Office Depot announced it will need to close 300 more locations to put itself in a better position as a stand-alone company. The office supplies retailer closed 42 stores in the second quarter of this year as part of an earlier plan to close 400 locations. The newly announced closing of 300 stores is in…
GameStop has added more than 500 AT&T authorized retail stores to its tech brands business. Cellular World Corp., Midwest Cellular Inc. and Red Sky Wireless Inc. have been acquired to bring GameStop’s total number of AT&T authorized stores to just over 1,400. This move is part of GameStop’s plan to generate $1 billion in revenue…
DSW is expanding to kids footwear. It was announced that the Columbus, Ohio-based footwear and accessories retailer is expanding its footwear line to kids in more than 200 stores in 40 states — just in time for back-to-school shopping. The selection will include more than 100 brands for kids in multiple footwear categories. After slow…
Retailers have been conditioned by consumers to constantly seek out “what’s next,” trying to stay ahead of trends in shopping preferences and behaviors. A driving force behind changes in shopping trends over the past year has been mobile. Consumers are growing more comfortable using their mobile devices to fulfill their shopping needs, whether they're buying…
Dollar General is making a play to become more grocery store than dollar store. The retailer announced on Wednesday that it bought 41 Wal-Mart Express stores across 11 states, allowing it to extend its offerings to include meat and produce. MarketWatch reports Dollar General expects to relocate 40 of its existing stores to the acquired…
Sears Holdings Chief Executive Eddie Lampert is freaking out his employees. The CEO has started moving Kmart stockroom merchandise onto the sales floor. The move, according to the company, is aimed at freeing up employees to assist shoppers, making sure they “[do] not wait in line at the checkout,” reported the New York Post. But…
The Museum of Modern Art (MoMA) in New York City has been attracting visitors since it opened in 1929. The museum's evolving collection includes almost 200,000 pieces from the around the world. To support the museum’s mission of making good design accessible to the public, the MoMA…
We’ve all been there. You enter a store for one thing, but on the way to finding that very item you stumble upon countless other products you didn’t know you needed. A hundred dollars later and you have the $5 socks you came for, and a new blender, some shampoo, a birthday card for your…
Under Armour is looking to replace the void Sports Authority created when it filed for bankruptcy and announced plans to close all stores. The first of two expansion plans: taking over the iconic FAO Schwarz location in New York on Fifth Avenue. Officials say this can happen as soon as early 2018. Second, Kohl’s will…
The National Retail Federation (NRF) raised its full-year sales forecast to 3.4 percent growth, up slightly from its previous expectation for a 3.1 percent lift. It cited improvements in the housing market, job growth and higher wages as three factors that should boost consumer sentiment through the end of the year. A larger-than-expected lift in online sales…
