Department Stores: Page 2

  • A mall entrance to a store whose sign says "OFF 5th" in black lettering and a red "5."
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    "Saks Fifth Avenue Off 5th Outlet Dolphin Mall" by Phillip Pessar is licensed under CC BY 2.0
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    Saks Off 5th online is liquidating 5 years after split from brick and mortar

    In 2021 private equity investors poured $200 million into a spin-off of the off-pricer’s digital operations, but the anticipated return never materialized.

    By • Jan. 26, 2026
  • A Nordstrom Rack store in Seattle, across the street from the flagship Nordstrom store.
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    Daphne Howland/Retail Dive
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    Nordstrom to move downtown Seattle Rack store to historic building

    Expanding its off-price business has long been a source of new customers and a key pillar of the department store’s growth strategy.

    By • Jan. 22, 2026
  • The entrance to a mall, with a white pickup truck parked to the right. Explore the Trendline➔
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    "Dartmouth Mall, Dartmouth, Massachusetts" by JJBers is licensed under CC BY 2.0
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    Trendline

    Top 5 stories from Retail Dive

    From Target’s path forward under a new CEO to the retailers most vulnerable to bankruptcy, here’s a look at the stories shaping the industry.

    By Retail Dive staff
  • Closeup of a department store entrance.
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    Daphne Howland/Retail Dive
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    Deep Dive

    What’s up with department stores?

    The retail model is in retreat. But that doesn’t mean it — or its billions in sales — will disappear any time soon.

    By • Jan. 22, 2026
  • People walking down a city street.
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    Daphne Howland/Retail Dive
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    Longtime Neiman Marcus merchant heads to Bloomingdale’s

    Russ Patrick left the luxury retailer a few years ago and returns to the department store sector as general merchandise manager of home at the Macy’s Inc. banner.

    By • Jan. 20, 2026
  • A massive downtown department store building.
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    "Exterior view of historic Neiman Marcus flagship store in Dallas, Texas as seen from Commerce Street." by Dfwcre8tive is licensed under CC BY 3.0
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    What Saks Global’s bankruptcy means for vendors

    Big names like Chanel and Kering are owed substantial sums and are likely to be paid well before smaller brands’ past-due invoices.

    By • Jan. 20, 2026
  • People walking past a city department store building.
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    Daphne Howland/Retail Dive
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    Amazon says its Saks Global investment is ‘worthless’

    The e-commerce giant’s complaints could signal a long and contentious bankruptcy process for the luxury company.

    By • Jan. 15, 2026
  • J.C. Penney's home collection by Jenny Martinez
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    Courtesy of J.C. Penney
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    J.C. Penney expands 2 home collections

    A kitchen line with chef Jenny Martinez is moving into other home goods, while a Laura Ashley partnership is entering stores for the first time.

    By Tatiana Walk-Morris • Jan. 15, 2026
  • A Neiman Marcus storefront in downtown Chicago
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    Kaarin Moore/Retail Dive
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    Saks Global files for bankruptcy, shakes up leadership after a year of struggles

    Former Neiman Marcus Group chief ​​Geoffroy van Raemdonck, now CEO, is bringing on a fresh slate of executives — and has a $1.75 billion financing package to work with.

    By • Jan. 14, 2026
  • A mall store with a "JC Penney" banner in white letters on a wood-paneled background.
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    Daphne Howland/Retail Dive
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    J.C. Penney’s loss balloons in Q3 as sales continue to slide

    Still, the results were “not terrible,” given the department store’s improvements and its target customers’ financial stress, GlobalData said.

    By • Jan. 13, 2026
  • A department store building on a city corner, with people and cars.
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    Daphne Howland/Retail Dive
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    Macy’s to close Oklahoma fulfillment center

    The Tulsa facility is slated to shutter this spring, according to a company spokesperson.

    By Kelly Stroh • Jan. 13, 2026
  • A Macy's store, with parked cars in front and a palm tree on the left.
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    "Beautiful December Sky Over the Mid-Century Modern Macy's at Grossmont Center, La Mesa CA" by Joe Wolf is licensed under CC BY-ND 2.0
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    Macy’s targets another 14 stores for closure

    The department store’s downsizing plan is key to its turnaround and will ultimately entail shuttering about 150 locations.

    By • Jan. 9, 2026
  • A palm tree in front of a light-colored building, against a blue sky.
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    Courtesy of Ashkenazy Acquisition Corporation
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    S&P Global Ratings downgrades Saks Global on missed interest payment

    The luxury giant is unlikely to make good within the grace period or achieve promised savings from last year’s $2.7 billion merger, the analysts said.

    By • Jan. 8, 2026
  • A Saks storefront in Chicago.
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    Kaarin Moore/Retail Dive
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    Saks Global CEO Marc Metrick exits

    Executive Chairman Richard Baker is taking over the top position at the luxury retailer as bankruptcy speculation swirls.

    By • Jan. 2, 2026
  • People walking past a city department store building.
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    Daphne Howland/Retail Dive
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    Saks Global doesn’t rule out bankruptcy

    The department store conglomerate says it’s “exploring all potential paths” toward stability but insists the luxury market is strong.

    By • Dec. 23, 2025
  • With puffy clouds in a blue sky, bushes surround a store with the name "JC Penney" in white letters. The store entrance is a brick arch.
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    "JC Penney" by Mike Mozart is licensed under CC BY 2.0
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    Deal to sell 120 J.C. Penney stores for $950M falls through

    When it was announced in July, the deal to private equity firm Onyx Partners faced questions from investors over the selling price.

    By • Dec. 23, 2025
  • Trumpets decorating the side of a building in a city downtown.
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    "Macy's Chicago" by webriprob is licensed under CC BY 2.0
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    To see where Macy’s is going, head to Chicago

    Merchandising and customer service at the State Street flagship are the best they’ve been in 15 years, Evercore ISI analysts report.

    By • Dec. 18, 2025
  • Reflections in a department store window advertising the holidays.
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    Daphne Howland/Retail Dive
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    Deep Dive

    Saks Global is stuck

    The fourth quarter is pivotal for almost any retailer, but especially one that has a lot to prove to vendors, investors and customers. Some observers see a 2026 bankruptcy as inevitable.

    By • Dec. 9, 2025
  • People walking down the street and cars driving in a city.
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    Daphne Howland/Retail Dive
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    Reporter’s notebook: New York City’s last department stores

    A trek around the island of Manhattan at retail's busiest time of year.

    By • Dec. 9, 2025
  • People in the city gathered around a department store entrance.
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    Daphne Howland/Retail Dive
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    Saks Global sues to block Bergdorf chief merchant’s move to Nordstrom

    The luxury company alleges that Yumi Shin violated her noncompete agreement, stole proprietary information and must give back nearly $50,000 in payouts.

    By • Dec. 8, 2025
  • Holiday decorations on the outside of a department store.
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    Courtesy of Macy's
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    Macy’s cautiously optimistic about the holidays

    The department store retailer had its strongest Q3 comps in over three years, but said it’s braced for a cautious consumer and the impact of tariffs.

    By • Dec. 3, 2025
  • Belk storefront.
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    Kaarin Vembar/Retail Dive
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    Belk debuts smaller-format Market stores

    The concept is launching this month with two locations, with additional openings slated for 2026.

    By • Dec. 1, 2025
  • Dark clouds over a store entrance. A brick-red exterior wall with a "Kohl's" sign.
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    Daphne Howland/Retail Dive
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    Kohl’s makes progress in Q3 despite sales, profit declines

    Loyal customers are returning more often as turnaround initiatives take hold, though some analysts say bolder change is needed.

    By • Nov. 25, 2025
  • Pedestrians walk outside a Kohl’s store location.
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    Courtesy of Kohl's
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    Kohl’s stays the course with CEO choice

    Michael Bender took over in the interim when the newly arrived chief executive was fired for cause in May. The board unanimously made it permanent.

    By • Nov. 24, 2025
  • People walking past a huge department store.
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    Daphne Howland/Retail Dive
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    Saks Global shakeup reaches Bergdorf Goodman

    Chief merchant Yumi Shin’s exit has prompted an evaluation of merchandising leadership. Chief Retail Officer Melissa Xides is also exiting.

    By • Nov. 20, 2025
  • A department entrance at a mall.
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    Getty Images
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    Retail basics propel Dillard’s in Q3

    The department store’s strength across categories is less about artificial intelligence and more about merchandising, loyalty and well-run stores.

    By • Nov. 13, 2025