department stores

U.S. shopping mall owner Washington Prime Group is preparing to potentially file for Chapter 11 bankruptcy protection, Bloomberg reported Thursday.

Nordstrom’s fourth-quarter results topped analysts’ estimates, but the company warned that it is still working through impacts from delayed holiday shipments.

Kohl’s said it isn’t planning for any further sales of its real estate to then lease it back, despite activists pressuring the company to take this route.

Kohl’s said it added at least 2 million new customers last year, thanks to an unlikely friend it has found in Amazon.

Kohl’s on Tuesday reported fourth-quarter earnings and sales that topped analysts’ estimates.

Macy’s announced management changes as the retailer looks to woo back customers, who have been shopping online and avoiding malls during the pandemic.

Nordstrom has struck a deal with Tonal, a company that sells a wall-mounted workout station for $2,995.

Leases on about 1.5 billion square feet of retail space in the U.S. are set to expire this year, according to CoStar Group, or about 14% of the retail market.

Victoria’s Secret parent L Brands reported fourth-quarter earnings that topped analysts’ estimates, but sales fell short due to weakness at its lingerie brand.

Retail sales are expected to grow in 2021 between 6.5% and 8.2%, amounting to more than $4.33 trillion, the National Retail Federation said Wednesday.

Macy’s reported its first quarterly profit in a year, as its efforts to slash inventories during the holiday quarter and rely less on deep discounting paid off.

Delivery costs have been rising across the country and are expected to continue as pandemic drags on, according to a report by Jefferies.

Hundreds of Walmart stores are temporarily closed as winter weather causes severe ice and power outages in Texas, the Southeast and other parts of the country.

Retailers, restaurants and other business owners want to be where the people are. And people are moving to South Florida in droves.

Under Armour is forging ahead with a turnaround strategy to pull products out of struggling middlemen and instead pour investments into its stores and website.

Under Armour reported a surprise profit for the holiday quarter as sales were boosted by strong digital growth.

Simon Property Group, the biggest U.S. mall owner, is expecting this year to be better than last, as some retailers start to think about opening new stores.

Most outlooks remain murky, at best. Fashion brands are reporting a strong rebound in China, but Europe remains a trouble spot.

With new shoppers patterns, Nordstrom said it plans to focus its investments on smaller-format stores, building its off-price Rack business and e-commerce.

Chief Executive Michelle Gass said digital sales represented more than 40% of net sales during the period, growing more than 20% year over year.