Retail Stores

Nordstrom's New Men's Store to Operate 24 Hours a Day
April 10, 2018 at 1:13 pm

Nordstrom is opening a men’s store in New York City this week that will operate 24 hours a day. The retailer is offering a variety of services at the store, including overnight in-store pickup, a self-service return kiosk, shoe shining, and “sneaker cleanings.” The new service-oriented store will cater to the city that never sleeps,…

2 Mall Owners in Bid to Save Bon-Ton From Closing its Stores
April 10, 2018 at 9:56 am

U.S. mall owners Washington Prime Group and Namdar Realty Group will bid together to save department store chain Bon-Ton from liquidation, according to court documents filed Monday that were reviewed by CNBC. Alternative asset manager DW Partners will also be working with them. It was reported last week that the two landlords would attempt to acquire…

Report: Ace Hardware, Dollar Tree Tops in Customer Experience
April 9, 2018 at 12:54 pm

Ace Hardware and Dollar Tree deliver the best customer experience in the retail industry, according to the 2018 Temkin Experience Ratings, an annual customer experience benchmark of companies based on a survey of 10,000 U.S. consumers. Of the 49 retailers included in this year's ratings, Ace Hardware and Dollar Tree tied for the top spot. Each earned a…

Nine West to File for Bankruptcy, Sell Intellectual Property
April 6, 2018 at 1:55 pm

Footwear retailer Nine West is preparing to file for bankruptcy by as early as this week, according to a report Thursday. Aside from the bankruptcy filing, the White Plains, New York, company is planning to sell its intellectual property to Authentic Brands Group, a licensing firm that recently said it would purchase clothing brand Nautica, Reuters…

‘Retaildential’ Spaces Offer New Life to Old Malls
April 2, 2018 at 12:46 pm

The shopping malls of the past are being transformed into the consumer engagement spaces (CESs) of the future. One such CES is the "Retaildential" space — i.e., a curated “life stage center” offering demographic-specific and appropriate sets of retail, restaurants, entertainment and services to everyone from young urban hipsters and single-and-staying-that-way 40-somethings to seniors and other such enclaves.

Target, Others to Bid on Toys"R"Us Stores
March 30, 2018 at 11:50 am

Several Toys"R"Us stores are scheduled to be auctioned off later this week, according to court documents filed Tuesday that were reviewed by CNBC. Of the 58 "qualified bids" being considered, Target and Aldi both are looking at one location in Kendall, Florida, which is near a handful of college campuses. Big Lots is bidding on five…

Retail Isn’t Dead, Mediocre Retail is Dead
March 30, 2018 at 9:31 am

In a new era of retailing, the context of customer service has been transformed toward the emotional behavior of the shopper. Although many consumers have been changing the way they shop toward a more online-centered experience, brick-and-mortar retailers still have the opportunity to refocus and reimagine to continue to bring customers through their doors. As…

Consumers’ Favorite Fashion Retailers … and How They Got There
March 28, 2018 at 12:08 pm

In today’s retail landscape, brands must work harder than ever to attract and retain customers. No longer is the only competition across the mall, but it’s also lurking in all corners of the internet. Retailers spend good money to market, promote and advertise themselves to lure shoppers in-store, but if the customer experience falls short…

Starbucks Tests New Wi-Fi Sign-Up Process at U.S. Stores
March 26, 2018 at 3:17 pm

Starbucks is testing a new Wi-Fi login process in its U.S. stores, asking customers to provide their email address before connecting, Geekwire has reported. Since rolling out free Wi-Fi in its U.S. stores nearly eight years ago, Starbucks has asked customers to simply accept terms and conditions in order to connect to its public network…

Michaels to Close Nearly All Aaron Brothers Stores
March 23, 2018 at 12:46 pm

Michaels Companies Inc will shut down 94 Aaron Brothers framing and art supplies stores, the largest U.S. crafts retailer said on Thursday. The arts and crafts retailer plans to make Aaron Brothers a store-within-a-store and to provide custom framing in all Michaels stores. Michaels owns and operates about 1,300 stores in the United States and…