Retailing


Target Swings into Q4 Loss on Exit from Canada, But Sales Increased

Shopping carts are stacked inside a Target store in Dallas

Minneapolis—Target Corp. reported today that it swung into a fourth quarter loss, hurt by a major loss from its exit from Canada. … [Read more...]

Hudson’s Bay Launches Two Real Estate Joint Ventures

Part of the Deal: Saks Fifth Avenue flagship in Beverly Hills

Toronto and New York—In another display of Chairman/CEO Richard Baker’s acumen, Hudson’s Bay Company announced today it would be … [Read more...]

Marshalls, T.J. Maxx to Raise Minimum Wage to $9 an Hour

TJX Cos.

Framingham, MA—A week after Walmart announced it would give half a million of its employees raises to $9 an hour, TJX Companies … [Read more...]

Macy’s Inc. Issues Weak Outlook as It Invests in New Initiatives

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Cincinnati—Talking up its new endeavors, such as an off-price chain, Blue Mercury, omnichannel selling etc., Macy’s Inc. today … [Read more...]

Neiman Marcus to Offer Mobile Wallet to its iPhone Customers

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Dallas and McLean, VA—As part of a partnership with Capital One Financial Corp., Neiman Marcus Group Ltd. said today it is … [Read more...]

Dillard’s Q4 Profit Up 10% on Better Margins

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Little Rock, AR—Dillard’s Inc. reported today its fourth quarter earnings were up 10% thanks to fewer markdowns and better gross … [Read more...]

Nordstrom Q4 Profit Hit by Trunk Club Acquisition

Nordstrom

Seattle—Nordstrom’s net earnings were down 5% in the fourth quarter despite net sales rising 9% to $3.9 billion. The retailer said … [Read more...]

Will Walmart’s Pay Increase Set a Precedent for Other Retailers?

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Bentonville, AR—In what some analysts see as a precedent challenging other retailers, Walmart today announced that it will raise … [Read more...]

Data Security, Omnichannel Initiatives Top Retail CIOs’ Priority Lists

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Washington—With recent high-profile data breaches and the growing need to deliver a unified and differentiated customer … [Read more...]

Macy’s Celebrates Lunar New Year: “The Year of the Goat”

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New York--The fireworks over the Hudson River tonight in Manhattan may not be associated with Macy’s famous Fourth of July … [Read more...]

Nordstrom Brand Treasure&Bond Donates $185,000 to Girls Inc.

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Seattle—It’s only been a little more than six months since Nordstrom launched its Treasure&Bond private label brand, the ones … [Read more...]

Sycamore Partners to Buy Chico’s FAS?

Spring Look at Chico's

New York and Fort Meyers, FL—Sycamore Partners, the private equity firm, is purportedly in advanced talks to add Chico’s FAS to … [Read more...]