Retail Stores

Carter's to Close at Least 200 Stores
October 27, 2020 at 6:30 pm

Carter’s is permanently shutting down hundreds of stores. The children’s apparel and accessories retailer announced today that it plans to close 25 percent of its brick-and-mortar fleet, or about 200 locations, as the leases of those units expire. Speaking to analysts, Carter's CEO Michael Casey said that nearly 60 percent of those outposts will likely…

Macy's to Skip Santa, Ending 159-Year Tradition
October 26, 2020 at 4:46 pm

Santa Claus won't be visiting any Macy's stores in 2020, ending a 159-year holiday season tradition. The department store's tradition started in 1861, but Santa meet-and-greets won't be happening this year because of concerns about the coronavirus pandemic. Instead, Macy's is creating an interactive virtual experience. "To replicate the magical experience of visiting Macy's Santaland for…

Gap Exiting Malls, to Shutter 350 Stores by 2024
October 22, 2020 at 7:21 pm

Gap Inc., which was for decades a fixture at shopping malls around the country, said Thursday that it will be closing 220 of its namesake Gap stores — or one-third of its store base — by early 2024. That will result in 80 percent of its remaining Gap stores being in off-mall locations. As part…

The Future of Brick-And-Mortar Retail: Contactless, But Experience-Full
October 22, 2020 at 5:44 pm

Although the future is unpredictable, some aspects of the post-COVID-19 retail shopping environment are coming into focus. Consumers will continue to buy products online, but there will remain occasions when a customer will want to return to the store. They won’t return, however, unless the shopping is contactless, experience-full and, most importantly, consumers genuinely feel…

Highlights From Total Retail's Top 100 Fastest-Growing Retailers Report
October 21, 2020 at 7:39 pm

In this special episode of Total Retail Talks, Digital Content Manager Kristina Stidham speaks with Editor-in-Chief Joe Keenan about Total Retail’s recently released Top 100 Fastest-Growing Retailers report, a ranking of publicly traded companies based on year-over-year net sales growth. Keenan shares that this annual report identifies the retail brands that are growing sales at…

The Time is Right to Revisit Retail Lease Provisions in Light of COVID-19
October 21, 2020 at 9:38 am

Many retailers were forced to close their doors to customers beginning in March 2020, when the coronavirus pandemic first hit the United States. This caused the stock market to plunge initially, and pushed the overall economy into a record slump. Unsure of how to proceed given the unprecedented situation where municipalities were ordering stores to…

U.S. Retail Sales Jump 1.9% in September
October 19, 2020 at 8:26 pm

U.S. retail sales in September increased 1.9 percent month-over-month and 5.4 percent year-over-year, the U.S. Commerce Department said Friday. That's more than double what was economists forecasted, more than triple the 0.6 percent month-over-month increase in August, and almost double the 2.8 percent year-over-year increase in August. Sales have been up both month-over-month and year-over-year each month since…

Walmart Pilots Tech Service Program Similar to Geek Squad
October 13, 2020 at 7:10 pm

Walmart is testing electronic tech services through a partnership with True Network Solutions. The retailer is testing the service in four stores in the Dallas-Fort Worth area as well as one near its headquarters in Arkansas. The tech services desk looks similar to a Geek Squad counter at competitor Best Buy. Walmart hasn't made an announcement…

How Purple is Creating a Safe In-Store Shopping Experience
October 13, 2020 at 5:09 pm

To survive into 2021, brick-and-mortar retailers this holiday season must instill confidence in COVID-19-wary shoppers. Case in point: Leading mattress brand Purple will install hand sanitizer dispensers in all of its store locations. Purple has chosen startup Touchland Hand Sanitizer — and its tech-enabled “KUB”  dispensers — as its partner. The KUBs, designed by Touchland Founder and Product Designer Andrea Lisbona, are filled…