Retail Stores
June 21, 2019 at 11:45 am
Lululemon Athletica Inc. has quietly closed its men’s standalone stores in New York City and Toronto, even as it plans to more than double its men’s business in the next five years. The retailer found that guests respond better to Lululemon “as a dual-gender brand,” spokeswoman Erin Hankinson told Bloomberg News when asked about the locations. “We…
June 20, 2019 at 10:24 am
Apple announced that Best Buy now offers authorized repairs on its products at every one of the retailer’s stores. This gives consumers an important alternative to visiting their nearest Apple store — if there even is one — for service on an iPhone or Mac. Repairs are done with genuine Apple parts and are fully…
June 10, 2019 at 12:40 pm
The so-called retail apocalypse that has taken the blame for shuttering brick-and-mortar stores isn't as detrimental as some may think. At first glance, the common notion that digital-native retailers would supplant traditional retailers with physical stores appeared to have some truth to it. Store closures and bankruptcies seemed to be rampant, which caused digital evangelists…
June 4, 2019 at 11:37 am
CVS will open 1,500 HealthHUB stores by the end of 2021, the company announced Tuesday ahead of its investor day. The HealthHUBs are remodeled drugstores that focus more on health services and products and less on candy and greeting cards. CVS opened its first three HealthHUB locations in Houston in February. It plans to open more in…
May 29, 2019 at 2:51 pm
Abercrombie & Fitch announced Wednesday plans to close three more flagship stores, reports CNBC. The announcement comes as the apparel retailer reported lower-than-expected first-quarter sales and a drop in share value. The locations set to close include a Hollister store in the SoHo neighborhood of New York City, an Abercrombie store in Fukuoka, Japan, both…
May 28, 2019 at 9:34 am
Topshop is closing all of its U.S. stores after its operator, Arcadia Group, filed for bankruptcy. The British retailer was expected to begin liquidating inventory in 11 Topshop and Topman stores in the U.S. this weekend after announcing all locations in the nation will shutter their doors, The Wall Street Journal reported. Topshop opened its first U.S. store in…
May 23, 2019 at 12:22 pm
The demise of the physical, in-store experience has been greatly exaggerated. Consumers like to go shopping — they really do. However, to match their expectations, retailers will need to deploy emerging technologies to engage with consumers in a more intuitive and automated manner. At the same time, they must commit to investments in innovation that will…
May 21, 2019 at 11:34 am
Ascena Retail Group announced yesterday that it’s winding down its dressbarn business and plans to shut all 650 or so of the women’s clothing stores in order to focus on its more profitable brands. Ascena, which also owns apparel chains Ann Taylor and Loft, noted that the “dressbarn chain has not been operating at an…
May 20, 2019 at 10:42 am
It’s no secret that with the advent of the internet and online shopping, today’s consumers have access to more information and more options than ever before, and are actively making decisions across online and offline channels. This reality makes it that much more important for brands to create compelling, personalized experiences in their brick-and-mortar stores…
May 17, 2019 at 1:37 pm
In this episode of Total Retail Talks, Executive Editor Joe Keenan interviews Ryan Babenzien, founder and CEO of GREATS, a luxury sneaker brand. Listen in as Ryan discusses the digital-native brand's entrance into brick-and-mortar retail, including the value of knowledgeable store associates. This episode was recorded live at Shoptalk 2019 in Las Vegas.
