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Nordstrom to evaluate founding family's interest in take-private deal, ET Retail

The move by CEO Erik Nordstrom and President Pete Nordstrom comes at a time when department store chains across the U.S. are grappling with weak sales as sticky inflation and elevated borrowing costs prompt customers to rethink their discretionary spending.

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Thailand's Central Group buys Berlin's insolvent KaDeWe store

The major Thai developer, Central Group, has taken over the property that is home to Berlin's iconic KaDeWe department store following an agreement with the previous, insolvent owner Signa Prime Selection, Central said on Friday. The Thai group is also considered to be among the leading candidates bidding to fully take over the whole KaDeWe Group, including the retail business itself, according to trade experts. Central currently holds a 50.1% stake in the group, while 49.9% belong to the Signa

Thailand , Austria , Berlin , Germany , Hamburg , Thai , Austrian , Galeria-karstadt-kaufhof , Signa-group , Central-group , Kadewe-group , Benko-signa-group

Thai group buys iconic Berlin department store

Thailand's Central Group said Friday it has bought the iconic KaDeWe department store in Berlin from insolvent Austrian real-estate giant Signa."We are pleased to add KaDeWe Berlin to Central Group's historic flagship luxury store real estate portfolio," said Central Group's chief executive, Tos Chirathivat.

New-york , United-states , Munich , Bayern , Germany , Austria , Berlin , Thailand , Hamburg , United-kingdom , British , Thai

Thailand's Central Group buys Berlin's iconic KaDeWe store building

The major Thai developer, Central Group, has taken over the property that is home to Berlin's iconic KaDeWe department store following an agreement with the previous, insolvent owner Signa Prime Selection, Central said on Friday. The Thai group is also considered to be among the leading candidates bidding to fully take over the whole KaDeWe Group, including the retail business itself, according to trade experts. In addition to the famed high-end KaDeWe store in Berlin, which was founded in 1907

Hamburg , Germany , Austria , Munich , Bayern , Berlin , Thailand , West-germany , Austrian , Thai , Galeria-karstadt-kaufhof , Signa-group

Macy's to close 150 stores as sales slip as it pivots to luxury at Bloomindale's and Blue Mercury

Macy's will close 150 stores over the next three years and 50 by the end of 2024, the department store said Tuesday after posting a fourth quarter loss and declining sales. While adjusted net income and revenue topped Wall Street expectations, Macy's offered a muted outlook for the year. The department store chain faces a proxy fight from Arkhouse Management which nominated a slate of nine director for election to Macy's board last week.

United-states , Americans , Jeff-gennette , Neiman-marcus , Bloomingdale , Wall-street , Arkhouse-management , Brigade-capital-management , Macy-39-s , Epartment-store , Rigade-capital-management , Ony-spring

Macy's to close 150 stores as sales slip as it pivots to luxury at Bloomingdale's and Blue Mercury

Macy's will close 150 stores over the next three years and 50 by the end of 2024, the department store said Tuesday after posting a fourth quarter loss and declining sales. While adjusted net income and revenue topped Wall Street expectations, Macy's offered a muted outlook for the year. The department store chain faces a proxy fight from Arkhouse Management which nominated a slate of nine director for election to Macy's board last week.

United-states , Americans , Jeff-gennette , Neiman-marcus , Bloomingdale , Blue-mercury , Wall-street , Arkhouse-management , Brigade-capital-management , Macy-39-s , Epartment-store , Rigade-capital-management