Minneapolis Macy's sold for $59M to developer 601W Companies

Some Twin Cities locals never stopped calling the store “Dayton’s,” a symbol of how Macy’s never gained traction in the Midwest after its massive expansion.

By Daphne Howland • March 2, 2017

YM makes $1.5M stalking horse bid for bankrupt Wet Seal

The Canadian company established the minimum bid for the upcoming bankruptcy auction of the teen apparel retailer's intellectual property and e-commerce site.

By Daphne Howland • March 2, 2017

How Macy's is taking a page out of J.C. Penney's beauty playbook

As department stores continue to wobble under weak apparel sales, some are looking at beauty as a beacon to lure younger shoppers.

By Laura Klepacki • March 1, 2017

Office Depot profits soar on cost-cutting efforts

The office supplies retailer is still reckoning with how to move forward after its planned merger with rival Staples fell through last year.

By Daphne Howland • March 1, 2017

Aerie brand buoys American Eagle Outfitters as revenue dips

The retailer's lingerie brand continues to be a solid contributor, but analysts say the company's flagship merchandise and marketing efforts need more work.

By Daphne Howland • March 1, 2017

BCBG Max Azria files for Chapter 11 bankruptcy

Remaining stores will stay open as the company restructures, a process that's expected to take six months.

By Daphne Howland • March 1, 2017

Best Buy plummets on same-store sales miss

On the bright side, analysts give the electronics retailer kudos for holding its own against Amazon, which continues to eat up market share.

By Daphne Howland • March 1, 2017

Target unveils $7B plan to overhaul stores, digital operations

The strategy will focus on adding more than 100 of Target’s smaller, more urban stores and revamping existing stores.

By Daphne Howland • March 1, 2017

Target tumbles on weak sales, forecast

CEO Brian Cornell said the retailer will become aggressive on prices, sparking speculation about a price war with Wal-Mart — a battle Target has lost before.

By Daphne Howland • Feb. 28, 2017

Moody's: Number of distressed retailers nearing recession-era levels

Apparel retailers in particular are struggling under expensive debt loads that are soon to mature and at risk of default.

By Daphne Howland • Feb. 28, 2017

Report: BCBG Max Azria teeters toward imminent bankruptcy

Some of the most fashionable celebrities were once seen in BCBG apparel, but e-commerce and shifting consumer tastes have taken their toll.

By Daphne Howland • Feb. 28, 2017

Judge dismisses lawsuit against Wal-Mart over Mexico bribery scandal

For five years, the retail giant has been working to put the bribery investigation behind it.

By Daphne Howland • Feb. 28, 2017

Nike nets FIBA deal to boost basketball brand worldwide

The brand will sponsor the international basketball association's upcoming World Cup in China, among other events.

By Dan O'Shea • Feb. 27, 2017

How Neiman Marcus is turning technology innovation into a 'core value'

From the Memory Mirror to the Fling Wall, the head of Neiman Marcus' iLab opens the vault on its latest experiments, the success stories and failures, and the process that got it there in the first place. 

By Corinne Ruff • Feb. 27, 2017

Menswear e-commerce startup JackThreads hanging by a thread

The company has reportedly laid off most of its staff and is looking for a buyer.

By Daphne Howland • Feb. 27, 2017

J.C. Penney swooping in on Sears' home services, appliance turf

CEO Marvin Ellison said the retailer will open about 100 new appliance showrooms early this year and will add new brands throughout the months ahead.

By Daphne Howland • Feb. 27, 2017

Report: HHGregg preparing for imminent Chapter 11 bankruptcy filling

The struggling electronics retailer is coming off a difficult holiday season as well as years of revenue declines.

By Daphne Howland • Feb. 27, 2017

L Brands sinks as Victoria's Secret loses allure

The company suffered its second-worst day in 35 years of public trading after announcing fourth quarter declines and a grim outlook for the months ahead.

By Corinne Ruff • Feb. 24, 2017

Sears lays off 130 at Chicagoland HQ

The company said the job cuts are part of a “fundamental restructuring of operations” announced earlier this month, targeting at least $1 billion in cost savings on an annualized basis this year.

By Daphne Howland • Feb. 24, 2017

Nordstrom buoyed by stellar Rack performance

While the department store chain's e-commerce efforts now represent approximately 25% of full-line sales, its off-price Rack unit has emerged as the company’s primary source of new customers.

By Daphne Howland • Feb. 24, 2017

Gap CEO: Apparel bankruptcies an opportunity to seize market share

Art Peck is exploring options to rejuvenate the Banana Republic brand, admitting “I'm not pleased with the performance.”

By Daphne Howland • Feb. 24, 2017

Survey: Digital transformation 2017's top priority for many retailers

Just over 50% of respondents have either not defined or not started implementing a digital transformation strategy, though progress varies by region.

By Dan O'Shea • Feb. 23, 2017

Wayfair sales soar, but profits remain elusive

Direct retail net revenue through the home furnishings retailer’s five e-commerce sites rose 40% year over year in Q4 to $959 million, but average order value fell and merchandising, marketing and sales expenses exploded.

By Daphne Howland • Feb. 23, 2017

Lowe's slashing corporate workforce

The cuts follow a month after CEO Robert Niblock notified employees that Lowe's would eliminate 2,400 jobs nationwide.

By Daphne Howland • Feb. 23, 2017

Kohl's rises despite weak sales results, falling profit

Margins were strengthened in the fourth quarter, but analysts say the discount department store has more work to do in order to drive traffic back to stores.

By Daphne Howland • Feb. 23, 2017