Sports Authority will close all of its 450-plus stores across the United States after the bankrupt company wasn't able to secure a buyer, according to a new court filing. The Colorado-based retailer said it intended to close or sell 140 stores in its Chapter 11 bankruptcy filing. Sports Authority, which was once the largest sporting goods store…
Gap Inc said it would shut 75 Old Navy and Banana Republic stores in overseas markets as the struggling apparel retailer focuses on North America to revive its fortunes. Shares of the San Francisco-based company were up 4.2 percent in after-hours trading on Thursday. The store closures include all its 53 Old Navy outlets in Japan, the…
TJX Companies Inc. Chief Executive Ernie Herrman said Tuesday he's considering adding thousands of brick-and-mortar locations around the globe, bucking the trend of other retailers that are busy closing stores. “Long term, we see the potential to grow to 5,600 stores with just our current chains in just our current markets alone,” Herrman said on the…
It's well known that retail sales have regular cycles that can be disrupted by external events, such as federal elections. While anecdotally it's been suggested that uncertainty around elections causes shoppers to close their wallets and purses, there appears very little evidence either domestically or globally to support the claim that an election campaign will…
For the first time, Total Retail has calculated the ranking of the top 75 retailers by growth in year-over-year net earnings. This research is a supplement to our Top 100 Fastest-Growing Retailers list, which we published for the sixth year in a row in our Spring print issue. All of the companies featured on this list are publicly traded. We hope you enjoy this inside look into the brands that led the way in growing profits for the 2015 fiscal year.
Digital technology is being put to use in brick-and-mortar stores to create a more seamless experience for customers and improve a company’s ability to effectively market to them.
Amazon.com plans to open new brick-and-mortar stores, CEO Jeff Bezos said this week, though he didn't say where or when they will open. As The Wall Street Journal reports, Bezos made the comments at the company's annual shareholder meeting on Tuesday, where he also outlined broad plans to expand the Amazon Prime service to include…
Macy's is emerging from a four-year, $400 million renovation of its Manhattan flagship store, adding 100,000 square feet of new retail space, a sixth-floor Italian restaurant and a floor just for millennials. (If only more of them had visited before.) The department store is struggling to figure out how to make its physical stores more…
American Girl is considered a pioneer of experiential retail thanks to its iconic stores that were among the first to combine shopping with eating, playing and all sorts of other -ings. Now, nearly two decades after it opened its first location, American Girl is developing the "store of the future." In fall 2017, American Girl's New…
E-commerce is a money-losing business and hiking up the minimum wage is “bull***.” So said retail’s “merchant prince” Allen Questrom, to a standing-room crowd of former colleagues and current acolytes where he was greeted like a retail rock star. The 50-year retail veteran and turnaround CEO of chains ranging from J.C. Penney and Macy’s (then Federated) to…
