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Fitch: U.S. Retail Faces Gross Margin Pressure
New York—In its second quarter report on U.S. retail released today, Fitch Ratings predicted that retailers would face increasing gross margin pressure as merchandise prices increase and consumers...
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Sears Appoints New Merchandise Chief for its Sears, Kmart Stores
Hoffman Estates,IL—Sears Holdings announced today that Ron Boire will become executive vice president, chief merchandising officer and president, Sears and Kmart formats. Boire comes to Sears Holdings...
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Brendan Hoffman to Helm Bon-Ton Stores
York, PA—The Bon-Ton Stores, Inc. announced today that Brendan L. Hoffman, former president and ceo at Lord & Taylor, will become the company’s new president and chief executive, effective Feb. 7....
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Sandy Dampens November Comp Store Sales Reports
New York—Thankfully, many U.S. retailers reported today that their holiday shopping seasons, particularly since Thanksgiving, are off to a strong start. But in most cases, the Black Friday sales were...
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Macy’s, Inc. Offers $400 Million in Notes to Raise Capital
Cincinnati—In a move that would increase capital and reduce debt, Macy’s, Inc. announced Tuesday a $400 million public offering of 10-year senior unsecured notes due 2023 by its wholly-owned...
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Fitch Lowers JCPenney’s Rating Further into Junk Status
New York—Fitch Ratings, the ratings agency, this week lowered JCPenney’s credit rating into junk status on fear the struggling department store may be using up its cash faster than previously thought....
View ArticleFitch: U.S. Retail Faces Gross Margin Pressure
New York—In its second quarter report on U.S. retail released today, Fitch Ratings predicted that retailers would face increasing gross margin pressure as merchandise prices increase and consumers pull...
View ArticleSears Appoints New Merchandise Chief for its Sears, Kmart Stores
Hoffman Estates,IL—Sears Holdings announced today that Ron Boire will become executive vice president, chief merchandising officer and president, Sears and Kmart formats. Boire comes to Sears Holdings...
View ArticleBrendan Hoffman to Helm Bon-Ton Stores
York, PA—The Bon-Ton Stores, Inc. announced today that Brendan L. Hoffman, former president and ceo at Lord & Taylor, will become the company’s new president and chief executive, effective Feb. 7....
View ArticleSandy Dampens November Comp Store Sales Reports
New York—Thankfully, many U.S. retailers reported today that their holiday shopping seasons, particularly since Thanksgiving, are off to a strong start. But in most cases, the Black Friday sales were...
View ArticleMacy’s, Inc. Offers $400 Million in Notes to Raise Capital
Cincinnati—In a move that would increase capital and reduce debt, Macy’s, Inc. announced Tuesday a $400 million public offering of 10-year senior unsecured notes due 2023 by its wholly-owned...
View ArticleFitch Lowers JCPenney’s Rating Further into Junk Status
New York—Fitch Ratings, the ratings agency, this week lowered JCPenney’s credit rating into junk status on fear the struggling department store may be using up its cash faster than previously thought....
View ArticleFitch: E-Commerce to Grab Bigger Piece of Retail Pie in 2016
New York–Increasing online sales, shifting consumer spending habits, and limited replenishment purchases in apparel will eat into in-store bricks-and-mortar sales growth, according to Fitch Ratings’...
View ArticleOMNICHANNEL WILL BE KEY FOR 2017 RETAIL GROWTH, SAYS REPORT
Retailers, here’s a heads up: omnichannel retailing will continue to grow in 2017, and will be more pivotal for business development. In a recent Outlook report, finance agency Fitch Ratings found out...
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