Fossil Group has laid off employees this week at its corporate headquarters in Richardson, Texas, according to The Dallas Morning News. The company didn't say how many employees were affected by these cuts. Company spokeswoman Ann Jane Draper said Fossil also has started closing stores — there are 284 locations in the U.S. Fossil reported a 70…
Teen apparel retailer Aéropostale is reopening 500 stores across the country, starting this week. The stores are relaunching with the latest spring 2017 apparel and accessories for boys and girls. In February, the retailer will begin its spring 2017 marketing campaign, featuring all new messaging that reflects the new free spirit of the brand. Total…
J.C. Penney’s top executive Marvin Ellison said that the company is planning to close some if its 1,014 stores. He didn’t give specifics on when the store closings will occur or how many stores will be closing, but last year, J.C. Penney closed seven stores mostly in smaller markets. Ellison said at a Dallas real…
As the new year rolls in, you can expect a wave of new retail trends to come with it. And although retailers might feel comfortable in their current routine, these trends bring new opportunities for growth and revenue. So, what should retail leaders be on the lookout for? Here are a few of the top trends…
Sears Holdings Corp. CEO Eddie Lampert is opening his wallet once again to help keep the struggling retailer in business. Lampert, a hedge fund manager and Sears’ biggest investor, will offer a $200 million letter of credit to the department store chain through affiliates of his firm, ESL Investments Inc. The amount could be expanded to…
On Tuesday, Sears told employees that it will be closing 30 Kmart and Sears stores in early 2017. Most of the stores will start liquidation sales on January 6 and then officially go out of business between late March and mid-April. Click here to see a full list of the Kmart and Sears locations that…
Whole Foods Market is being sued by one former and one current employee of a Washington, D.C. store, alleging that the company cheated them out of bonuses. Last week, Whole Foods said that nine managers at stores in Maryland, Virginia and the District were fired for gaming the chain’s “gainsharing” program, which awards bonuses to employees…
On Tuesday, six retailers agreed to stop the practice of on-call scheduling after they received inquiries about it from a group of state attorneys general. They join a growing number of retailers that have vowed to ditch on-call scheduling and give their employees more predictable hours. Aeropostale, Carter’s, David’s Tea, Disney, PacSun and Zumiez all said…
Digital has touched all aspects of our lives, from the way we work and communicate to how we shop. The sweeping effects of e-commerce, with online sales estimated to reach $523 billion in the U.S. by 2020, mean that the retail sector is at the center of digital transformation. Brick-and-mortar stores have experienced the tremors…
Long lines, impossible parking lots, the overall stress of the season — it’s no wonder you see frazzled, frustrated customers during the holidays. And who can blame them? Well, apparently retailers can. In a recent survey by alldayPA, 76 percent of respondents complained about brands’ reluctance to apologize for problems, while 47 percent said they…