No matter how bad things get for a retailer, its execs are supposed to put on a good face and spin the bad news into something positive. So it may say a lot about Macy’s that the best line its Chief Financial Officer could muster was “We’re not dead.” [More]
off-price
Gordmans Files For Bankruptcy, Will Liquidate
By 3.13.17 — Updated: 3.31.17
A week after reports suggested that midwest retailer Gordmans was preparing to file for bankruptcy, the off-price retailer has done so and revealed plans to liquidate assets. [More]
The Limited Opened A Stealth Chain Of Off-Price Stores
By 5.5.16
The popular thing for department and clothing stores to do in recent years has been to open their own off-price stores, and women’s clothing retailer The Limited wants to join that party. They’re using the familiar model from Nordstrom Rack, Saks Off Fifth, and J. Crew Factory Stores–some deep-discounted merchandise that didn’t sell in regular Limited stores, but mostly cheaper items designed specifically for price-conscious customers. [More]
Lord & Taylor Launching Yet Another Off-Price Chain
By 10.26.15
Earlier this year, we learned that Macy’s was opening its own off-price stores called Macy’s Backstage, and Kohl’s is opening an off-price store called Off Aisle by Kohl’sto unload returned merchandise. Now Lord & Taylor wants to join the party with their own off-price store, called Find @ Lord & Taylor. [More]
Kohl’s Will Open An Off-Price Store In New Jersey
By 5.21.15
You may have been under the impression that Kohl’s, a department store where suggested retail prices are largely imaginary because most of the store is at least 30% off, already was a discount store. Even then, they’re about to experiment with an even more discounted store, joining stores like Nordstrom, Saks, and now Macy’s in opening their own downscale outlet store. [More]
Macy’s Decides To Grow By Targeting Bargain-Hunters
By 2.26.15
How does a department store company grow when department stores, as a category, are not doing so well? They have to go where customers are, and in general where customers are headed is “downmarket.” Looking at the success that its competitors have had with stores aimed at “aspirational shoppers” with thinner wallets, Macy’s is expanding into the discount brand-name model that you can find at chains like Nordstrom Rack and Off Fifth. [More]
