Retail rebound is now: Sales predicted up 4.5 percent over last year

Aug 15, 2018
Major department stores report their earnings this week, starting with Macy’s on Wednesday, followed by Nordstrom and J.C. Penney on Thursday. After a retail slump and slide over many quarters, Americans are coming back to shopping, and the numbers show stores are enjoying the trend. Click the audio player above to hear the full story. 
Department store sales have been declining.

Nordstrom releases its earnings today as it looks to boost in store purchases

May 17, 2018
The plus size market will see more options for them in the brands they want

Macy’s parades an unexpectedly strong earnings report

May 16, 2018
The department store chain beat Wall Street’s estimates on a whole lot of fronts.

The retail industry is taking a cue from coal country

Jan 3, 2018
Retail workers are banding together to amplify their voices.
A view of a J.C. Penny department store in Fort Worth, Texas.
Tom Pennington/Getty Images

Why the retail apocalypse isn't being taken seriously

Jan 2, 2018
The number of retail workers far exceeds the number of coal miners or recent manufacturing employees, points out Columbia University professor Mark Cohen.
Shoppers are packed into Tysons Corner Center, a mall in suburban Washington.
Brendan Hoffman/Getty Images

Despite high interest rates, people still sign up for department credit cards

Dec 11, 2017
Department store credit cards, which tend to have high interest rates, have fallen out of fashion. But for some with bad credit, they are the only option.
Credit cards are pictured, on February 5, 2013 in Rennes, western France.

Will ordering less inventory help department stores this holiday season?

Nov 9, 2017
The holiday season is approaching, and there are reports that department stores, including Kohl’s, Macy’s and Nordstrom are ordering less inventory. After a year of declining sales and foot traffic, these retailers don’t want piles of unsold stock eating into their profits. But are they risking empty shelves and disappointed shoppers? Click the audio player […]

For public good, not for profit.

Macy's to hire fewer holiday workers, but more of them will pack online orders

Sep 19, 2017
It’s a holiday tradition: every fall, retailers staff up their stores to prepare for the inevitable crush of shoppers. But this year, Macy’s said it’ll be hiring fewer holiday workers — about 80,000 people in total. And more of those workers will be operating out of warehouses, packing online orders, than last year. Could these […]

A luxury department store with issues

Mar 14, 2017
The private-equity outfit that owns 100-year old luxury retailer Neiman Marcus has hired advisers to shop the company for a sale. Neiman might come with a lot of baggage, including almost $5 billion in debt rated at junk status. In the age of internet retail, is there any appeal in owning a high-end department store […]

Sears recovery plan sparks hope and skepticism

Feb 10, 2017
Beleaguered retailer Sears is out with a plan to turn its fortunes around, and the company’s stock rose on the news. To most time-worn Sears-watchers, however, it looks a lot like more of the same and not enough to rescue the company.