it reopening some stores?

    The retailer, which once boasted some 3,500 stores, has slowly whittled down its footprint. But recent openings likely don’t signal a turnaround.

    By Dec. 6, 2023
  • A big red sign says that Macy's is "the world's largest store."
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    Daphne Howland/Retail Dive
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    Macy’s taps new chief marketing officer

    Incoming CEO Tony Spring, in one of his first executive appointments, has turned to ex-Caesars Entertainment CMO Sharon Otterman.

    By Nov. 28, 2023
  • Two people with shopping bags.
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    Courtesy of Nordstrom
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    Nordstrom pushes Rack expansion as full-line fleet contracts

    Analysts question the emerging dependence on an off-price business that is struggling to compete in an otherwise thriving segment.

    By Nov. 22, 2023
  • A leafy green bush sits in front of a reddish brick store against a bright blue sky, with the name Kohl's in white block letters.
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    "Kohl's" by Mike Mozart is licensed under CC BY 2.0
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    Kohl’s president, COO exits after less than a year

    Dave Alves took on the roles this spring.

    By Nov. 20, 2023
  • An exterior sign on a Macy's store.
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    Daphne Howland/Retail Dive
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    Macy’s defies expectations in Q3 as margins improve

    Sales fell and profits plummeted as customers remain cautious about spending, but the department store's report wasn’t as bad as many feared.

    By Nov. 16, 2023
  • The outside of the Macy's store in Herald Square in NYC during the holidays.
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    Kaarin Vembar/Retail Dive
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    Macy’s introduces early holiday deals

    The retailer is running Black Friday events throughout November, and stores will be closed on Thanksgiving Day. 

    By Tatiana Walk-Morris • Nov. 9, 2023
  • Neiman Marcus window tied to its 97th edition of its Christmas Book.
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    Courtesy of Neiman Marcus
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    Neiman Marcus preps for the holidays with Christmas Book, Fantasy Gifts

    As it courts high-end shoppers, the department store will also host in-store experiences like White Elephant parties and breakfast with Santa events.

    By Tatiana Walk-Morris • Oct. 26, 2023
  • Four individuals pose together, smiling, as part of JCPenney's "Make Your Holidays Count" campaign imagery.
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    Permission granted by J.C. Penney
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    Inside J.C. Penney’s holiday marketing strategy

    On the heels of a new $1 billion turnaround plan, the retailer’s seasonal push includes paid creators, video ads and a “Penney Prepper” challenge.

    By Jessica Deyo • Oct. 25, 2023