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Purchaser of 28 Hudson’s Bay Leases Plans New Department Store Concept

Retail TouchPoints

As part of the ongoing corporate restructuring following its March 2025 bankruptcy declaration, Hudsons Bay has agreed to assign up to 28 store lease locations in Ontario, Alberta and British Columbia to Ruby Liu Commercial Investment , a corporation indirectly controlled by billionaire Canadian mall owner Ruby Liu.

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FedEx Launches Returns Service with 3,000 Dropoff Locations

Retail TouchPoints

FedEx has introduced FedEx Easy Returns , a box- and label-free returns solution supported by approximately 3,000 brick-and-mortar dropoff locations that include FedEx Office and Kohls stores. This change is a result of the company conducting a test, according to USA Today.

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Steve Madden Buys Kurt Geiger for $364.1 Million

Retail TouchPoints

store last month , with another five in development and plans to eventually operate 50 locations in the region. Additionally, Kurt Geiger operates footwear concessions inside luxury and premium department stores in the UK, including Harrods and Selfridges , where it sells both its own and third-party brands.

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Macy’s Store Closures Partially Responsible for 274% Increase in Retail Layoffs, According to a New Report

Retail Wire

View this post on Instagram A post shared by Team Coco (@teamcoco) How Macy’s Store Closures Factor Into the Job-Cut Wave Although craft chain Joann and several pharmacy giants have grabbed headlines, Macy’s looms large in the 2025 retail retrenchment story. West Orange, New Jersey (459 Prospect Ave.) —a

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Struggling Kohl’s to Close 27 Stores, Cut 10% of Corporate Workforce

Retail TouchPoints

The San Bernardino facility is one of 15 EFCs and distribution centers, and the closing stores represent approximately 2.3% of Kohls 1,150 locations. Like other department stores, Kohls has had trouble adjusting to changes in consumer shopping patterns. Net sales for the retailers Q3 2024, which ended Nov.

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Why Store Closures Present Opportunity for Retail Real Estate

Retail TouchPoints

When retailers closed stores, however, online sales in a given area decreased by 11.5%, with some categories including home (32.2%) and department stores (26.1%) seeing even greater declines. Emerging retailers saw even greater gains, of 13.9%.

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Services and the mid-market: Takashimaya’s post-tourism plan

Inside Retail

On April 17, Takashimaya, Japans upscale department store company, released the results for its fiscal year ending February 28. The lions share of operating revenue (83 per cent) and exactly half of the operating profit emanated from domestic stores. Operating profit as a whole rose by 11.2 So far, so good.

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