falling sales

Otavio

Owner of Ann Taylor, dressbarn, Lane Bryant, Maurices Could Close Up To 650 Stores

You may not know the name Ascena Retail Group, but you know the stores it owns, like Ann Taylor, dressbarn, Lane Bryant, Maurices, among others. Many of these stores could soon be closing if Ascena follows through on its proposal to shutter as many as 650 locations. [More]

Adam Fagen

Sales At Pottery Barn Are Falling Because Your Apartment Is Too Small

It used to be that if someone wanted to update their living room to look like it came straight from a magazine, the place to shop was Pottery Barn. But times have changed and that’s apparently not great news for the home decor retailer, who has seen sales fall along with the size of consumers’ living spaces. [More]

Mike Mozart

The Best Macy’s Can Say About Its Future: “We’re Not Dead”

No matter how bad things get for a retailer, its execs are supposed to put on a good face and spin the bad news into something positive. So it may say a lot about Macy’s that the best line its Chief Financial Officer could muster was “We’re not dead.”  [More]

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Rue21 May Be Next Retailer To File For Bankruptcy

The retail wheel of misfortune has been particularly unkind to teen-targeted shops that occupy many of the nation’s malls and shopping centers. WetSeal, Aeropostale, Pacific Sun, and Quicksilver have all recently filed for bankruptcy, and a new report says Rue21 may be the next to fall. [More]

Mike Mozart/Mike Mozart

As Sales Sink, Urban Outfitters CEO Declares Retail “Bubble Has Burst”

The last few years haven’t exactly been great for long-time mall retailers, with chains like Wet Seal, BCBG, Aeropostale, and The Limited filing for bankruptcy, while Abercrombie & Fitch and Barnes & Noble struggle to remain relevant. Now that two additional mall mainstays — Express and Urban Outfitters — one CEO is saying that retailers have no one to blame but themselves. [More]

Steve

Target Stepping Away From Innovation To Focus On Core Business

In an attempt to attract more customers and drum up sales in the face of fewer visitors and just so-so grocery sales, Target turned to innovation, creating prototype stores of the future and launching a super-secret project “Goldfish” that aimed on disrupting the retail landscape as we knew it. Those efforts are no more.  [More]