Retail Stores
June 12, 2015 at 3:22 pm
Tuxedos are coming to Macy's. The department store chain announced a 10-year agreement with Men's Wearhouse to open tux rental shops at 300 of its stores, according to MarketWatch. Men’s Wearhouse will staff and control the tuxedo shops in Macy’s stores. Seventeen pilot tuxedo shops will open in the fall of 2015 in New Jersey,…
June 12, 2015 at 2:09 pm
Put J.C. Penney executives in the same room with Wall Street analysts and the question of store closings always comes up. Why isn’t Penney closing more stores? J.C. Penney CEO Mike Ullman and CEO-designee Marvin Ellison were on the same podium Wednesday at the Piper Jaffray Annual Consumer Conference in New York. Analyst Neely Tamminga…
June 11, 2015 at 2:18 pm
Americans stepped up their spending at retailers in May, especially for autos, clothes and building materials, in a sign that strong job growth has begun to boost store sales. Retail sales rose at a seasonally adjusted 1.2 percent annual rate after a 0.2 percent gain in April, the Commerce Department said Thursday. Over the past…
June 9, 2015 at 2:22 pm
Online diamond retailer Blue Nile is putting down some brick-and-mortar roots for the first time by opening a tiny store of its own at a mall outside New York City. The so-called “webroom,” a 325-square-foot space with a half-dozen staffers, grew out of the Seattle retailer’s experiments with temporary counters inside a couple of Nordstrom…
May 21, 2015 at 3:41 pm
Kohl’s is about to try its hand at “off price” retail, becoming the latest retail chain to open an outlet store to lift sales and profits. The department store will open a single 30,000 square-foot store in Cherry Hill, N.J., near Philadelphia, in June that will be stocked with “like new” clothes, accessories and home…
May 20, 2015 at 5:35 pm
Despite an overall lackluster retail environment, Target Corp. reported a 52 percent increase in first-quarter profit, helped by operating improvements and an easy comparison to last year’s difficulties. The Minneapolis-based retailer beat analysts’ and its own expectations with a profit of $635 million in the quarter ended May 2, up from $418 million a year…
May 20, 2015 at 2:50 pm
In this podcast snippet from last week's Retail Marketing Virtual Conference & Expo hosted by Total Retail, a panel of retail disrupters — Katrina Lake, founder and CEO of Stitch Fix, an online personal styling service for women; MaryAnn Bekkedahl, president and co-founder of Keep, an online site designed to help women discover and buy…
May 18, 2015 at 3:39 pm
Showrooming, the act of researching a product in-store before purchasing online, has plagued retailers for years and enabled e-commerce to chip away at in-store sales. Lately, however, experts have noted the trend picking up the most steam is actually the opposite – savvy shoppers opting to browse options online prior to purchasing in-store. According to…
May 18, 2015 at 2:35 pm
FAO Schwarz will close its doors on July 15 after calling Fifth Avenue home for nearly 30 years. The rent was too high for the iconic toy store, but its owner, Toys"R"Us, is hunting for a new location in midtown Manhattan, a spokeswoman said Friday. FAO Schwarz is a popular attraction for many families that visit the…
May 15, 2015 at 3:34 pm
Macy’s has a couple of real problems. It's trying to figure out who its customer is and why they shop in such different ways. The other problem is it doesn't understand millennials, who are now coming of age and have significant spending power. These young people are the future of retailing — and they clearly…
