Macy's said strategy of opening its Backstage off-price chain within its department stores drives traffic into the main store, but experts say the move confuses customers and could hurt Macy's longer-term results.
Major department stores have been forced to close stores, but their losses present a unique opportunity to the booming off-brand sector. Stores like T.J. Maxx and Burlington could pick up some of that lost revenue.
Counselor to U.S. President Donald Trump Kellyanne Conway on Thursday promoted Ivanka Trump's clothing and jewellery line, further fuelling the debate of the President's potential conflict of interests.
British sporting goods company Sports Direct International is in talks to bid for Eastern Outfitters, the parent of U.S.discount chain Bob's Stores and outdoor retailer Eastern Mountain Sports, sources have revealed.