Retail Stores
In an earnings call with Wall Street analysts, Bed Bath & Beyond’s CEO Steven Temares suggested that reducing its brick-and-mortar store count may be in the retailer's future. Temares cited roughly 80 to 100 store leases that will be coming up for renewal in the near future as potential targets for closure. Bed Bath & Beyond has struggled with…
Imagine you’re at a store with harsh, unflattering lighting — and you’re waiting a long time for the store associate to give you a hand. When she finally comes over, she’s rude and abrupt. Weeks later when you recall this event, you remember vividly that all the clothes looked terrible on you. But were the…
Imagine you’re at a store with harsh, unflattering lighting — and you’re waiting a long time for the store associate to give you a hand. When she finally comes over, she’s rude and abrupt. Weeks later when you recall this event, you remember vividly that all the clothes looked terrible on you. But were the […]
Sears Holdings Inc. is closing another 20 stores on top of recently announced closings, bringing to total store closures to 260 this year. The latest closures include 18 Sears stores and two Kmart locations, according to a regulatory filing on Friday by real estate investment trust Seritage Growth Properties, which was spun off by Sears…
With everything that’s been happening in the retail industry lately, one would be tempted to think that the brick-and-mortar store is over. But that’s simply not true. The National Retail Federation estimated that during the most recent holiday shopping period at the end of 2016, e-commerce represented approximately 18 percent of the $656 billion in…
This year is shaping up to be an especially tough one for retailers across the country. The current environment has resulted in many national and regional retailers closing up shop and turning to bankruptcy as a means of downsizing or liquidating. Whether the retailer has too many stores, an obsolete business model or declining sales…
This year is shaping up to be an especially tough one for retailers across the country. The current environment has resulted in many national and regional retailers closing up shop and turning to bankruptcy as a means of downsizing or liquidating. Whether the retailer has too many stores, an obsolete business model or declining sales […]
If you've walked into a retail store over the last few years, you'll notice the shopping experience isn't what it used to be. Showrooms are sparsely stocked and associates lack knowledge of customer needs, making the thought of going to malls and department stores a daunting and frustrating endeavor. As a result, many large retailers…
Sears Holdings Corp. announced today that it will eliminate 400 full-time positions at corporate offices and in support roles. The department store chain said the majority of the positions will be at its Hoffman Estates, Ill. headquarters, but described the job cuts as global. Sears first eliminated job openings and reduced contract workers before making…