Department stores stink up an otherwise rosy retail quarter

It has been a gangbusters month for retail earnings -- unless you’re a department store......»»

It has been a gangbusters month for retail earnings -- unless you’re a department store......»»

Houston-based Stage Stores Inc. (NYSE: SSI), which owns several department store brands, has filed for Chapter 11 bankruptcy protection and is looking to sell its business. The bankruptcy filing, which was anticipated as early as February, comes les.....»»

Sonos Inc. fell short of expectations in the March quarter as COVID-19 outbreak forced the closure of physical stores toward the end of March and complicated inventory-rebalancing efforts at one of Sonos’ large retail partners......»»

Sonos Inc. fell short of expectations in the March quarter as COVID-19 outbreak forced the closure of physical stores toward the end of March and complicated inventory-rebalancing efforts at one of Sonos’ large retail partners......»»

The iPhone maker beat analyst estimates and increased revenues slightly last quarter, even though it shut down retail stores across the globe due to coronavirus......»»

Starting today, April 24, more Texas stores can try to keep revenue flowing by offering retail-to-go. Guidance offered by the Texas Department of State Health Services lays out best practices for keeping employees and customers safe while providing.....»»

Primark has laid off 255 employees between its locations at the King of Prussia Mall and Willow Grove Mall. The retailer filed a Worker Adjustment and Retraining Notification, or WARN, with the Pennsylvania Department of Labor indicating that beginni.....»»

Houston-based Stage Stores Inc. (NYSE: SSI) had its own set of struggles even before the coronavirus pandemic brought much of the retail sector to a halt. Now, the department store owner is taking steps to significantly scale back operations to reduce.....»»

Retail giant Macy's Inc. announced Tuesday that it is closing all 680 of its department stores in response to the widespread outbreak of the novel coronavirus. Macy's (NYSE: M) said it is closing all of its stores by the end of business March 17 throug.....»»

The coronavirus outbreak could deal a potentially lethal blow to some retail property owners......»»

Apple Inc. (NASDAQ: AAPL) announced Friday that it will close all retail stores located outside of Greater China through the end of March. This could result in around $1 billion in lost revenue, or 2% of March quarter sales, according to Credit Suis.....»»

It has been a mixed bag for America's department store chains reporting 2019 holiday-quarter results. But one thing is clear. These companies are still trying to get the formula right to bring shoppers to stores......»»

Retail giant Macy's Inc. CEO Jeff Gennette told investors that his company is closely monitoring the spreading coronavirus epidemic and is prepared for its impact on stores. Macy's (NYSE: M) CEO told investors during its fourth-quarter 2019 earnings .....»»

The largest department store chain in America is closing 125 stores and cutting 2,000 jobs. Ma.....»»

Retail giant Macy's Inc. is closing 125 stores and culling 10% of its corporate workforce, representing 2,000 jobs. Following closely on the heels that Macy's (NYSE: M) is abandoning its Cincinnati headquarters, the department store giant announced that .....»»

Retail giant Macy's Inc. is closing 125 stores and culling 10% of its corporate workforce, representing 2,000 jobs. Following closely on the heels that Macy's (NYSE: M) is abandoning its Cincinnati headquarters, the department store giant announced th.....»»

The clock is ticking for department stores like Macy’s Inc. and J.C. Penney Co. Inc., according to Sucharita Kodali, retail analyst at Forrester......»»

Marcio Jose Sanchez/AP Images The retail apocalypse this decade .....»»

The Retail Apocalypse Isn't Over: More Store Closures Expected In 2020 Authored by Mac Slavo via SHTFplan.com, More than 9,300 retail department stores have shut their doors this year.  As 2020 comes at us qui.....»»