Retail 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…
March 21, 2018 at 7:15 pm
Every day there are claims made in the media across the world that physical retail is heading toward a final and irreversible apocalypse. And yet, we’re also seeing some of the most innovative and customer-friendly reinterpretation of the retail experience that has ever existed. So clearly, the reports of retail’s total demise have been greatly exaggerated. Rather than…
March 21, 2018 at 2:42 pm
Amazon.com is reportedly considering taking over some of the newly vacant Toys“R”Us storefronts. Fortune reports this week the online retail giant is looking at the possibility of acquiring some Toys"R"Us locations as it expands its brick-and-mortar footprint across the country. The stores would reportedly be used to showcase Amazon's Echo line of devices. Amazon has invested recently…
March 20, 2018 at 3:02 pm
FedEx Office, a subsidiary of FedEx Corp., and Walmart said yesterday that FedEx Office will bring its small-format stores for printing, packing and shipping into 500 of Walmart's stores nationwide in the next 24 months. The announcement comes after completion of a successful pilot program spanning 47 locations within Walmart stores across six states. Besides…
March 19, 2018 at 5:28 pm
In a keynote presentation yesterday at the Shoptalk conference in Las Vegas, Jeff Gennette, CEO of Macy's, detailed the department store chain's transformation strategy as it looks to rebound from a couple of rough years. At the center of Macy's transformation: giving consumers choice. Gennette opened his presentation by rattling off some impressive stats regarding…
March 19, 2018 at 1:43 pm
As forecast, girl's accessories retailer Claire’s Stores announced today that it has filed for Chapter 11 bankruptcy protection in U.S. bankruptcy court in Delaware. Claire’s, which is owned by private equity firm Apollo Global Management LLC , said it plans to emerge from Chapter 11 in September with more than $150 million of liquidity and…
March 16, 2018 at 12:44 pm
Sears Holdings Co. jumped 17 percent in late trading after the U.S. tax overhaul helped the ailing retailer post a rare quarterly profit. Net income amounted to $182 million in the fourth quarter, compared with a $607 million loss a year earlier, Sears said on Wednesday. The company got a roughly $470 million boost from the…
March 16, 2018 at 11:22 am
In this episode of Retail Right Now, Total Retail's Joe Keenan and Caitlin Sullivan discuss the recent surge in retailers announcing store closures (Toys"R"Us, Foot Locker, Abercrombie & Fitch) and bankruptcy filings (Claire's Stores, The Walking Co.), and what this means for the future of brick-and-mortar retail.
March 15, 2018 at 9:47 am
Toys“R”Us, the iconic retail chain that has sold toys and games to millions of children for generations, is closing shop in the United States. After filing for bankruptcy protection in September and suffering through a brutal holiday shopping season, the company decided on Wednesday to close or sell all of its remaining stores, after executives met…
March 14, 2018 at 6:37 pm
It’s no secret that retailers are afraid of being swept away by the ongoing retail apocalypse — and with good reason. This year, more than 12,000 stores are expected to close, while 50 percent of the 1,200 shopping malls across the U.S. will close by 2023. While online stores fare better, many boutique digital shops…
