Retail Stores
February 24, 2017 at 11:46 am
J.C. Penney plans to close 130 to 140 stores and offer buyouts to 6,000 workers as the department store industry sags in competition with online sellers and nimble niche retailers. The company said Friday that it would shutter 13 percent to 14 percent of its locations and introduce new goods and services aimed at the shifting…
February 24, 2017 at 11:24 am
Kohl's and rival Macy's are carving out prime space within their sprawling stores and leasing them to other retailers as a means to generate revenue. Kohl's said on Thursday it would operate 500 of its nearly 1,150 stores with much lower square footage and would look to lease out the remaining space to other retailers. Macy's is…
February 24, 2017 at 11:03 am
Off-price retailer TJX has been stealing apparel sales from department stores for several years. Now, it has another category in its crosshairs: home decor. The parent company of T.J. Maxx and Marshalls told investors on Wednesday that it will open a new line of home goods stores this year. The concept will be complementary to its…
February 23, 2017 at 9:00 am
A company that began as an online-only retailer now has an impressive direct mail presence.
February 22, 2017 at 11:33 pm
Bonobos, a company that began as an online-only men’s apparel retailer, now has an impressive direct mail presence as well as network of brick-and-mortar stores. Mailer Name: Bonobos Date Mailed: June 2016 Bonobos, founded in 2007 by Andy Dunn and Brian Spaly, designs and sells menswear for casual, business and formalwear occasions. Originally an online-only […]
February 22, 2017 at 10:41 am
In a polarized country with consumers divided over President Donald Trump, Macy’s may have to give up its nonpartisan identity to survive. Ad Age reports that Macy’s has long been the “quintessential midpriced department store,” appealing to both red and blue state shoppers. Macy’s removed Donald Trump-branded merchandise in 2015 after the then-nominee made comments…
February 21, 2017 at 8:04 am
In a polarized country with consumers divided over President Donald Trump, Macy’s may have to give up its nonpartisan identity to survive. Ad Age reports that Macy’s has long been the “quintessential midpriced department store,” appealing to both red and blue state shoppers. Macy’s removed Donald Trump-branded merchandise in 2015 after the then-nominee made comments […]
February 15, 2017 at 6:32 pm
Lessons learned during the 2016 end-of-year shopping season are already finding applications in the retail space as store, sales and customer experience models continue to evolve. Retailers are focused on developing new approaches to better target consumers via mobile, online and in-store sales to not only remain relevant, but innovative in the retail marketplace. The…
February 15, 2017 at 4:46 pm
Boscov’s CEO and Vice Chairman Jim Boscov said in a statement to the press that his uncle, Albert Boscov, died Friday of cancer at his home in Reading, Pennsylvania. Boscov’s was founded in Reading in 1914 by Albert's father, Solomon Boscov. Often described as a gentle giant, Albert acted as "a mentor to everyone," and…
February 14, 2017 at 10:57 am
Gander Mountain Co. is preparing to file for bankruptcy as early as this month, according to a report by Reuters. An aggressive effort by the hunting and fishing retail chain to expand its store base failed to pull in new customers, according to people familiar with the matter. Gander Mountain wanted to address some of its…
