Retail Stores
July 17, 2015 at 2:10 pm
After spending more on school supplies and electronics in 2014, parents this year will head into the back-to-school season evaluating what their children really need before spending on new items. According to the National Retail Federation's Back-to-School Spending Survey conducted by Prosper Insights & Analytics, the average family with children in grades K-12 plans to…
July 17, 2015 at 1:57 pm
Ollie's Bargain Outlet CEO and President Mark Butler rang the Nasdaq bell to open the financial market on Thursday. It was a special day for Butler, who was on-hand to witness the initial public offering of the Harrisburg, Pa.-based company, which opened its first store in 1982 in Mechanicsburg. "How cool is that?" Butler said…
July 17, 2015 at 1:49 pm
FAO Schwarz on New York City's Fifth Avenue can no longer make adults into kids again. The iconic toy store near the southeast corner of Central Park closed its toy soldier-guarded doors Wednesday. Owner Toys"R"Us had previously announced the closure due to rising rental costs. The company says it will move the store — and…
July 14, 2015 at 2:35 pm
Sales at U.S. retailers unexpectedly dropped in June, curbing optimism about the strength of the rebound in consumer spending during the second quarter. Purchases decreased 0.3 percent after a 1 percent advance in May that was smaller than previously reported, Commerce Department figures showed Tuesday. The median forecast of 82 economists surveyed by Bloomberg called…
July 13, 2015 at 2:07 pm
J.Crew has gotten a lot of flack from customers for how pricey much of its merchandise has gotten in the last few years. So to remedy that, the fashion retailer will open the first location in a new chain of lower-priced stores called J.Crew Mercantile later this month, the company announced on Friday. The first…
July 10, 2015 at 1:43 pm
Target has opened a new retail space at the base of its Metreon City Target near San Francisco’s Moscone Center, and if you’re a fan of the smart home, clear acrylic furniture or grand retail experiments, then this is the place to be. The Minneapolis retailer is calling this Target’s Open House, and it's the…
July 7, 2015 at 3:18 pm
When you think of Black Friday, it might evoke images of families camped out just hours after clearing their Thanksgiving dishes. Black Friday 2014 was the biggest online shopping day in U.S. history, with online sales growing 20.6 percent compared to 2013. Since Black Friday has become the crown jewel for retailers, preparation for it…
July 7, 2015 at 2:35 pm
Seritage Growth Properties, the real estate spinoff of Sears Holdings Corp., made its debut Monday on the New York Stock Exchange and estimated that it raised about $1.6 billion from the offering. Sears, which is dealing with slumping retail sales, formed the real estate investment trust to extract more revenue from its properties. It plans…
July 2, 2015 at 2:27 pm
Best Buy’s alliance with Samsung is getting even deeper. The Richfield, Minn.-based electronics retailer already has two store-within-a-store spaces dedicated to Samsung products — one for TVs and the other for smartphones and mobile devices. Now, in some stores, it will add a Samsung-branded space for appliances. The “Samsung Open House,” a roughly 20-by-20-foot area, was installed…
June 30, 2015 at 1:55 pm
For over 20 years, warehouse club juggernaut Costco Wholesale Corp. has quietly been dabbling in a new market: selling supplies specifically tailored to small businesses. Now, Costco could be looking to move more aggressively with a store format in a bid to head off competition from Wal-Mart's small-business friendly brand Sam's Club, as well as…
