Retail Stores
March 30, 2023 at 9:10 pm
During a keynote session earlier this week at Shoptalk in Las Vegas, Joanne Crevoiserat, CEO of Tapestry, parent of brands Coach, Kate Spade, and Stuart Weitzman, detailed the organization's strategy for strengthening its brands and winning over customers in a shifting retail landscape. Here are some highlights from Crevoiserat's interview with Sara Eisen, journalist at CNBC. On Marketing…
March 20, 2023 at 5:37 pm
Foot Locker CEO Mary Dillon on Monday outlined a new long-term strategy to grow the business as the retailer reported a sales decline of 0.3 percent in the fourth quarter. The strategy, dubbed “Lace Up," includes plans to expand sneaker culture by creating more sneaker occasions and providing more choice; relaunching the Foot Locker brand and opening new…
March 16, 2023 at 4:19 pm
Five Below plans to expand its higher-priced Five Beyond concept by converting 400 more store locations, reports PYMNTS. The specialty discount store is looking to appeal to a new demographic of customers with its Five Beyond concept, which sells items priced above $5 but “still below the rest,” according to the company website. The new store prototype is…
March 9, 2023 at 3:44 pm
Dick's Sporting Goods is shifting focus away from its Field & Stream stores toward its House of Sport concept, a significantly larger — and more profitable — version of the familiar Dick's Sporting Goods store. Dick’s opened its first Field & Stream in 2013, catering to outdoor enthusiasts and hunters. Navdeep Gupta, executive vice president…
March 6, 2023 at 4:31 pm
Amazon.com announced late last week that it plans to close eight of its Go convenience stores, a decision that coincides with a pullback in its physical footprint and a broader effort to cut costs. The company will shut two Go stores in New York City, two locations in Seattle, and four stores in San Francisco.…
February 21, 2023 at 8:27 am
It’s a tale as old as time: Business owners are constantly on the hunt for new strategies and innovative approaches to increase sales and successfully connect with consumers. So, what's the latest solution for businesses to breathe new life into their spaces and make a lasting impact on their customers? The answer is to target…
February 15, 2023 at 3:55 pm
U.S. retail sales increased by 3 percent in January, far exceeding expectations for the month, according to the Commerce Department. This is the largest increase since March 2021. The Commerce Department said Wednesday it expected January sales numbers to rise 1.9 percent. Food services and drinking establishments saw the biggest increase, at 7.2 percent. Motor…
January 30, 2023 at 7:00 pm
Bed Bath & Beyond Inc. said Friday it was closing an additional 87 of its flagship stores and its entire Harmon chain of drugstores, as the retailer struggles to find financial support to keep its operations funded. The news, first reported by The Wall Street Journal, also said the company is closing five of its…
January 26, 2023 at 11:36 am
In this webinar attendees will hear real-world insights from retail executives on how their businesses are approaching 2023.
January 25, 2023 at 4:15 pm
The Home Depot is making technology investments to enhance an interconnected shopping journey for its customers. While at the National Retail Federation Big Show in New York City last week, Editor-in-Chief Joe Keenan spoke with Muzammil Akram, vice president of technology and store systems at The Home Depot, to learn more about the tools the home improvement retailer…
