The Business Times

Department stores

SGSME

As department stores go on life support, can experiential shopping, sharpened curation save them from flatlining?

Many companies across sectors have been pulling back from DEI, with some dropping diversity-related hiring and promotion goals.
Consumer & Healthcare

Kohl’s is latest retailer to move away from using DEI language

Alibaba, which owns a 99 per cent stake in Intime, expects to record a loss of about 9.3 billion yuan on its initial investment in Intime, it said.
Companies & Markets

Alibaba to sell department store chain Intime for 7.4 billion yuan

FILE PHOTO: People queue outside a John Lewis a store announcing a seasonal sale, in London, Britain, December 27, 2021. REUTERS/Peter Nicholls
Consumer & Healthcare

UK retailer John Lewis to bring back 100-year-old price pledge

Isetan supermarket in Westgate mall at Jurong East.
Companies & Markets

Japan’s Isetan Mitsukoshi looks to take Isetan Singapore private

Arkhouse Management and Brigade Capital Management are now offering to acquire the Macy’s stock they don’t already own for US$24 per share, or US$6.6 billion, the WSJ report said.
Companies & Markets

Investors raise Macy’s buyout bid: WSJ

Family Dollar temporarily closed stores in 2022 because of the rodent infestation.
Companies & Markets

Family Dollar fined US$41.7 million over rodent-infested warehouse

The new plan is in addition to Macy’s decision in January to close five stores and cut 2,350 jobs, or 3.5 per cent of its overall workforce.
Consumer & Healthcare

US retailer Macy’s forecasts annual sales below estimates, to shutter 150 stores

NEW YORK, NEW YORK - DECEMBER 11: A Macy's store is seen at Herald Square on December 11, 2023 in New York City. Macy's stock rose more than 17% during morning trading after reports from the Wall Street Journal that Arkhouse Management, a real-estate focused investing firm, and Brigade Capital Management, a global asset manager, have offered to buy the retail chain for $5.8 billion. Michael M. Santiago/Getty Images/AFP (Photo by Michael M. Santiago / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
Consumer & Healthcare

US retailer Macy's rejects US$5.8 billion takeover offer

Macy’s spokesperson said the layoffs were part of its plan “to deploy a new strategy to meet the needs of an everchanging consumer and marketplace.”
Consumer & Healthcare

Macy’s to slash 2,350 jobs, close stores in streamlining effort

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