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1 week ago | 
footwearnews.com | David MoinPlus icon |David Moin
While consumer sentiment this year has tanked, Americans were stocking up on goods last month to beat presumed tariff-related price hikes ahead. U.S. retail sales grew in March after two straight months of declines, in an apparent stocking up by Americans to beat looming tariff-related price hikes. Total retail sales, excluding automobiles and gasoline, in March were up 0.6 percent seasonally adjusted from February, according to the CNBC/NRF Retail Monitor.
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1 month ago | 
footwearnews.com | David MoinPlus icon |David Moin
Burt Tansky, whose leadership roles at Saks Fifth Fifth, Bergdorf Goodman and most significantly the Neiman Marcus Group earned him the industry-wide reputation as “Mr. Luxury,” died Sunday morning after a bout with cancer. Tansky was 87. Tansky got his first job at age 12, worked for 60 years and retired 15 years ago at age 72.
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1 month ago | 
footwearnews.com | David MoinPlus icon |David Moin
Through its long history, the department store underwent numerous repositionings, remerchandisings and ownership changes, but never recovered from the pandemic. Hudson’s Bay Company, the Toronto-based department store chain and website, disclosed Friday that it is restructuring its business and has been granted protection from its creditors by a Canadian court.
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2 months ago | 
footwearnews.com | David MoinPlus icon |David Moin
Nordstrom Inc. has a new weapon in its service arsenal. Catherine Bloom, a veteran Neiman Marcus personal stylist for Hollywood stars, boardroom execs and elites from around the world, has joined Nordstrom as director of luxury styling, a new position. To spotlight the appointment and make Bloom feel most welcome to the job, Nordstrom is transforming its Nordstrom Local location on Melrose Place in Los Angeles into the “Catherine Bloom for Nordstrom” storefront for Bloom to host clients.
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Jan 22, 2025 | 
footwearnews.com | David MoinPlus icon |David Moin
When Bloomingdale's first opened in the city in 2006, the store was described as "a true flagship" and merchandised with a robust assortment of luxury designer and contemporary fashion brands. Bloomingdale’s will close its San Francisco flagship store near Union Square, becoming the latest in a string of retailers fleeing the city, which has been suffering from crime and declining sales and foot traffic over the last couple of years.
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Jan 11, 2025 | 
footwearnews.com | David MoinPlus icon |David Moin
The Seattle-based retailer has been showing improved financial performances for the past few quarters. Nordstrom Inc., surpassing its own and industry expectations for the holiday season, reported significant comparable store and total sales gains. Comparable sales rose 5.8 percent and total sales increased 4.9 percent for the nine-week period ended Jan. 4, compared with a year earlier.
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Jan 10, 2025 | 
footwearnews.com | David MoinPlus icon |David Moin
Following the $2.7 billion acquisition of the Neiman Marcus Group by Saks Global just three weeks ago, a single senior-level team to manage the commercial areas of both retail banners has been established, WWD has learned. The new centralized Saks Global organization blends talent from both Saks and Neiman Marcus and reports directly to Emily Essner, Saks Global’s president and chief commercial officer which involves overseeing merchandising, marketing, customer analytics and e-commerce.
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Jan 10, 2025 | 
footwearnews.com | David MoinPlus icon |David Moin
The downsizing plan calls for shuttering a total of about 150 Macy's sites through 2026, including mostly department stores and a handful of home and Backstage off-price stores. Macy’s Inc. on Thursday disclosed the locations of the 66 stores it will close this year, a list that includes the Macy’s department store in downtown Brooklyn.
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Jan 10, 2025 | 
footwearnews.com | David MoinPlus icon |David Moin
The conference/expo is the world's largest retail industry gathering and a forum for learning, prognosticating, networking, coffee stops, and reuniting with friends and former colleagues. More than 40,000 retailers, industry analysts, tech firms, brands and consultants from around the world will descend on Manhattan’s Javits Convention Center beginning Sunday for another “Big Show” — the annual convention and expo staged by the National Retail Federation.
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Jan 8, 2025 | 
footwearnews.com | David MoinPlus icon |David Moin
For JCPenney and the SPARC portfolio of brands, it’s a new day. Simon Property Group, Brookfield Corp., Authentic Brands Group and Shein have partnered up to form a new company, Catalyst Brands, consisting of SPARC’s Lucky Brand, Aéropostale, Nautica, Eddie Bauer and Brooks Brothers brands, as well as JCPenney. But executives from Catalyst told WWD they are exploring “strategic alternatives” for Forever 21, which is currently part of the SPARC portfolio.
