Retail Stores
November 26, 2019 at 12:21 pm
New Jersey-based arts and crafts retail chain A.C. Moore will close its 145 stores, its parent company Nicole Crafts announced in a news release yesterday. Up to 40 of the closing locations will become Michaels. According to the company, plans for the closings will be shared in the upcoming weeks and the A.C. Moore website will stop accepting online…
November 20, 2019 at 11:48 am
Retailers are bracing themselves for a 2019 holiday shopping season that’s six days shorter than last year’s. What will make shoppers choose one retailer over another? How can retailers grow sales in the condensed season? And what can stretch this short shopping period into something longer and more lucrative? The answer to each of these…
November 18, 2019 at 3:56 pm
Retail sales in October increased 0.2 percent seasonally adjusted over September and were up 4.2 percent unadjusted year-over-year, the National Retail Federation (NRF) said on Friday. The numbers exclude automobile dealers, gasoline stations and restaurants. October’s results make up for most of the 0.3 percent month-over-month decline seen in September and build on September’s year-over-year…
November 14, 2019 at 11:03 am
If you’re in the retail business, ‘tis the season to be jolly. Very jolly, indeed. Economists are predicting that total retail sales will eclipse $1.1 trillion this holiday season, an increase of nearly 5 percent compared to 2018. This is the continuation of an upward year-over-year trend. Online retailers are singing an even sweeter tune,…
November 12, 2019 at 3:22 pm
Amazon.com has begun hiring for a new grocery store that’s slated to open next year in a neighborhood of Los Angeles. The store is located in Woodland Hills, according to a job posting on Amazon’s website. It’s the first location of what's expected to be a new chain of grocery stores launched by Amazon. The new store isn’t…
November 6, 2019 at 2:46 pm
The serious Black Friday players have been preparing for months. They've reviewed their operation and identified all the things they could do better in 2019. It’s big business, and for many retailers their holiday performance informs their whole year profits. Let’s assume you’re not one of the businesses with Black Friday meticulously planned. What can…
November 5, 2019 at 1:04 pm
Barneys New York Inc’s flagship Madison Avenue outlet in Manhattan will remain open for at least another year, albeit in a slimmed-down form, while the buyer of the luxury retailer negotiates with the store’s landlord. A bankruptcy judge approved the sale of Barneys brands and other intellectual property to Authentic Brands, a firm that acquires and…
October 31, 2019 at 12:38 pm
The shoe company Allbirds is continuing its brick-and mortar expansion with plans to open 20 more stores in 2020, CNBC reported. Tim Brown, co-founder and co-CEO, made the announcement earlier this week. Allbirds, which sells environmentally sustainable wool sneakers, started online only, but began opening stores in the last few years. Allbirds currently has 15…
October 28, 2019 at 1:43 pm
In episode 219 of Total Retail Talks, Executive Editor Joe Keenan interviews Jason Schott, chief operating officer of Schott NYC, a manufacturer and retailer of premium outdoor clothing, including leather jackets, motorcycle apparel, and other clothing and accessories. Listen in as Schott discusses the brand's use of local social advertising to support its brick-and-mortar stores…
October 28, 2019 at 1:02 pm
In 2018, specialty retail was under assault. This year, it’s taking up arms. Specialty retailers have improved fulfillment speed dramatically. Consider, a fifth of brands now offer free two-day shipping, and the number of brands offering next-day shipping has doubled. Recognizing that mobile accounts for 55 percent of online traffic, on average, in this sector,…
