Macy’s is closing its online store on Tmall, Alibaba's Chinese-language B2C e-commerce platform, marking the department store's exit from the country. The e-store will stop all operations on December 31.
Sequential Brands Group has closed on a long-term licensing partnership renewal of Jessica Simpson's footwear business with Camuto Group, the company recently acquired by DSW and Authentic Brands Group.
As store sales fall and purchases shift online over the Thanksgiving weekend, most U.S. retailers have boosted their web offerings but many still overlook the sales impact from opening their doors on Thursday evening.
Kohl’s Corp shares slumped as much as 12 percent on Tuesday after the department store operator forecast full-year earnings largely below estimates, blaming rising shipping costs and higher holiday discounts.