The retailer said it intends to close more than half of its Last Call discount locations to focus on its luxury department stores.
Meet Mister Comfortable, who has been walking on a treadmill in the window of a Madison Avenue storefront since November.
Sales at Costco stores rose as shoppers stocked up on bulk quantities of everyday goods amid the new coronavirus outbreak.
The weakest U.S. retailers face the biggest risks from the coronavirus epidemic if Chinese factories overseas remain understaffed and customers at home stay away from stores.
Epidemic-wary households are buying up snack bars and pouched foods typically bought by campers and hikers, and manufacturers are struggling to keep up with the soaring demand.
Retail landlords are likely to face a challenge from the coronavirus outbreak if it keeps shoppers at home, adding to the pressures that are already being felt from the growth in online shopping.
Lego said it will open 150 new stores this year, mostly in China, after opening the same number last year—pushing to meet what it says is that country’s growing demand for its toy bricks.
Airport retail outlets have been a rare success story in the slumping bricks-and-mortar world. Now, duty-free and other airport shops are under siege from the coronavirus.
Supermarkets and other retailers are preparing for a surge in demand and shoppers are stocking up on staple foods and cleaning supplies as more cases of the new coronavirus appear in the U.S.
The plan would initially bring 5G service to a pair of locations to power new Walmart digital health services the retailer aims to start offering to shoppers and employees.
Comparable sales increased 3.2% during the quarter ended Feb. 1, marking 12 consecutive quarters of sales growth. In the U.S., online sales grew nearly 19% due to high average order values and more shoppers buying online.
San Francisco will put to vote next Tuesday a punitive new approach to ending the blight of empty storefronts.
A real-estate-focused venture-capital firm said it has closed a $100 million fund to invest in companies born online and looking to join the brick-and-mortar world.
Children used to want toys based on their favorite movies and TV shows, whether it was “Star Wars,” “My Little Pony” or “Teenage Mutant Ninja Turtles.” Those remain in demand, but kids are now also seeking out toys based on their favorite YouTube stars and channels.
The embattled billionaire’s decision to part ways with Victoria’s Secret is an admission that he couldn’t revive the fortunes of a troubled lingerie brand he had built around shopping malls and sex appeal.
Retailers are relying on their own proprietary research to decide where to shelve products, dealing another blow to large U.S. food companies that are already dealing with increased competition and shifting consumer tastes.
New CEO Mark Tritton laid out his vision for remaking the troubled retailer. Decluttering stores is high on his list.
Walmart reported sluggish holiday sales despite continued online gains, adding to a string of disappointments from traditional retailers as they adjust to changing shopping habits.
Retailers are replacing scales with video systems that some say are better at catching mis-scanned items and stopping transactions in progress only when it is necessary.
Analysts are split about whether Simon Property’s bid to rescue the fast-fashion retailer will succeed, but even skeptics say the mall giant may have little choice but to try to salvage one of its most important tenants.