Retail Stores

Sears to Borrow $300M From CEO Lampert as Losses Mount
August 29, 2016 at 1:06 pm

Iconic retailer Sears Holdings last week announced that it would accept a loan offer of $300 million from Edward Lampert, the hedge fund manager who runs the company. The loan, from Lampert's ESL Investments, will help provide funds for the all-important holiday season and reassure lenders and vendors nervous about more than $9 billion in losses…

Kohl's Adds Beauty Departments to All Locations
August 24, 2016 at 11:07 am

As part of a turnaround plan, Kohl’s has added beauty departments to all its 1,100 stores. Brands like Lorac, Pür, Bliss and theBalm will be sold in the new departments, which range from 670 to 1,000 square feet depending on the location. Kohl’s also moved hair dryers and irons from the home section into the…

3 Key Factors Separating Retail’s Winners and Losers
August 23, 2016 at 12:44 pm

Retail is undergoing its biggest evolution to date. Consumer expectations are on the rise, and a generation of younger shoppers is changing the way brands think about engagement, loyalty and the customer experience. With so much change, it’s inevitable that there will be winners and losers when the dust settles. In fact, we’re already seeing…

Amazon to Open Drive-Up Grocery Store
August 23, 2016 at 10:21 am

Amazon.com is planning to open a drive-up grocery store in Seattle, newly discovered planning documents suggest. Permit filings uncovered by GeekWire show plans to renovate a former restaurant in Seattle’s Ballard neighborhood into a 9,759 square foot retail space where customers can pick up groceries that they’ve ordered online, in what the project team calls “a new model of grocery shopping.” Amazon appears…

Kanye West is Opening 21 Stores Around the World This Weekend
August 19, 2016 at 10:15 am

Kanye West and his team are reportedly opening 21 pop-up retail stores in different cities and countries all across the globe that will sell Kanye West merchandise based on his album, The Life Of Pablo, as well as limited-edition designs, exclusive to each city. The temporary stores continue Kanye's partnership with Universal Music Group's Bravado, an industry leader in…

Thriving King of Prussia Mall Debuts 50-Store Expansion
August 18, 2016 at 6:34 pm

The King of Prussia Mall, located right outside of Philadelphia and owned by Simon Property Group, just opened a 155,000 square foot expansion, increasing the mall's footprint to 2.9 million square feet. The East Coast's largest shopping center offers visitors an "unparalleled shopping experience," featuring a state-of-the-art parking garage (with speed ramps and location technology)…

Perry Ellis to Close 15 Stores as Losses Grow
August 18, 2016 at 1:03 pm

Perry Ellis International said Thursday that it would close 15 stores, or about a fifth of its base, the latest sign of a shrinking physical retail presence across the U.S. as consumers increasingly opt to shop online. The decision is part of a broader plan to support the business as the Miami-based retailer reported a second-quarter loss…

4 In-Store Benefits Customers Can’t Score Online
August 18, 2016 at 11:33 am

Today’s connected world has seen many retail transactions move online, especially when it comes to younger shoppers. Despite the trend, brick-and-mortar retailers can still compete. How? With a little effort, you can lure consumers back to the sales floor by offering them benefits they just can’t find online. Here are four to consider: 1. Attentive customer…

A Look Inside Garnet Hill's Mobile Boutique
August 18, 2016 at 9:30 am

Garnet Hill, a lifestyle brand selling home and apparel products based in New Hampshire, is shaking up the traditional brick-and-mortar shopping experience. After opening a seasonal shop in the Hamptons last summer, Garnet Hill decided to take its product on the road in a mobile boutique this summer. “It’s a showroom, boutique and marketing platform…

How to Capitalize on the Pokémon Go Craze
August 17, 2016 at 11:17 am

In the short time since its release in early July, the Pokémon Go app has gotten millions of players outside and moving. Worldwide, users are flocking to locations, or Pokéstops, where the pocket demons dwell — which could be inside your store. Brick-and-mortar stores, restaurants and other businesses that opt to pay the Pokémon franchise…