Retail Stores
January 14, 2016 at 10:40 am
Sears Holdings Corp. is confirming it's closing a handful of Kmart stores across the country by mid-April as it continues to trim its ailing fleet. Howard Riefs, a spokesman for the Hoffman Estates, Illinois-based parent, which also operates Sears stores, declined to give a number or offer how many people would be affected, but he said…
January 13, 2016 at 10:58 am
Macy's rival at the other end of the mall wants to get a little smaller this year, too. J.C. Penney, which has roughly 1,060 stores in the U.S., will shutter seven locations in 2016 in a bid to more efficiently operate in an era of digital commerce and dense urban areas. According to the company, all…
January 11, 2016 at 9:55 am
Investment firm Starboard Value has urged department store chain Macy's to push for realizing greater value from its real-estate holdings, including its famous Herald Square store in New York, The Wall Street Journal reported. The activist investor, in a letter and presentation to Macy's management on Sunday, said although it supports the retail chain's plans of cost…
January 8, 2016 at 9:31 am
The Finish Line, the retail chain specializing in athletic shoes, Thursday named a new CEO, revealed a loss for the fiscal third quarter and said it would close about 25 percent of its stores. Sam Sato, currently the retailer’s president, has been promoted to replace Glenn Lyon as CEO, effective Feb. 28. Lyon, who is also…
January 8, 2016 at 9:16 am
The world of retail is continuously evolving as new technology and new marketing methods continue to change the way consumers perceive brands and shop for products. Retail Vision spoke to some of the biggest names in the industry to find out what the future has in store for retailers. While IBM’s Ralph Jacobson foresees a…
January 6, 2016 at 11:06 am
The National Retail Federation Foundation announced this week the 25 individuals named to its List of People Shaping Retail’s Future 2016. The honorees represent the best and brightest individuals impacting the retail industry today and will be recognized and celebrated at the NRF Foundation Gala on Jan. 17 in New York City.
January 6, 2016 at 10:51 am
Last year was grim for retailers. This year could be even worse. Despite a late surge in holiday sales, companies like J.Crew and 99 Cents Only Stores are struggling under debt they took on in leveraged buyouts years ago. Their bond prices have plummeted as investors brace for possible defaults. The industry has been limping along for…
January 6, 2016 at 10:36 am
Amazon.com easily emerged as the retailer most likely to find success in 2016 in a poll of a RetailWire BrainTrust panelists, although there were some notable detractors. The bullishness is understandable as research shows one out of every three online product searches now begins at Amazon, and that the website accounts for about half of…
January 4, 2016 at 10:49 am
For decades, children visiting New York City savored one stop above all: a trip to the kind of toy store that existed only in their imagination. Now they'll have to keep dreaming. The massive Toys"R"Us superstore in Times Square, which wowed shoppers with a 60-foot indoor Ferris wheel; a growling, 20-foot animatronic Tyrannosaurus Rex; and…
January 4, 2016 at 10:47 am
Macy's is taking a hard look at its real estate portfolio, including nearly 800 stores nationwide, as it seeks to appease impatient shareholders concerned about sliding retail sales. The Cincinnati-based retailer is deciding which 40 stores it plans to shutter in early 2016. The move, for which details could be revealed as early as this…
