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Target Revamping its Storefronts
March 23, 2017 at 12:51 pm

Target is getting a new look. According to reports, the big-box retailer is revamping its look in an effort to get shoppers back into its brick-and-mortar locations. The new layout was unveiled by CEO Brian Cornell in Las Vegas on Monday. Some of the features include a separate entrance and 10-minute parking for shoppers looking to pick…

Rumored Payless Bankruptcy Filing, Up to 500 Store Closings
March 23, 2017 at 12:25 pm

Discount shoe store Payless is struggling. USA Today reports the retailer has been rumored to be seeking bankruptcy court protection and may close as many as 500 stores. Payless plans to shut down the stores as part of its reorganization strategy. While 500 stores closing is a lot, it's less than the original estimate of 1,000 stores.…

Kohl's CEO on Future of Stores, Amazon and More
March 22, 2017 at 1:33 pm

In an interview yesterday with Sucharita Mulpuru at Shoptalk in Las Vegas, Kohl's Chairman, CEO and President Kevin Mansell discussed the future of the struggling retailer, including the role of brick-and-mortar, how the department store will leverage technology, how it views Amazon.com, and the potential impact of the proposed border adjustment tax

Bebe Closing All Stores, Concentrating on E-Commerce
March 22, 2017 at 11:46 am

Bebe Stores Inc. is planning to shut down its stores and become an online-only brand, according to sources close to the situation. The company is trying to close the locations without filing for bankruptcy, however, Chapter 11 may be required if enough landlords aren't willing to negotiate. Bebe has 170 stores in its fleet, including…

Why Consumers Increasingly Crave Tangible Touch Over Touchscreens
March 22, 2017 at 9:09 am

We’ve all heard talk about the pending death of brick-and-mortar in the digital age. We’re certainly seeing declines in an overpopulated retail marketplace as consumers grow more comfortable shopping online. In fact, in the fourth quarter of 2016, about 9.5 percent of all retail sales were transacted online. However, rather than experiencing a full-fledged extinction…

New Study Names Favorite Retailers, Shows Impact of Associate Engagement
March 20, 2017 at 10:26 am

If you were to Google "hot topics in retail," you’d get a long list of articles outlining how to engage customers with mobile optimization, social media, omnichannel, loyalty programs and the Internet of Things. While no one disputes these are very important aspects of today’s retail businesses, a recent study from Market Force Information reminds…

Guess Closing 60 U.S. Stores, Expanding Abroad
March 17, 2017 at 10:34 am

Guess announced during its fourth quarter earnings call this week that it will be closing 60 underperforming stores this fiscal year. In the past two years, the retailer — which operates about 400 U.S. locations — has closed 62 U.S. stores, including 10 this past quarter. Guess reported fourth quarter total net revenue increases of 3.2…

The Great Digital Divide Between Consumers and Store Associates
March 16, 2017 at 9:50 am

In today’s hypercompetitive retail environment, there’s mounting pressure for retailers to leverage their brick-and-mortar presence as a competitive advantage. This reality arguably makes the store associate the most important asset retailers have. Associates can provide the personal service that differentiates their shopping experience from their competitors, including online pure-play retailers. In fact, store associates that…

Wal-Mart Gives More Than $157 Million in Bonuses to Associates
March 15, 2017 at 10:28 am

Last week, Wal-Mart gave a share of more than $157 million to more than 850,000 employees in the U.S. These cash bonuses were based on their stores’ performance in the fourth quarter. The bonuses were awarded on the heels of Wal-Mart U.S. recording its strongest comp sales performance of the year in the fourth quarter…

Staples to Close 70 More Stores
March 10, 2017 at 10:37 am

Staples said on Thursday it was closing another 70 stores in North America amid sharp sales declines in its top market and a continued pivot to business services and away from brick-and-mortar for the leading office supplies retailer. Comparable sales, which excludes the impact of newly opened or closed stores, fell 7 percent in the fourth…

The Power of the Store in 2017
March 9, 2017 at 12:01 pm

Many retailers are still wrapping their heads around the full value of implementing an order management system (OMS) within their operations. But as the industry storms into 2017, we’ll see sweeping changes that revolutionize the way omnichannel retail operates. It has been widely predicted that sales, commerce and fulfillment investments will be one of the…

Xcel Brands Thriving With Fast-Fashion Strategy
March 9, 2017 at 9:27 am

It seems as though every day there's another retailer closing stores, declaring bankruptcy or laying off employees. Most recently, J.C. Penney announced it will be closing 140 stores; HHGregg has filed for bankruptcy; and JackThreads laid off most of its staff. However, one company is flourishing at a time when others are failing. Xcel Brands,…

Ross Stores Opening Almost 100 Stores in 2017
March 8, 2017 at 10:19 am

Amid wider retail industry struggles, including store closings and layoffs, Ross Stores is pushing forward with an aggressive store expansion strategy. The off-price retailer recently opened 23 Ross Dress for Less stores and five dd's Discounts stores across 15 states in February and March. The new locations are part of Ross Stores’ plans to add…

Finish Line Sells JackRabbit Chain for $0
March 7, 2017 at 11:30 am

The Finish Line wound up selling JackRabbit, its unprofitable specialty running business, for a purchase price of “zero,” according to a regulatory filing. The business, which includes 65 stores operating under a number of banners, was sold to CriticalPoint Capital, LLC, the Los Angeles-based private investment firm. The deal was first announced on Jan. 27, and…

Gordmans Stores Preparing for Bankruptcy Filing
March 7, 2017 at 11:11 am

Gordmans Stores Inc., a Midwestern department store chain founded more than a century ago, is preparing to file for bankruptcy, according to people familiar with the matter. The filing could come as soon as this month, said the people, who asked not to be identified because the process isn’t public. Shares of the Omaha, Nebraska-based…

Home Depot to Hire 80,000 Workers for Spring Season
March 3, 2017 at 12:14 pm

The Home Depot announced today that it would add more than 80,000 temporary positions in stores and distribution centers around the nation for its spring selling season. This is roughly the same number of seasonal hires the company made last year. Jobs are available in customer service and sales, lot associates, freight and receiving, store…

Abercrombie & Fitch to Close 60 More Stores
March 3, 2017 at 12:09 pm

Abercrombie & Fitch said this week that it would close 60 more U.S. stores this fiscal year as it searches for ways to increase productivity amid ongoing sales declines, including in the holiday quarter. The closures follow the shuttering of 53 U.S. shops last year. In addition, half of the company's 700-plus U.S. leases are…

Target Announces Plans to Get More Shoppers in Its Stores
March 1, 2017 at 11:26 am

Just one day after Wal-Mart announced its plans to cut grocery prices, Target said it will spend $2 billion this year and a total of $7 billion over three years to get more people into its stores. The plans include initiatives such as remodeling stores, launching more private label brands, price reductions and opening more small…