Department Stores

The sneaker maker’s strategy seeks to shed excess product as inflation pinches consumers’ budgets. The sneaker maker’s strategy seeks to shed excess product as inflation pinches consumers’ budgets. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of…

Net sales and profit fell in the quarter ended April 29 as demand slowed for apparel and accessories. Net sales and profit fell in the quarter ended April 29 as demand slowed for apparel and accessories. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the…

The retailer’s halt to its sale of some Gay Pride items fuels criticism it gave in to pressure from anti-LGBT comments. The retailer’s halt to its sale of some Gay Pride items fuels criticism it gave in to pressure from anti-LGBT comments. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials…

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Freight operators are hoping a shift for big store owners fuels a shipping rebound heading into the fall. Freight operators are hoping a shift for big store owners fuels a shipping rebound heading into the fall. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you…

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The department store popular among tourists and locals had shut down in 2020. The department store popular among tourists and locals had shut down in 2020. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish…

The chief executive of Macy’s Inc. M -1.01% will retire after steering the department-store chain through several crises, handing over its future to one of his lieutenants. Jeff Gennette, a Macy’s veteran who took over as CEO in 2017, will step aside in February, the company said. He faced the rise of Amazon.com Inc. as an apparel rival, fended off an activist investor’s calls to split Macy’s stores from its e-commerce business and managed…

“We definitely had an uptick since last year,” Macy’s Chief Executive Jeff Gennette told analysts earlier this month. “It’s an industrywide trend.” Target Corp. TGT -1.53% said in November that it expected the problem, known in the industry as “shrink,” to reduce gross margins for the recently completed fiscal year by more than $600 million. TJX TJX -0.89% Cos.’s and Macy’s Inc. also…

One of the best-performing stocks of the past few years isn’t a tech giant or a highflying startup. Instead, it is a family-run department-store chain that doesn’t have a wide following on Wall Street.Shares in Dillard’s Inc. DDS 1.48% have soared more than 1,500% since April 2020. The company’s market value is similar to that of Macy’s Inc., even though Dillard’s has less than a third of Macy’s annual revenue. The Little Rock, Ark.,…