The $23-per-share offer by the department store’s founding family comes as retailers struggle to navigate new shopping trends and costly real estate.
Category: Shopping and Retail
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Developers Use Art to Attract Tourists and Increase Property Values
Artwork has been part of urban projects for decades, but a new push from developers looking for ways to drive foot traffic has created a boom for the art world.
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Malls Add Entertainment From Nerf and Mattel to Draw Customers
Landlords are turning to companies like Hasbro and Mattel for some fun and games in “retailtainment.”
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At Costco, Shopping for Clues About Consumers
The reporter Ben Ryder Howe traveled far and wide to better understand Americans’ love of the membership-only retail store.
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Betty Halbreich, World’s ‘Most Famous Personal Shopper,’ Dies at 96
She was a local New York secret before gaining wider renown as the dressing-room companion of rich, powerful women. A dark past lay beneath her savoir faire.
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Overheard While Shopping for Jewelry
An entrepreneur, a fashion executive and a princess consider purchases in the privacy of a hotel suite.
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Peress Lingerie Shop Closes After More than 90 Years
For more than 90 years the Upper East Side shop served socially ambitious women, including Brooke Astor, Gloria Vanderbilt, Diana Vreeland, Barbara Walters, Madonna and many more.
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Kroger and Albertsons Confront a Skeptical F.T.C. in federal court
The Federal Trade Commission, which is trying to block Kroger’s plan to acquire Albertsons, said in court that the merger of grocery giants would also hurt workers’ pay and benefits.
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Macy’s Reports Lower Sales as Shoppers Cut Back
Department store chains have struggled as consumers, squeezed by budget constraints, spend less time and money at their stores.
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After 62 Years, Brooklyn Says Goodbye to Crest Hardware Store
To mourn the closure of Crest Hardware, a beloved family business in Williamsburg, fans of the store held a wake and staged a second line march.
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Myron E. Ullman III, Executive Who Remade Macy’s and J.C. Penney, Dies at 77
As a leader behind many of the world’s best-known brands, he exuded operational know-how. He also displayed a rare humility, which helped drive his success.
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7-Eleven Gets Takeover Bid From Canada’s Alimentation Couche-Tard
Japan’s Seven & i Holdings, which operates 85,000 stores, said it had received a bid from the Canadian convenience store chain Alimentation Couche-Tard.