department stores

Stories 1 - 20 |  Next >>

Sears Could Be Dead by Saturday

Bid to save retailer needs to be in by 4pm Friday

(Newser) - After 125 years in business, Sears could now be in its final hours. The iconic retailer, which filed for bankruptcy in October , may have to be liquidated if a bid to save it doesn't materialize before a 4pm Friday deadline. Chairman Eddie Lampert has proposed a $4.6 billion... More »

Iconic Store Is Saying Goodbye

Henri Bendel department store in NYC is going out of business after 123 years

(Newser) - Shop on Fifth Avenue? Neither do we, but still: The iconic Henri Bendel department store will soon be gone along with its e-commerce business and 22 other brick-and-mortar locations, People reports. Parent company L Brands is making the move amid increasing retail competition and plummeting company stocks, which fell 55%... More »

Sweden 'Attacked,' PM Says After Truck Slams Into Store

At least 3 dead after Stockholm incident

(Newser) - A truck crashed into an upscale department store in central Stockholm on Friday, and Swedish police confirm at least three people have died, per the Independent . People in the downtown area are fleeing the scene in panic, the AP reports. Swedish broadcaster SVT says shots have been fired at the... More »

Reeling From Dismal Holidays, Macy's Slashes 4.8K Jobs

It's been a rough road for Macy's as online shopping takes over

(Newser) - Macy's is slashing jobs, a harbinger of hard times for retailers after a holiday season that saw a noticeable shift to online shopping and away from physical stores. The nation's largest department-store chain, which also operates Bloomingdale's, said late Wednesday it's cutting up to 4,800... More »

Cop Beats Woman Shoplifter on Video

Iowa woman says her eyesight still hasn't recovered

(Newser) - An Iowa shoplifter is contemplating legal action after a cop beat her repeatedly about the head and face—all in view of a store video camera, NBC Chicago reports. Brandie Redell admits she was trying to steal clothing at a Von Maur Department Store in February when store personnel escorted... More »

New JCPenney Ad: We're Sorry, Come Back!

Hopes put-off customers will return for Mother's Day

(Newser) - It's what so many of us do after our relationships implode: beg the other to come back. Please! JCPenney is now trying the groveling route as well. The embattled retail empire has released a new ad that begins "It's no secret...," apologizes for its "mistakes,... More »

Walmart's Problem: More Stores, Fewer Employees

Products, staff, customers disappearing from the aisles

(Newser) - Walmart's shelves are looking empty these days, and it's not because the product isn't available: The company simply doesn't have enough employees to restock them, store workers tell Bloomberg . The big blue retail behemoth has added 455 US stores over the past five years, but its... More »

The Weird, Wild World of Walmart

Strange stories often take place at the retail giant's stores

(Newser) - Does Walmart imitate life or does life imitate Walmart? The ubiquitous big-box chain is very often the setting for births, deaths, marriages, and strange events, reports the Wall Street Journal . Recent incidents include: a man dressed as a cow who stole 26 gallons of milk from a Virginia store in... More »

Saks Fifth Avenue Coming to ... Kazakhstan

Luxury retailer to open 3-story location in August 2012

(Newser) - Soon the fine and fashionable people of Kazakhstan will be able to shop in added style: Luxury retailer Saks said today it will open a Saks Fifth Avenue store in August 2012. Saks plans to license the store, which will be built in the former capital of Almaty. Financial terms... More »

Mom Files $5M Suit Over 80-Cent Dispute

She's suing the Century 21 department store

(Newser) - A New Jersey mom is suing a department store for $5 million, claiming she got ripped off 80 cents over a coupon, reports the New York Post . Tova Gerson used the $5 coupon to buy more than $100 worth of merchandise from Century 21, then returned one item. The store... More »

Retail Sales Rise for 5th Straight Month

Low inflation, big discounts bring customers to stores

(Newser) - Retail sales rose for a fifth straight month in November, as the biggest jump in department store sales in two years gave the holiday shopping season a strong start. Retail sales increased 0.8% last month, the Commerce Department announced today, beating analyst predictions of a 0.5% increase, according... More »

Harrods Now Selling Gold Bars

London emporium offers bullion to luxe-loving shoppers

(Newser) - The world's most over-the-top department store has taken bling to a new level. Beginning today, shoppers at Harrods, the London emporium owned by Egyptian billionaire Mohamed al-Fayed, can buy gold bars and coins over the counter. The store has teamed with a Swiss bank to arrange for customers to purchase... More »

'Dowdy' JCPenney Tries to Take Manhattan

Penney's Brings Size 16 Back to NYC

(Newser) - JCPenney recently invaded Manhattan, “and the most frequent question on New York’s collective lips seems to be: Why?” writes Cintra Wilson in the Times. “Why would this dowdy Middle American entity waddle into Midtown in its big old shorts and flip-flops without even bothering to update its... More »

Desperate in July, Sears Looks to Santa for Bailout

(Newser) - Sears is taking the “Christmas in July” trope to a whole new level. With June retail sales tumbling, the company is looking for a boost by selling actual Christmas products, Time reports. Soon, 372 Sears stores will roll out displays hawking tree ornaments, stocking stuffers, and other decidedly off-season... More »

Designers Fight Store Discounts

Sales scare away brand loyalists, they say

(Newser) - Department-store sales may woo bargain shoppers, but they turn off the high-end base luxury designers cater to, Christina Binkley writes in the Wall Street Journal, and cut into those designers’ profits and brand control. Discounts last Thanksgiving set off a chain reaction that collapsed high-end retail’s pricing structure. “... More »

Cops Find 5 Bombs in Paris Dep't Store

Tip-off to news agency warns of explosives

(Newser) - French police found and disarmed five explosive devices this morning at one of Paris's biggest department stores, reports the BBC. The Printemps store, on one of the capital's best known shopping streets, was evacuated and cordoned off after a group calling itself the Afghan Revolutionary Front warned the AFP news... More »

Staggering Slowdown Hits Retail Sales

Ominous sign of dismal holiday season

(Newser) - Retail sales plummeted last month ahead of the holiday shopping season—which threatens to be the worst in decades, the New York Times reports. The downturn ran the gamut from upscale department stores to shops like the Gap. Neiman Marcus saw a 28% drop compared with the same month last... More »

Bankrupt Mervyn's Goes Belly Up

All of chain's 149 stores to be liquidated before end of year

(Newser) - Mervyn's will be closing all of its 149 stores before the end of the year and holding huge going-out-of business sales, the Bay Area's Daily Review reports. The California-based department store chain filed for bankruptcy in July and had been fruitlessly scrambling for a sale or a deal with landlords... More »

Boscov's Files for Chapter 11

Reading, Pa.-based department store chain to shutter 10 of 49 locations

(Newser) - The troubled department store chain Boscov's filed for Chapter 11 bankruptcy protection today, becoming the latest victim of the harsh consumer spending environment. The Reading, Pa.-based chain said it will close 10 of its 49 stores, citing sluggish consumer spending and credit issues—and acknowledging that some of its... More »

Retailers Expressing Gratitude

Slow economy sparks personal greetings from retailers

(Newser) - Today's slow economy has sparked more retailers to thank shoppers with bouquets and personal notes, Portfolio reports. Common for big spenders, such thank-yous are now mailed to regular shoppers too—like one reporter who bought two shirts and a jacket at Nordstrom. "Our salespeople build relationships with their customers... More »

Stories 1 - 20 |  Next >>