Retail Stores
Walmart is investing more than $9 billion over a two-year period to upgrade and modernize some U.S. stores with improved layouts, expanded product selections and new tech additions. On Friday, 117 stores in 30 states will be re-launched showcasing the enhancements, representing investments of more than $500 million, Walmart said in a statement. In total,โฆ
Just about any retailer or brand marketer is going to like the idea of using technology to better understand how consumers shop a store. But what they donโt tend to like is any possibility that the technology being used will upset and even alienate those shoppers. Stories regularly find their way into mainstream media aboutโฆ
As store shelves fill with fall favorites, itโs hard to ignore the beginning of the U.S. winter holiday shopping season โ and the uptick in American spending that typically goes with it. The frenzy from late September through the new year is a well-established critical time for retailers, which count on the โGolden Quarterโ for aโฆ
Consumers showed surprising strength in September, boosting retail sales well above expectations despite high interest rates and worries over a weakening economy. Retail sales rose 0.7 percent on the month, well above the 0.3 percent Dow Jones estimate, according to the advance report the Commerce Department released Tuesday. Excluding autos, sales were up 0.6 percent, also wellโฆ
Macy's announced on Tuesday that it will open up to 30 smaller stores in strip malls over the next two years, as the retailer chases customers out of shopping malls and into bustling suburbs. The expansion marks an inflection point for the department store operator, which has looked for ways to refresh its legacy brand, cope withโฆ
Consumer desire for convenience, speed and the resultant increase in online shopping has dramatically altered the retail landscape. With greatly diminished foot traffic in stores and retail spending now strapped by inflationary pressure on consumer pocketbooks, we've seen record numbers of retail bankruptcies, restructurings, and associated store closures in 2023. When a retail operator goesโฆ
Toys R Us is plotting a bold comeback in the U.S., as it plans to expand its brick-and-mortar presence with as many as 24 new flagship stores and a separate rollout at airports and on cruise ships starting this holiday season. The toy retailerโs parent company, WHP Global, announced what it called the โAir, Land andโฆ
In episode 421 of Total Retail Talks, Editor-in-Chief Joe Keenan interviews Chris Wantlin, chief retail officer at Ashley, the No. 1 furniture and mattress retailer in North America. Among other topics, Wantlin discusses the company's recent rebrand, how Ashley is bringing consumer awareness to its brand refresh, and the internal collaboration needed to execute theโฆ
Rite Aid is negotiating terms of a bankruptcy plan that could see a significant number of its more than 2,100 drugstores permanently close, according to a report. People familiar with the company's talks with creditors told The Wall Street Journal that Rite Aid has proposed to close as many as 500 stores in bankruptcy, and either sellโฆ
In episode 419 of Total Retail Talks, Editor-in-Chief Joe Keenan interviews Greg Elder, chief retail officer at L.L.Bean, a leading multichannel merchant of quality outdoor gear and apparel. During the wide-ranging conversation, Elder provides an overview of L.L.Bean's recently announced 2023 omnichannel growth plans (0:50), the retailer's approach to wholesale partnerships (2:00), and its decision toโฆ