You’ll probably start scrutinizing your shopping receipts a little more closely after you hear what happened to the CBS 11 I-Team. A popular retail store repeatedly overcharged us on typical household items we thought we were buying on sale.
Ares Management and a Canadian Pension said that they are buying the luxury chain Neiman Marcus for $6 billion. The deal is expected to be finalized in the fourth quarter.
Luxury retailer Neiman Marcus plans to raise up to $100 million from an initial public offering of its common stock. That amount is likely to change, though, as bankers gauge investor interest.
From the company that brought you the not-for-the bashful “push-up triangle” swimsuit top, retailer Abercrombie & Fitch is once again catching heat. The latest controversy surrounds their sizing policy for women.
For the second time, a high-end department story is shutting its doors in Dallas.
J.C. Penney & Co.’s stock is one of the market’s biggest decliners Thursday after the department store chain said that it expects its financial struggles to continue during the second half of the year.
Toys R Us is making it easier for shoppers to use its layaway program ahead of the crucial holiday season, waiving its service fee and minimum purchase requirement beginning Tuesday.
J.C. Penney Co. says Chief Financial Officer Michael Dastugue will leave the company Friday in the wake of a broader shakeup of the department store operator’s business.
As J.C. Penney Co. aims to re-invent itself, it’s hoping a famous former employee can help out. Talk-show host Ellen DeGeneres will make store appearances and star in a new TV ad campaign.
There are reports out today that thousands of JCPenney workers could soon be in the unemployment line. The company is said to be, “slashing thousands of jobs nationwide.”
Department store operator JCPenney is buying a minority stake in Martha Stewart Living and teaming with the company on a store-within-a-store.
Neiman Marcus said that revenue at stores open at least a year climbed 8 percent to $1 million in the fiscal first quarter.