Retail Stores
June 28, 2016 at 4:16 pm
Starting in next year's first quarter, Macy’s will have a new CEO to take on struggling sales and address the greater challenges surrounding the way people shop. Macy's current chief executive, Terry J. Lundgren, will step down and cede the top spot to the company's current president, Jeff Gennette. Lundgren will stay on as executive…
June 28, 2016 at 12:31 pm
Barnes & Noble is opening four concept stores throughout the country in 2017. In cafes twice the size of the bookstore’s current spots, beer, wine and a bigger food menu will be available to shoppers. This is the latest effort from Barnes & Noble to rejuvenate the company and grow sales. Jaime Carey, president of…
June 24, 2016 at 12:03 pm
The rise of online shopping has brought many benefits with it — convenience, an expanded selection of products and competitive prices. One of the most dramatic side effects of the online shopping phenomenon, however, is that it's forced us to re-examine the traditional brick-and-mortar shopping experience. We’ve learned that the in-store shopping experience isn’t easily…
June 23, 2016 at 12:49 pm
Ulta’s CEO Mary Dillon said this week that the beauty retailer has no intention of adding more prestige brands to its stores. Currently, Ulta sells an assortment of high- and low-end brands in its stores, something Dillon believes is the strength of the company. She also hopes to double e-commerce sales in the coming years.…
June 22, 2016 at 11:48 am
Back in January, TWICE reported that an outside investor had acquired struggling electronics retailer Circuit City, causing a lot of excitement in the retail sector. Data Vision, the brand that acquired Circuit City from IT supplier Systemax, promised to breathe new life into the business and open anywhere from 5,000 to 10,000 stores by June…
June 16, 2016 at 2:30 pm
In today's news roundup, find out why Home Depot is suing Visa and MasterCard; the issue that almost caused Macy's workers in New York City to go on strike; Wal-Mart's strategy for optimizing in-store workers; and Target's latest collaboration.
June 13, 2016 at 12:40 pm
Editor’s Note: Welcome to our newest feature, Total Retail Report’s In the News section, where we will highlight and offer our take on the top retail-related news articles of the day. Please let us know what you think about this new feature by posting a comment below. Walgreens Ends Theranos Partnership Walgreens announced last week that it…
June 10, 2016 at 2:56 pm
With smartphones enabling consumers to be connected at all times, retailers are forced to cater to shoppers staring at their phones.
June 10, 2016 at 12:59 pm
It’s the part of the clothes-shopping trip that most consumers like least: heading to the fitting room to try things on. And retailers have made little progress in improving that experience, even though a little effort could help them reap financial rewards, according to experts. “If you have a well-run fitting room, it drives an increasing…
June 9, 2016 at 11:52 am
lululemon posted first-quarter sales that topped analysts’ estimates, helped by new products like an expanded selection of women’s tops. Sales rose 17 percent to $495.5 million in the quarter ended May 1, the Vancouver-based company said in a statement Wednesday. Analysts projected $487.6 million, on average. The results signal that lululemon’s new merchandise is gaining traction. The yogawear retailer…
