Macy’s cuts sales outlook amidst consumer uncertainty
US retail giant Macy’s is facing a challenging consumer landscape, but the company says it remains committed to its strategy…
department store
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John Lewis trials in-store repair service
UK high-end department store chain John Lewis is launching a 16-week trial offering in-store repair and cleaning services for clothing,…
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Macy’s ends buyout talks, doubles down on turnaround plan
US department store giant Macy’s has terminated discussions with an investor group comprising Arkhouse Management and Brigade Capital regarding a…
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Macy’s buyout bid increased by investor group again
US department store chain Macy's continues to be the target of a persistent investor group seeking to take the company…
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BHS collapse: Former owner ordered to repay millions
In a landmark decision for the retail industry, the UK's High Court has ruled that Dominic Chappell, former owner of…
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Seibu Ikebukuro department store in Tokyo set for 2025 reopening
Seibu Ikebukuro Main Store, a department store in Tokyo, Japan owned by retail company Sogo & Seibu and Seibu Group…
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Walmart expands Neighborhood Market format with larger stores
Walmart is revamping its popular Neighborhood Market concept with the opening of two new, larger stores. These stores mark the…
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Walmart sails through inflation with strong sales, ups outlook
US retail giant Walmart reported a positive first quarter (Q1) for financial year 2024 (FY24), exceeding analyst expectations and raising…
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Sycamore Partners eyes Nordstrom privatisation deal
US department store chain Nordstrom could be going private as buyout company Sycamore Partners has expressed interest in a potential…
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Macy’s settles proxy fight with Arkhouse and continues deal talks
Macy's has averted a proxy fight and bolstered its board with the appointment of two new directors nominated by activist…
