Department stores making room for used fashion as resale becomes mainstream
The moves mark the most dramatic evidence of how resale is becoming so mainstream that traditional sellers can no longer ignore it.
The moves mark the most dramatic evidence of how resale is becoming so mainstream that traditional sellers can no longer ignore it.
Kohl’s has been testing Amazon returns at 100 stores for nearly two years and sees the service as a way to get people in its doors and potentially buy something while they’re there.
Sears Holdings Corp. is suing its former chairman and largest shareholder Eddie Lampert, alleging the billionaire stripped the once iconic company of more than $2 billion in assets.
The retailer’s profit tumbled nearly 70 percent and revenue slid 8 percent in the fourth quarter, the most crucial period of the year for retailers who bank on a surge in holiday sales.
The approval means roughly 425 stores and 45,000 jobs will be preserved, at least for now.
With a bid of more than $5 billion, Eddie Lampert has won a bankruptcy auction for Sears with a plan that will keep the retailer in business and seek to save tens of thousands of jobs.
Stage Stores Inc., a Houston-based retailer that operates nearly 800 stores nationwide, plans to close six Goody’s stores in central Indiana next month and replace them with Gordmans stores in March.
Macy’s plans to close its store at Glendale Town Center, leaving the 60-year-old Indianapolis shopping center without its largest and oldest anchor.
Suppliers are still gun-shy after their experience with Toys ‘R’ Us, which went out of business months after filing for Chapter 11 reorganization in the fall of 2017, leaving them with millions of dollars in unpaid bills.
Sears Holdings Corp., the struggling U.S. retailer owned by hedge fund manager Eddie Lampert, is focused on a deal that would preserve stakeholders’ value in a court restructuring, according to a person with knowledge of the matter.
Merrillville-based CSC Generation Holdings Inc., which acquired Bon-Ton’s intellectual property in bankruptcy court, said Indiana was not part of its initial plan to reopen stores.
The latest closure list includes 13 Kmart stores and 33 Sears stores, including one in Indiana.
The Castleton Square store is among three in Indiana that the struggling retailer included on its latest closure list.
The announced departure of Marvin Ellison on Tuesday sent shares of the struggling department store chain tumbling to an all-time intraday low.
With customers in a mood to spend, particularly on clothing, Macy's surpassed all profit and revenue expectations for the first quarter of the year and raised its outlook.
Edward Lampert is pushing for a more aggressive breakup of Sears Holdings Corp. as the hedge-fund manager aims to salvage what’s left of the struggling retailer and stave off a potential bankruptcy filing.
City officials say they hope to act quickly with Simon Property Group Inc. to determine the highest and best use for the Carson’s space at Circle Centre after the department store closes this spring.
Real estate experts disagree over whether the prominent downtown space being vacated by Carson’s makes more sense for another retailer (perhaps Target?) or for an office user.
Kohl's put up big sales numbers throughout November and December, joining J.C. Penney and Macy’s in a much-needed holiday rally for traditional retailers.
Department store chain Macy’s Inc. announced plans Thursday morning to close seven more stores nationally, including one in Indiana.