Retail
JCPenney to close more than 100 stores
JC Penney believes this to be the right strategy to adjust the business allowing it to effectively compete against the growing threat of online retailers
Nordstrom earnings exceed expectations
The Seattle-based company today reported fourth quarter earnings that exceeded expectations, reflecting continuous improvements to its operating model
Sales down at Macy’s
The Cincinnati-based company reported declining sales and earnings in the fourth quarter and year. Outlook for 2017 points to further declines
Aéropostale to reopen 500 stores
After filing for bankruptcy in May and getting acquired in September, the retailer has announced it will reopen stores in the US
Footwear retail trade largely dissatisfied
The BDSE confirmed that according to a recent survey with owner-run shoe retailers in Germany, 75% of shoe stores were unable to reach their previous year’s figures
Finish Line to exit JackRabbit
The athletic retailer announced it has entered into a definitive agreement with affiliates of CriticalPoint Capital, a Los Angeles based private investment firm, to exit the JackRabbit business
Burberry results in line with expectations
Company underlines the 4% increase in retail sales, with confirmation of early results delivered by implemented long-term strategies and efficiency plans
JC Penney and Nike team up for shop-in-shops
The two companies have gathered efforts to create inspiring Nike brand shop environments in over 600 JC Penney stores
Stadium Goods secures new funding
The New York-based marketplace has announced a 4.6 million US new equity funding to help expand its growth strategy
Kohl’s cuts FY outlook
The decision occurs after the Wisconsin-based company reported decreasing comparable sales for the last two months of 2016
Macy’s announces restructuring plan
The US-based retailer plans to cut down 10 000 jobs, as it prepares the closure of roughly one hundred stores
Walmart acquires ShoeBuy
The amount involved in the deal should reach 70 million US dollars
Sales down at Steve Madden
The New-York based designer and marketer of fashion footwear and accessories for women, men and children announced preliminary sales results for the fourth quarter and fiscal 2016 year
Venezuela orders stores to get into the Christmas spirit
One of the world's highest inflation rate has led to a low level of disposable income for Venezuelans, in an economy struggling with chronic shortages of goods-
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