Bloomberg LVMH’s Sephora beauty chain said it will open more than 60 stand-alone US stores this year in addition to the hundreds of shops already planned at Kohl’s Corp locations, betting big on a resurgence of retail foot traffic as the pandemic wanes. The expansion will take place in the Pacific Northwest, Los Angeles and the South, with plans to ...

Bloomberg Foot Locker Inc shares fell as much as 12% in premarket trading after the athletic-goods retailer missed analysts’ expectations for same-store sales and overall revenue. Comparable-store sales declined 2.7% in the fourth quarter ended on January 30, Foot Locker said, compared with analysts’ estimate of a 3.5% increase as compiled by Consensus Metrix. Revenue of $2.19 billion missed the ...

Bloomberg Belk Inc, the department store chain owned by Sycamore Partners, won court approval of its plan to slash $450 million of debt less than one day after filing for Chapter 11 bankruptcy. US Bankruptcy Judge Marvin Isgur said in a hearing he would approve the retailer’s bankruptcy plan, paving the way for Belk to emerge from Chapter 11. If ...