Retail Stores

Pundits will say that we're in the midst of a retail apocalypse. In 2017 alone, 21 major retailers closed their stores and dozens of brand-name chains around the country filed for bankruptcy. But before you start building your bunker, there's an opportunity for retailers looking for a saving grace: reinvention. To outwit the competition, retailers…

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Bon-Ton Stores said yesterday that it has filed for Chapter 11 bankruptcy protection. The regional department store chain, which has dual headquarters in Milwaukee and York, Pa., is currently engaged in discussions with potential investors and debt holders regarding a financial restructuring plan, which may include a sale of the company or assets. Bon-Ton has  received a commitment…

2017 was a tangibly transformative year for retail, and specifically e-commerce, thanks to a handful of burgeoning technologies, including artificial intelligence (AI) and voice-assisted devices. At Quill, we’ve consulted our crystal ball to predict what 2018 has in store for the retail industry. Here are some of the retail and e-commerce trends that look set…

H&M announced Wednesday it would be opening fewer stores in 2018, in response the shift to online shopping. H&M also announced it plans to launch a new outlet store to sell external brands alongside its own label. CNBC reports following decades of rapid expansion, H&M has struggled to respond to the growth of e-commerce. The…

It's estimated that over 30 percent of malls in the United States are dead or dying. That amounts to millions of square feet of commercial space. Does this mean retail is dead? While we're going through a metamorphosis in the retail space, I believe retail isn't dead, it’s simply evolving. Demographics, transportation, logistics, technology and…

Toys“R”Us said yesterday that it will close about one-fifth of its stores in the United States in the coming months, as the toy store chain tries to emerge from one of the largest ever bankruptcies by a specialty retailer. The closure of about 180 U.S. stores,  a move that still needs court approval, will begin in early February…

Starbucks announced today that it will use some of the savings from the new U.S. corporate tax cuts to give domestic employees pay raises, company stock and expanded benefits with a combined worth of more than $250 million for more than 150,000 employees. More specifically, Starbucks’ plan will include the following: In April, all eligible U.S. hourly…

My seven-year-old son, Hendrix, has quite the green thumb. Last winter, we started preparing for our upcoming gardening season. Together, we researched what types of fruits and vegetables we wanted to plant, and we plotted it against our garden footprint. Hendrix was diligent in making sure each plant had everything it needed to be healthy…

Each day, the world seems bigger, more diverse and moves much faster. Predicting the future — always a dubious proposition — seems like a fool’s errand in this climate, given the dizzying pace of disruption. But as Peter Drucker once said, “The best way to predict the future is to create it.” For retailers, that…