Department Store News

• Department store John Lewis set to cut prices in online push
  
  The department store will launch a homeware range and introduce 'more affordable' budget ranges to counter the perception that it is expensive.
  Daily Mail.  Saturday, 17 Oct 2020.
• These 2 retailers will have terrible holiday seasons, market strategist predicts
  
  And here comes the holiday season pain for department stores, argues one long-time retail analyst.
  Yahoo.  Friday, 16 Oct 2020.
• Tycoon who bought BHS told backer he couldn't pay him as he was in a 'complicated situation'
  
  Dominic Chappell, 53, blames Sir Philip Green for the collapse of the department store chain. He maintains he would have been able to pay his taxes 'had BHS not failed', jurors heard.
  Daily Mail.  Thursday, 15 Oct 2020.
• India's richest man emerges as surprise suitor for ailing Debenhams
  
  Mukesh Ambani, India's richest man and the powerhouse behind one of the country's largest conglomerates, has emerged as a shock contender to take control of Debenhams, the struggling department store chain.
  Sky News.  Wednesday, 23 Sep 2020.
• Discount retailer Century 21 files for Chapter 11 bankruptcy and is closing all of its 13 stores
  
  The discount department store chain Century 21 has filed for Chapter 11 bankruptcy protection and is closing all of its remaining 13 stores, it announced Thursday.
  CNBC.  Thursday, 10 Sep 2020.
• Mall owners Simon, Brookfield set to rescue JC Penney from bankruptcy in $800 million deal
  
  Bankrupt department store chain J.C. Penney is expected to be rescued by its landlords, mall owners Simon and Brookfield.
  CNBC.  Wednesday, 9 Sep 2020.
• JC Penney: Landlords plot rescue for department store
  
  The deal for the 118-year-old company could save more than 70,000 jobs.
  BBC News.  Wednesday, 9 Sep 2020.
• Debenhams gives bidders 5pm deadline for offers
  
  Advisers to Debenhams have asked prospective bidders to table offers for the business on Tuesday as they seek to salvage a future for the 242 year-old department store chain.
  Sky News.  Tuesday, 1 Sep 2020.
• In Colorado town, the post office delivers much more than the mail
  
  Leadville, Colo., has no car dealership, no Walmart, no department store and no dependable internet service. The post office fills important gaps.
  Los Angeles Times.  Sunday, 30 Aug 2020.
• One in four BHS stores remain vacant four years after collapse
  
  Department store chain closed its last stores in 2016 but finding new uses is a lengthy process.
  BBC News.  Saturday, 29 Aug 2020.
• Lord & Taylor closes its doors, ending a nearly 200-year-old legacy
  
  The iconic department store will permanently close all of its remaining locations and shut down its website.
  CBS News.  Friday, 28 Aug 2020.
• Debenhams - From Destination Designer To Delivering Dismay
  
  In a news feature this morning, Sky News reported that Hilco Capital has been appointed to work with Debenhams if a sale is not agreed for the department store.
  Forbes.  Saturday, 15 Aug 2020.
• Amazon reportedly looking to take over Sears, JCPenney stores as mall fulfillment centers
  
  The online delivery giant thinks it can get your order to you faster. It would mean replacing struggling department stores and moving into malls.
  ABC News.  Tuesday, 11 Aug 2020.
• The Retail Resurgence Has Stalled For Department Stores As Covid-19 Rages
  
  New store traffic numbers show that the return of shoppers to department stores that began with spring reopenings has stopped -- and in some cases is starting to reverse.
  Forbes.  Monday, 10 Aug 2020.
• Report: Amazon Wants to Turn Closed Department Stores Into Fulfillment Centers
  
  Amazon is in talks to turn closed J.C. Penney and Sears shops into distribution hubs.
  Entrepreneur.  Monday, 10 Aug 2020.

Department Stores News Headlines and News Summaries