Department Store | featured news

Prosecutors said one of the five people charged in connection with the take-over robbery at a Nordstrom Rack department store in Westchester raped one of the female hostages.

J.C. Penney Co.’s transformation team started to unravel on Monday. Penney president Michael Francis was fired after only eight months as the No. 2 executive at the Plano-based department store chain. Francis’ abrupt departure appears to be another corrective step from CEO Ron Johnson, who recently acknowledged that Penney’s marketing message has confused shoppers.

Sears CEO Louis D'Ambrosio received a compensation package valued at $9.9 million last year, most of it in stock awards.

Dillard's misses estimates, but Saks cruises past expectations.

A central Pennsylvania man faces shoplifting charges after police said he tried to steal a pair of women's high-heel shoes by wearing them out of a department store. Lancaster police said 22-year-old Kyle James Eckman went into a store dressing room and put on a pair of size-10 heels then walked out without paying.

U.S. retailers largely saw a strong finish to the 2009 holiday season even though sales fell at apparel chains and department stores in December, according to MasterCard Advisors' SpendingPulse.

LOS ANGELES (Reuters) - Department store chain Macy's Inc said on Tuesday it recorded an estimated pre-tax goodwill impairment charge of around $5.4 billion in 2008.