Macy's rival at the other end of the mall wants to get a little smaller this year, too. J.C. Penney, which has roughly 1,060 stores in the U.S., will shutter seven locations in 2016 in a bid to more efficiently operate in an era of digital commerce and dense urban areas. According to the company, all…
Target is teaming up with SoulCycle on a 10-city tour that will include free cycling classes and pop-up shops, making good on two of the retailer's New Year’s resolutions — to get fit and be cool. SoulCycle is the gold standard for studio cycling, complete with candlelight, rocking music, and A-list devotees including Kelly Ripa…
Investment firm Starboard Value has urged department store chain Macy's to push for realizing greater value from its real-estate holdings, including its famous Herald Square store in New York, The Wall Street Journal reported. The activist investor, in a letter and presentation to Macy's management on Sunday, said although it supports the retail chain's plans of cost…
The Finish Line, the retail chain specializing in athletic shoes, Thursday named a new CEO, revealed a loss for the fiscal third quarter and said it would close about 25 percent of its stores. Sam Sato, currently the retailer’s president, has been promoted to replace Glenn Lyon as CEO, effective Feb. 28. Lyon, who is also…
The world of retail is continuously evolving as new technology and new marketing methods continue to change the way consumers perceive brands and shop for products. Retail Vision spoke to some of the biggest names in the industry to find out what the future has in store for retailers. While IBM’s Ralph Jacobson foresees a…
The National Retail Federation Foundation announced this week the 25 individuals named to its List of People Shaping Retail’s Future 2016. The honorees represent the best and brightest individuals impacting the retail industry today and will be recognized and celebrated at the NRF Foundation Gala on Jan. 17 in New York City.
Last year was grim for retailers. This year could be even worse. Despite a late surge in holiday sales, companies like J.Crew and 99 Cents Only Stores are struggling under debt they took on in leveraged buyouts years ago. Their bond prices have plummeted as investors brace for possible defaults. The industry has been limping along for…
Amazon.com easily emerged as the retailer most likely to find success in 2016 in a poll of a RetailWire BrainTrust panelists, although there were some notable detractors. The bullishness is understandable as research shows one out of every three online product searches now begins at Amazon, and that the website accounts for about half of…
For decades, children visiting New York City savored one stop above all: a trip to the kind of toy store that existed only in their imagination. Now they'll have to keep dreaming. The massive Toys"R"Us superstore in Times Square, which wowed shoppers with a 60-foot indoor Ferris wheel; a growling, 20-foot animatronic Tyrannosaurus Rex; and…
Macy's is taking a hard look at its real estate portfolio, including nearly 800 stores nationwide, as it seeks to appease impatient shareholders concerned about sliding retail sales. The Cincinnati-based retailer is deciding which 40 stores it plans to shutter in early 2016. The move, for which details could be revealed as early as this…
