Retail Stores
March 22, 2017 at 1:33 pm
In an interview yesterday with Sucharita Mulpuru at Shoptalk in Las Vegas, Kohl's Chairman, CEO and President Kevin Mansell discussed the future of the struggling retailer, including the role of brick-and-mortar, how the department store will leverage technology, how it views Amazon.com, and the potential impact of the proposed border adjustment tax
March 22, 2017 at 11:46 am
Bebe Stores Inc. is planning to shut down its stores and become an online-only brand, according to sources close to the situation. The company is trying to close the locations without filing for bankruptcy, however, Chapter 11 may be required if enough landlords aren't willing to negotiate. Bebe has 170 stores in its fleet, including…
March 22, 2017 at 9:09 am
We’ve all heard talk about the pending death of brick-and-mortar in the digital age. We’re certainly seeing declines in an overpopulated retail marketplace as consumers grow more comfortable shopping online. In fact, in the fourth quarter of 2016, about 9.5 percent of all retail sales were transacted online. However, rather than experiencing a full-fledged extinction…
March 20, 2017 at 10:26 am
If you were to Google "hot topics in retail," you’d get a long list of articles outlining how to engage customers with mobile optimization, social media, omnichannel, loyalty programs and the Internet of Things. While no one disputes these are very important aspects of today’s retail businesses, a recent study from Market Force Information reminds…
March 17, 2017 at 10:34 am
Guess announced during its fourth quarter earnings call this week that it will be closing 60 underperforming stores this fiscal year. In the past two years, the retailer — which operates about 400 U.S. locations — has closed 62 U.S. stores, including 10 this past quarter. Guess reported fourth quarter total net revenue increases of 3.2…
March 16, 2017 at 8:13 am
Guess announced during its fourth quarter earnings call this week that it will be closing 60 underperforming stores this fiscal year. In the past two years, the retailer — which operates about 400 U.S. locations — has closed 62 U.S. stores, including 10 this past quarter. Guess reported fourth quarter total net revenue increases of 3.2 […]
March 13, 2017 at 10:37 am
In episode 83 of Total Retail Talks, Peter Weedfald, senior vice president of sales and marketing at Sharp Home Appliances, discusses how traditional brick-and-mortar retailers — and their product suppliers — can compete in today's digital retail environment. Weedfald also offers his thoughts on the technology trends that will have the biggest impact on the…
March 10, 2017 at 10:37 am
Staples said on Thursday it was closing another 70 stores in North America amid sharp sales declines in its top market and a continued pivot to business services and away from brick-and-mortar for the leading office supplies retailer. Comparable sales, which excludes the impact of newly opened or closed stores, fell 7 percent in the fourth…
March 9, 2017 at 12:01 pm
Many retailers are still wrapping their heads around the full value of implementing an order management system (OMS) within their operations. But as the industry storms into 2017, we’ll see sweeping changes that revolutionize the way omnichannel retail operates. It has been widely predicted that sales, commerce and fulfillment investments will be one of the…
March 9, 2017 at 9:27 am
It seems as though every day there's another retailer closing stores, declaring bankruptcy or laying off employees. Most recently, J.C. Penney announced it will be closing 140 stores; HHGregg has filed for bankruptcy; and JackThreads laid off most of its staff. However, one company is flourishing at a time when others are failing. Xcel Brands,…
