Retail Stores

Stationery Chain Papyrus to Close All of its Stores
January 20, 2020 at 9:57 am

Stationery chain Papyrus is reportedly closing all of its stores across the United States. Citing two anonymous sources, Retail Dive's Ben Unglesbee reported that the chain's parent company, the Schurman Retail Group, plans to close all Papyrus retail locations. The first Papyrus location opened up in Berkeley, California, in 1973, although the brand itself dates back to 1950.…

How Retailers Can Reach Overwhelmed Consumers in 2020
January 16, 2020 at 9:41 am

The retail industry has witnessed a seismic shift as of late, with the emergence of direct-to-consumer (D-to-C) brands, an increasingly saturated market with a flood of new options in every vertical, and the ever-lingering dominance of Amazon.com and other e-commerce giants. Therefore, it’s no surprise that brands have had to drastically shift their strategies to…

CVS Plans to Open 600 HealthHUB Stores in 2020
January 15, 2020 at 12:47 pm

CVS Health is on track to meet its goal of rehabbing more than 1,000 of its stores, CNBC reported. At the end of 2018, CVS launched three of its HealthHUB concept stores in the Houston region, before expanding the program to 50 locations in four markets by the end of 2019. Hundreds more are scheduled to be…

What Retailers Get Wrong About Millennials
January 15, 2020 at 9:36 am

The notion that millennials are harbingers of the retail apocalypse is, in fact, a myth. New data from Accenture quashes this misconception, having found 82 percent of millennials prefer shopping in brick-and-mortar stores. The fact that millennials haven’t simply abandoned brick-and-mortar retail in favor of online shopping is a testament to the power of a smart, unified…

Casper Sleep Files to Go Public
January 13, 2020 at 7:59 am

Online mattress company Casper Sleep on Friday filed regulatory paperwork to take the company public, according to a CNBC report. Casper Sleep would be listed on the New York Stock Exchange under the ticker symbol “CSPR.”  In the filing with the Securities and Exchange Commission (SEC), Casper said it plans to use the proceeds to fund…

Macy's to Close 29 Stores Following Holiday Sales Drop
January 8, 2020 at 2:49 pm

Macy's announced Wednesday its plans to close 29 stores in the coming weeks, reports The Washington Post. The closures include 28 Macy's department stores and one Bloomingdale's location, following a reported 0.6 percent decline in same-store sales during the holiday season. That compares with the 1.1 percent growth recorded during November and December last year. Macy's…

Pier 1 Imports to Close Nearly Half its Stores, Bankruptcy Rumors Persist
January 7, 2020 at 10:19 am

Pier 1 Imports said yesterday that it intends to close up to 450 locations, or almost half its fleet of 942 stores, as it unexpectedly reported quarterly earnings amid bankruptcy rumors. Pier 1′s losses have been mounting as its sales decline. And this latest quarter was no exception. Its third-quarter loss widened from a year…

NOBULL's Co-Founder on Fostering Community and Expanding Into Physical Retail
January 6, 2020 at 9:58 am

In episode 228 of Total Retail Talks, Executive Editor Joe Keenan interviews Marcus Wilson, co-founder of NOBULL, a footwear, apparel and accessory brand for people who train hard and don't believe in excuses. Wilson discusses NOBULL's story, including its expansion into physical retail and its organic growth into various areas of the training market. He…

U.S. Retail Sales Grew 3.4% This Holiday Season
January 3, 2020 at 12:49 pm

According to Mastercard SpendingPulse, holiday retail sales increased 3.4 percent (excluding auto) this holiday season, with online sales growing 18.8 percent year-over-year. Mastercard SpendingPulse provides insights into overall retail spending trends across all payment types, including cash and check. E-commerce accounted for 14.6 percent of total retail sales this holiday season (Nov. 1 through Dec. 24). Here are…