Another petition has been circling featuring Starbucks, but this time it's political. The document and a separate crowdfunding effort are an attempt to get Starbucks to terminate its leases on Trump properties. Kyle Brooks, author of the petition letter, was 300 names away from its goal of 11,000 at the time Fortune originally reported the…
Everyone in the TV industry knows about the overnights. Such Nielsen ratings let executives know which shows are taking off and which aren’t. Perhaps that’s why TV is such a vibrant business. Some 65 percent of new shows are canceled every season, according to one estimate. Other industries haven’t had this luxury. In particular, retailers often have…
U.S. sales at retail stores and restaurants rose 0.6 percent in June from the prior month to $457 billion, the Commerce Department said today. Sales were up 2.7 percent from a year earlier, up from annual growth of 2.2 percent in May. Most retail categories saw sales grow last month, led by a 3.9 percent…
Walgreens is confident that its acquisition of Rite Aid will close by the end of this year, and CEO Stefano Pessina reports only about 500 stores would need to be sold to address regulator’s antitrust concerns. Analysts first predicted that anywhere from 1,000 to 3,000 stores would need to sell to satisfy the Federal Trade…
Barneys New York Majority Owner Richard Perry is looking to sell part of the company. The hedge fund manager reportedly doesn’t want to put any more money into the business after opening a 58,000-square-foot Chelsea store. This comes after first-quarter, same-store sales dropped 10 percent from last year. Perry took control of the retailer in…
Dick's Sporting Goods, the largest U.S. sporting goods retailer, said last week that it was the successful bidder in the auction for the intellectual property of bankrupt competitor Sports Authority with a bid of $15 million. The intellectual property of Sports Authority includes its e-commerce website, SportsAuthority.com, a loyalty program with 28.5 million members, and a…
Online marketplaces are growing in popularity with shoppers and, therefore, so too are the number of marketplaces available. Shop.com is just one of the beneficiaries of consumers’ increasing penchant for shopping online. The marketplace features over 40 million products across virtually all product categories, and services over 200 markets. In episode 42 of Total Retail…
Starting in next year's first quarter, Macy’s will have a new CEO to take on struggling sales and address the greater challenges surrounding the way people shop. Macy's current chief executive, Terry J. Lundgren, will step down and cede the top spot to the company's current president, Jeff Gennette. Lundgren will stay on as executive…
Barnes & Noble is opening four concept stores throughout the country in 2017. In cafes twice the size of the bookstore’s current spots, beer, wine and a bigger food menu will be available to shoppers. This is the latest effort from Barnes & Noble to rejuvenate the company and grow sales. Jaime Carey, president of…
The rise of online shopping has brought many benefits with it — convenience, an expanded selection of products and competitive prices. One of the most dramatic side effects of the online shopping phenomenon, however, is that it's forced us to re-examine the traditional brick-and-mortar shopping experience. We’ve learned that the in-store shopping experience isn’t easily…
