Retail Stores
February 7, 2017 at 1:56 pm
Dollar General Corp. said Friday that a rollout of new stores and distribution centers will lead to the creation of roughly 10,000 new jobs this year. The Goodlettsville, Tenn.-based discount store chain is expecting to open 1,000 new locations, along with two distribution hubs, adding new positions that will grow its staff by about 9 percent.…
February 7, 2017 at 1:21 pm
Eastern Outfitters, the parent of discount chain Bob's Stores and outdoor retailer Eastern Mountain Sports, filed for bankruptcy protection on Sunday, the latest U.S. retailer to do so amid increased competitive pressure facing the sector. British sportswear retailer Sports Direct International has engaged in extensive talks with Eastern Outfitters to become a stalking-horse bidder in a…
February 7, 2017 at 9:19 am
Wow. A month into 2017 and The Limited and Wet Seal are closing their doors forever. Hundreds of stores gone, thousands of jobs gone. The rest of the brick-and-mortar retailers panic and wonder whether they can slash prices and profit margins again. Many are throwing up their hands, muttering that it’s impossible to fight the…
February 6, 2017 at 11:38 am
bebe stores, inc. said it will not open any stores in 2017 and will close up to 25 bebe and outlet stores, decreasing total store square footage by 16 percent. The company made the disclosure last Thursday when it posted second-quarter results for sales at its stores. The retailer said Q2 same-store sales fell 10.5 percent,…
February 3, 2017 at 4:48 pm
While it's already February, we still have 2016 on the mind. Since the trend to open stores on Thanksgiving Day is only a few years old, it’s a reasonable question as to whether this is a passing fad or it’s here to stay. This year, some retailers which had previously opened on Thanksgiving decided against…
February 3, 2017 at 9:25 am
Wet Seal LLC filed for bankruptcy protection on Thursday, following reports last week that the struggling teen apparel retailer had closed all its stores after it was unable to find a buyer. The Irving, Calif.-based company listed assets of $10 million to $50 million and liabilities of $50 million to $100 million in a filing with…
February 2, 2017 at 11:00 am
Retail businesses certainly witnessed more than their fair share of opportunities and challenges last year. There has been a massive increase in mobile shopping, more investment in omnichannel technology than ever before and a dramatic shift towards digital selling strategies. Retailers across the globe are looking at these changes in consumer behaviors and trying to…
February 2, 2017 at 10:47 am
Restoration Hardware and Crate and Barrel are going head-to-head in court over trade secrets and in-store cafes. The trendy Three Arts Club Cafe operated by Restoration Hardware inside its RH Chicago Gold Coast gallery is at the center of this fight. In 2012, Restoration Hardware started developing a concept to include food and beverage services…
February 2, 2017 at 10:41 am
Veteran retail boss Terry Lundgren is stepping down as Macy’s CEO at the end of this quarter. The New York Post reports that Lundgren is trying to avoid a looming board shakeup that could tarnish his 13-year tenure at Macy's and turn the largest U.S. department store into a messy battleground. A partner at a…
February 1, 2017 at 3:34 pm
Tune in to learn how to use digital experiences to capture the interest, loyalty and dollars of Generation Z and millennial consumers.
