Retail Stores
January 30, 2017 at 1:31 pm
Sportswear retailer Finish Line said last week it would sell its JackRabbit business to CriticalPoint Capital LLC, two months after announcing that it would explore strategic alternatives for the specialty running gear unit. JackRabbit, formerly known as Running Specialty Group, is a chain of 65 stores in 17 U.S. states selling running gear under brands…
January 30, 2017 at 11:09 am
In episode 75, Anthony Hoang, former chief information officer at Evereve, a contemporary retail brand that specializes in styling moms, discusses how the company is leveraging long-term evolution (LTE) Wi-Fi in its brick-and-mortar stores, and the impact that the technology is having on the shopping experience. Learn how Evereve is using technology to bridge online and…
January 26, 2017 at 10:41 am
Wal-Mart has partnered with AutoNation and CarSaver to create an automotive retail platform that will begin selling cars at 25 Wal-Mart locations starting this April. The program will offer consumers a one-stop shop for buying and financing, and will be available at select stores in Houston, Dallas, Phoenix and Oklahoma City. However, not everything will be online…
January 26, 2017 at 10:35 am
Here’s some bad news for department stores: According to Green Street’s 2017 Mall Outlook, department store chains need to close about 800 locations to achieve their inflation-adjusted sales productivity level of 2006. This equates to 20 percent of all U.S. mall anchor space, according to the report. Green Street revealed that Sears and J.C. Penney…
January 25, 2017 at 9:09 am
There are approximately 85 million mothers in the United States. From baby boomers to millennials, these consumers have a tremendous amount of purchasing power, at approximately $2.45 trillion. It makes sense that many brands have already identified moms as one of their most important customer segments, but you’d be remiss to paint the mommy-shopper with broad strokes. To make…
January 23, 2017 at 12:03 pm
Pep Boys announced this morning the purchase of privately held Just Brakes, an automotive repair and maintenance chain, increasing the number of Pep Boys auto service locations to over 900 locations. Just Brakes, in business for 36 years, has 134 locations and operates in eight states and 14 major metro markets. Total Retail's Take: Pep Boys,…
January 20, 2017 at 9:27 am
BCBG Max Azria Group Inc. is planning to close stores and restructure as the company deals with a debt burden. Bloomberg reports that BCBG will reduce its focus on brick-and-mortar and, instead, focus on e-commerce and selling through other retailers. The fashion retailer operates more than 570 stores worldwide and more than 175 in the…
January 17, 2017 at 12:23 pm
The Limited, which has already shuttered its once ubiquitous stores, took another major step Tuesday toward fading from the retail landscape by filing for bankruptcy protection. Citing its declining financial performance, the Ohio-based women's clothing company filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware. Before taking this latest step, the company had…
January 12, 2017 at 10:12 am
Fossil Group has laid off employees this week at its corporate headquarters in Richardson, Texas, according to The Dallas Morning News. The company didn't say how many employees were affected by these cuts. Company spokeswoman Ann Jane Draper said Fossil also has started closing stores — there are 284 locations in the U.S. Fossil reported a 70…
January 12, 2017 at 10:08 am
Teen apparel retailer Aéropostale is reopening 500 stores across the country, starting this week. The stores are relaunching with the latest spring 2017 apparel and accessories for boys and girls. In February, the retailer will begin its spring 2017 marketing campaign, featuring all new messaging that reflects the new free spirit of the brand. Total…
