Starting in next year's first quarter, Macy’s will have a new CEO to take on struggling sales and address the greater challenges surrounding the way people shop. Macy's current chief executive, Terry J. Lundgren, will step down and cede the top spot to the company's current president, Jeff Gennette. Lundgren will stay on as executive…
Barnes & Noble is opening four concept stores throughout the country in 2017. In cafes twice the size of the bookstore’s current spots, beer, wine and a bigger food menu will be available to shoppers. This is the latest effort from Barnes & Noble to rejuvenate the company and grow sales. Jaime Carey, president of…
The rise of online shopping has brought many benefits with it — convenience, an expanded selection of products and competitive prices. One of the most dramatic side effects of the online shopping phenomenon, however, is that it's forced us to re-examine the traditional brick-and-mortar shopping experience. We’ve learned that the in-store shopping experience isn’t easily…
To ease the transition for employees to a recent move to business-casual attire, J.P. Morgan Chase & Co. partnered with Vineyard Vines, the preppy men's and women's apparel brand (and a J.P. Morgan client), to host a pop-up shop at its Park Avenue headquarters. And this appears to be only the start of a broader apparel…
Ulta’s CEO Mary Dillon said this week that the beauty retailer has no intention of adding more prestige brands to its stores. Currently, Ulta sells an assortment of high- and low-end brands in its stores, something Dillon believes is the strength of the company. She also hopes to double e-commerce sales in the coming years.…
Ace Hardware has the most satisfied shoppers among home improvement chains for the 10th year in a row, according to J.D. Power.
Back in January, TWICE reported that an outside investor had acquired struggling electronics retailer Circuit City, causing a lot of excitement in the retail sector. Data Vision, the brand that acquired Circuit City from IT supplier Systemax, promised to breathe new life into the business and open anywhere from 5,000 to 10,000 stores by June…
In today's news roundup, find out why Home Depot is suing Visa and MasterCard; the issue that almost caused Macy's workers in New York City to go on strike; Wal-Mart's strategy for optimizing in-store workers; and Target's latest collaboration.
Editor’s Note: Welcome to our newest feature, Total Retail Report’s In the News section, where we will highlight and offer our take on the top retail-related news articles of the day. Please let us know what you think about this new feature by posting a comment below. Walgreens Ends Theranos Partnership Walgreens announced last week that it…
With smartphones enabling consumers to be connected at all times, retailers are forced to cater to shoppers staring at their phones.
