Tag #Department Stores

forbes.com
🌐 75% Global Worthiness
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2025 Retail Predictions: Challenges, Consolidation, and the Ozempic Factor

The 2025 retail predictions highlight department store struggles, Target's challenges from Walmart, increased store closures, Amazon's grocery ambitions, potential M&A activity, and the impact of weight-loss drugs like Ozempic.

Progress

60% Bias Score

Reduced Inequality
cnn.com
🌐 75% Global Worthiness
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Kohl's New CEO Inherits Struggling Retail Giant

Kohl's new CEO, Ashley Buchanan, inherits a struggling department store chain with declining sales and stock value due to previous executive decisions that alienated customers. The company is facing challenges from online competition, high inflation, and the lingering effects of the COVID-19 pandemi...

Progress

44% Bias Score

Decent Work and Economic Growth
edition.cnn.com
🌐 65% Global Worthiness
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Kohl's to Close 27 Stores Amidst Profitability Struggles

Kohl's is closing 27 underperforming stores across 13 states by April to improve profitability, a move by outgoing CEO Tom Kingsbury amidst declining sales and following similar actions by Macy's.

Progress

48% Bias Score

Decent Work and Economic Growth
cbsnews.com
🌐 75% Global Worthiness
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Nordstrom to Go Private in $6.25 Billion Deal

The Nordstrom family and Mexican retail group El Puerto de Liverpool will acquire Nordstrom for $6.25 billion, offering shareholders $24.25 per share, a 42% premium, to address challenges from discount chains and other competitors, with the deal expected to close in the first half of 2025.

Progress

44% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 75% Global Worthiness
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Macy's Faces New Activist Pressure Amidst Declining Sales and Accounting Irregularities

Activist investor Barington Capital and Thor Equities are pushing Macy's to cut costs, sell luxury brands, and optimize its real estate portfolio, following declining sales and a recent \$154 million accounting irregularity.

Progress

40% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 75% Global Worthiness
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2025 Retail Predictions: Department Store Decline, Target's Struggle, and Looming Store Closures

The 2025 retail predictions highlight department store struggles, Target's competitive challenges, and a predicted surge in store closures, all while considering the impact of new weight-loss medications.

Progress

56% Bias Score

Reduced Inequality
us.cnn.com
🌐 75% Global Worthiness
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Kohl's New CEO Inherits Declining Sales, Stock Value

Kohl's, facing declining sales and stock value for 11 consecutive quarters, saw its previous CEO's attempt to revamp the chain by replacing private-label brands with well-known ones fail to offset shortfalls, alienating core customers and resulting in a nearly 50% stock drop over the past year.

Progress

48% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 75% Global Worthiness
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Nordstrom to Go Private in \$4 Billion Deal

Nordstrom, facing declining sales and increased competition, will be acquired by its founding family and Mexican retailer Liverpool for nearly \$4 billion in cash, marking its exit from public markets after 54 years; the deal is expected to close in the first half of 2025.

Progress

40% Bias Score

Decent Work and Economic Growth
edition.cnn.com
🌐 75% Global Worthiness
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Macy's Faces Pressure to Sell Real Estate Assets

Activist investors Barington Capital and Thor Equities proposed that Macy's sell its real estate assets, valued at up to \$9 billion, nearly double its market value, to unlock shareholder value, as they view Macy's retail operations as worthless; Macy's rejected similar proposals in July, citing fin...

Progress

44% Bias Score

Decent Work and Economic Growth