J.Crew has gotten a lot of flack from customers for how pricey much of its merchandise has gotten in the last few years. So to remedy that, the fashion retailer will open the first location in a new chain of lower-priced stores called J.Crew Mercantile later this month, the company announced on Friday. The first…
Target has opened a new retail space at the base of its Metreon City Target near San Francisco’s Moscone Center, and if you’re a fan of the smart home, clear acrylic furniture or grand retail experiments, then this is the place to be. The Minneapolis retailer is calling this Target’s Open House, and it's the…
When you think of Black Friday, it might evoke images of families camped out just hours after clearing their Thanksgiving dishes. Black Friday 2014 was the biggest online shopping day in U.S. history, with online sales growing 20.6 percent compared to 2013. Since Black Friday has become the crown jewel for retailers, preparation for it…
Seritage Growth Properties, the real estate spinoff of Sears Holdings Corp., made its debut Monday on the New York Stock Exchange and estimated that it raised about $1.6 billion from the offering. Sears, which is dealing with slumping retail sales, formed the real estate investment trust to extract more revenue from its properties. It plans…
Best Buy’s alliance with Samsung is getting even deeper. The Richfield, Minn.-based electronics retailer already has two store-within-a-store spaces dedicated to Samsung products — one for TVs and the other for smartphones and mobile devices. Now, in some stores, it will add a Samsung-branded space for appliances. The “Samsung Open House,” a roughly 20-by-20-foot area, was installed…
As you probably know all too well, data is the backbone of the retail industry. On top of that, retail is also one of the most competitive industries, so chances are good that your competitors collect the same data as you. The only way to remain relevant in this cutthroat environment is to leverage the…
For over 20 years, warehouse club juggernaut Costco Wholesale Corp. has quietly been dabbling in a new market: selling supplies specifically tailored to small businesses. Now, Costco could be looking to move more aggressively with a store format in a bid to head off competition from Wal-Mart's small-business friendly brand Sam's Club, as well as…
Bon-Ton, like a number of other retailers, is turning some of its real estate into cash. The department store on Monday announced an $84 million deal with a real estate investment trust in which it will sell six properties and lease them back. Last week Darden Restaurants Inc. said that it would create a real…
Three years after J.C. Penney was boycotted by opponents of LGBT rights, retailers have embraced the Supreme Court’s ruling for same-sex marriage. Amazing how quickly things can change. Just three years ago, J.C. Penney found itself embroiled in controversy when it featured gay couples in its new glossy mail-outs, part of its failed strategy under…
bebe stores is in the midst of a turnaround plan to get the women's apparel retailer back on track with a laser-like focus on who its customer is and the kind of clothing she's looking to buy. "There have been paradigm shits within the company and they didn’t work," said CEO Jim Wiggett. "So what…
