Retail Stores
March 4, 2019 at 10:51 am
Amazon.com is planning to open a new grocery store chain in an effort to broaden its reach in the retail category, according to a Wall Street Journal report. Sources familiar with the project told WSJ that the online behemoth is planning to open dozens of grocery stores in several major U.S. cities, and the first…
March 1, 2019 at 10:50 am
Gap Inc. yesterday announced plans to create two independent, publicly traded companies: Old Navy and a yet-to-be-named company ("NewCo") that will consist of the Gap brand, Athleta, Banana Republic, Intermix and Hill City. Gap said the spin-off will enable each company to maximize focus and flexibility, align investments and incentives to meet its unique business needs,…
February 28, 2019 at 12:40 pm
L Brands, owner of the lingerie chain, announced Wednesday plans to close 53 Victoria’s Secrets stores in North America this year, more than three times the 15 it has historically closed in an average year. Victoria’s Secret square footage in North America will drop by about 3 percent with this latest round of store closures. A weak…
February 27, 2019 at 11:15 am
Foot Locker announced Tuesday that it's investing $12.5 million in New York City-based children's apparel brand Rockets of Awesome, according to CNBC. The athletic footwear retailer will open Rockets of Awesome clothing shops within Kids Foot Locker locations, making it the largest retailer of the children's brand's products in the U.S. In addition, Foot Locker will…
February 27, 2019 at 9:22 am
Mall tenants stand at a turning point in the retail industry: evolve and thrive, or stand to be replaced with a quicker shopping experience online. While The Wall Street Journal reports that 9.1 percent of malls stand vacant — a seven-year high — Class A malls that are transforming are thriving. Culturally, younger generations are…
February 26, 2019 at 10:07 am
Despite reports that retail spaces are closing at a record pace, brick-and-mortar remains a key way for retailers to engage customers.
February 19, 2019 at 7:48 pm
Following a successful holiday season in 2018, the retail industry was immediately shaken by the longest-lasting government shutdown in U.S. history. Initially, some thought the impact would only affect the first financial quarter, however, as the shutdown lingered, the impact could be felt through the rest of 2019. The federal government shutdown cost the economy…
February 15, 2019 at 10:05 am
The holiday season is the busiest time of year for retailers, when amidst all the festivities and cheer, consumers are spending big. In 2018, the National Retail Federation forecast consumers would spend an average of $1,007 on decorations, candy, gifts, and more. However, the end of the year is also a critical time for retailers because…
February 14, 2019 at 5:37 pm
In this episode of Retail Right Now, Joe Keenan analyzes the quasi rebirth of iconic retailer Toys"R"Us under new parent company, Tru Kids Inc. What impact does this have on other toy retailers, as well as other companies that invested more heavily in the product category after the fall of Toys”R”Us, such as Target, Walmart, and…
February 13, 2019 at 2:29 pm
Barneys New York is launching a cannabis shop in California called The High End, reports Forbes. The "cannabis lifestyle" store will open in March inside an existing Barneys Beverly Hills location. More cannabis stores are expected to appear in Barneys locations across California. The Beverly Hills store will feature an exclusive partnership with luxury cannabis…
