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Retail Learnings From 2016 Already Playing Out in Q1 2017
February 15, 2017 at 6:32 pm

Lessons learned during the 2016 end-of-year shopping season are already finding applications in the retail space as store, sales and customer experience models continue to evolve. Retailers are focused on developing new approaches to better target consumers via mobile, online and in-store sales to not only remain relevant, but innovative in the retail marketplace. The…

Boscov's Chairman Albert Boscov Dies at 87
February 15, 2017 at 4:46 pm

Boscov’s CEO and Vice Chairman Jim Boscov said in a statement to the press that his uncle, Albert Boscov, died Friday of cancer at his home in Reading, Pennsylvania. Boscov’s was founded in Reading in 1914 by Albert's father, Solomon Boscov. Often described as a gentle giant, Albert acted as "a mentor to everyone," and…

Gander Mountain Preparing for Bankruptcy Filing
February 14, 2017 at 10:57 am

Gander Mountain Co. is preparing to file for bankruptcy as early as this month, according to a report by Reuters. An aggressive effort by the hunting and fishing retail chain to expand its store base failed to pull in new customers, according to people familiar with the matter. Gander Mountain wanted to address some of its…

Payless in Talks to Close 1,000 Stores
February 14, 2017 at 10:24 am

Payless Inc. is in talks with its lenders over a restructuring plan that includes closing about 1,000 stores as it wrestles with an unsustainable debt load, according to people with knowledge of the matter. The discount shoe retailer may consider filing for bankruptcy if it’s unable to reach a deal with the creditors, said the people,…

Whole Foods Closing 9 Stores
February 13, 2017 at 10:54 am

Whole Foods Market said last week it's closing select stores after posting its sixth straight quarter of same-store sales declines. The company will be closing nine stores and its last two remaining commissary kitchens in the current quarter. It also terminated two leases. Reportedly, the majority of the stores slated for closure were smaller, older acquisitions and…

Jessica Alba's Honest Company Shaking Up Management
February 10, 2017 at 11:11 am

The Honest Company, co-founded by actress Jessica Alba, is overhauling its management team in a shake-up that could result in a CEO change, sources told Recode. The company’s board of directors has been in talks with top executives from other consumer packaged goods companies to discuss roles on its management team and board. Some of those…

BCBG to Close 120 Stores Nationwide
February 9, 2017 at 10:30 am

Women’s apparel and footwear retailer BCBG is closing 120 stores nationwide that “either are unprofitable or have untenable lease agreements” in the coming weeks, said company spokesperson Seth Lubove. Liquidation sales have already begun and will most likely last eight weeks to 10 weeks. The closing stores include the California-based company’s BCBGMaxazria and BCBGGeneration locations,…

Marbles: The Brain Store Files for Bankruptcy
February 8, 2017 at 11:25 am

Marbles: The Brain Store has filed for Chapter 11 bankruptcy and wants to close its 37 brick-and-mortar stores. The Chicago-based puzzle and game retailer wants to wind down its brick-and-mortar presence while trying to sell intellectual property related to its e-commerce and wholesale business. Unfortunately, reports say due to a "dramatic downturn" during the holiday…

Dollar General to Hire 10,000 Workers
February 7, 2017 at 1:56 pm

Dollar General Corp. said Friday that a rollout of new stores and distribution centers will lead to the creation of roughly 10,000 new jobs this year. The Goodlettsville, Tenn.-based discount store chain is expecting to open 1,000 new locations, along with two distribution hubs, adding new positions that will grow its staff by about 9 percent.…

Eastern Mountain Sports’ Parent Files for Bankruptcy
February 7, 2017 at 1:21 pm

Eastern Outfitters, the parent of discount chain Bob's Stores and outdoor retailer Eastern Mountain Sports, filed for bankruptcy protection on Sunday, the latest U.S. retailer to do so amid increased competitive pressure facing the sector. British sportswear retailer Sports Direct International has engaged in extensive talks with Eastern Outfitters to become a stalking-horse bidder in a…

Retailers Need to Master Building Shopping Communities in 2017
February 7, 2017 at 9:19 am

Wow. A month into 2017 and The Limited and Wet Seal  are closing their doors forever. Hundreds of stores gone, thousands of jobs gone. The rest of the brick-and-mortar retailers panic and wonder whether they can slash prices and profit margins again. Many are throwing up their hands, muttering that it’s impossible to fight the…

bebe to Close 25 Stores in 2017
February 6, 2017 at 11:38 am

bebe stores, inc. said it will not open any stores in 2017 and will close up to 25 bebe and outlet stores, decreasing total store square footage by 16 percent. The company made the disclosure last Thursday when it posted second-quarter results for sales at its stores. The retailer said Q2 same-store sales fell 10.5 percent,…

2016 Sales Data Provides Retailers a Compelling Reason to Open on Thanksgiving
February 3, 2017 at 4:48 pm

While it's already February, we still have 2016 on the mind. Since the trend to open stores on Thanksgiving Day is only a few years old, it’s a reasonable question as to whether this is a passing fad or it’s here to stay. This year, some retailers which had previously opened on Thanksgiving decided against…

First Warning Signs of a Bad Retail Store Layout
February 3, 2017 at 11:43 am

Your store’s layout is one of the key determining factors in whether consumers will even walk through the door, much less wander around, make impulse buys, and come back in the future to see what you’re offering. Your layout will draw them in, encourage them to check out the products you’re featuring, and improve your…

Wet Seal Files for Bankruptcy
February 3, 2017 at 9:25 am

Wet Seal LLC filed for bankruptcy protection on Thursday, following reports last week that the struggling teen apparel retailer had closed all its stores after it was unable to find a buyer. The Irving, Calif.-based company listed assets of $10 million to $50 million and liabilities of $50 million to $100 million in a filing with…

Retail Sales Resolutions: From the Back Office
February 2, 2017 at 11:00 am

Retail businesses certainly witnessed more than their fair share of opportunities and challenges last year. There has been a massive increase in mobile shopping, more investment in omnichannel technology than ever before and a dramatic shift towards digital selling strategies. Retailers across the globe are looking at these changes in consumer behaviors and trying to…

Restoration Hardware Sues Crate and Barrel Over Trade Secrets
February 2, 2017 at 10:47 am

Restoration Hardware and Crate and Barrel are going head-to-head in court over trade secrets and in-store cafes. The trendy Three Arts Club Cafe operated by Restoration Hardware inside its RH Chicago Gold Coast gallery is at the center of this fight. In 2012, Restoration Hardware started developing a concept to include food and beverage services…

Macy's Sale Rumored, Long-Time CEO to Step Down
February 2, 2017 at 10:41 am

Veteran retail boss Terry Lundgren is stepping down as Macy’s CEO at the end of this quarter. The New York Post reports that Lundgren is trying to avoid a looming board shakeup that could tarnish his 13-year tenure at Macy's and turn the largest U.S. department store into a messy battleground. A partner at a…