Mike Mozart

TJ Maxx And Marshalls Are Doing Great Because Bargain-Hunting Thrills People

For people who enjoy it, bargain-hunting combines all of the primal fun of hunting with no threat of being trampled by an antelope. That’s why, amid recent fretting that American department stores and malls are doomed, there remains a bright spot in the retail business. TJX, parent company of off-price stores T.J. Maxx, Marshalls, and HomeGoods, reported better-than-expected results this quarter, unlike its department store competitors. [More]

(Mark Clifton)

Former JCPenney CEO: Should Have Stayed With My Plan Despite $6B Loss

Former JCPenney CEO Ron “No Sales Here” Johnson may have cost the retailer $6 billion in sales during his tenure, but the executive believes his plan could have turned around the company, eventually.  [More]

Why Is JCPenney Trying To Be More Like Sears, When So Many Sears Stores Are Closing?

Mike Mozart

In a previous era, JCPenney and Sears competed against each other for sales in just about everything from apparel to appliances to towels and sheets. Gradually, the rivals’ paths diverged somewhat: JCPenney focused on clothing, while Sears lowered its price point to push its core business of tools and appliances. So why, with Sears in the process of closing so many of its stores, is JCPenney once again going head-to-head with its old nemesis by getting back into the appliance game? [More]

Are These The Final, Doomed Days Of The American Mall?

Nicholas Eckhart

Once upon a time, not terribly long ago, enclosed shopping malls were mammoth physical manifestations of the great American retail experience — just about everything you could want to buy all in the same sprawling building, anchored at various points by those glorious national department store chains. Then came the dramatic shift to big box stores, offering everything from TVs to hardware to clothing to groceries from one store, followed by the advent of online shopping, where all this shopping can be done in your undies and everything will be delivered to your door. One retail analyst says that recent underwhelming sales figures from Macy’s and other mall mainstays could indicate that many of these relics of the not so distant past are doomed. [More]

Mark Clifton

Sears Opening Smaller-Format Appliance Stores

Even though Sears is constantly adding underperforming stores to its list of closing locations, the once-great retailer isn’t ready for burial just yet. In an effort to focus on one of its core businesses, Sears is thinking small.

[More]

JCPenney Officially Reentering Appliance Arena: Expanding Offerings To 500 Stores

JCPenney Officially Reentering Appliance Arena: Expanding Offerings To 500 Stores

At the beginning of the year, JCPenney announced it would once again dip its toes into the appliance business by testing sales of ovens, refrigerators, washers, and the like through pilot programs in three states. That experiment apparently went well, as the retailer now plans to expand the offerings nationwide and begin tests of other home-focused products, including flooring and window coverings.  [More]

Nicholas Eckhart

Report: JCPenney Slashed Workers’ Hours, Took Other Drastic Measures To Cut Costs

According to a new report, JCPenney had to work fast to cut costs recently after sales were unexpectedly sluggish last month. Some of the drastic measures the department store took included telling managers to cut workers’ hours, freeze overtime, and ban store markdowns. [More]

TheGlassPeople

American Apparel Tries Crowdsourcing To Find Expensive Products People Will Buy

Three months after going private and emerging from a contentious fight over its Chapter 11 bankruptcy protection, American Apparel is looking to put the pieces back together, and it’s starting with a crowdsourcing campaign to solicit ideas for products made in the U.S.  [More]

Mike Mozart

GNC Looking To Sell Itself, Other Restructuring Options

Amid declining sales and increased scrutiny on the supplements industry, GNC Holdings is looking to either restructure its business or sell itself.
[More]

frankieleon)

Card Reissued Because Of A Breach? Good Luck Finding Out Where The Hack Happened

When a massive data breach happens at a retailer like Target or Home Depot, there’s little mystery as to why your bank is rushing you a new credit or debit card. But when your card is being replaced because of a lower-profile cybercrime, the odds are against you ever finding out why.  [More]

Mike Mozart

Aeropostale Delisted For “Abnormally Low” Trading Price After Possible Bankruptcy Report

Just a day after in-the-know sources revealed that teen-clothing retailer Aeropostale was headed for bankruptcy, the company was delisted from the New York Stock Exchange.  [More]

Mike Mozart

Report: Teen Retailer Aeropostale Prepping Bankruptcy Filing

The past few years haven’t exactly treated teen retailers well: DEB, Wet Seal, and dELiA*s (although it came back as an online-only store) are just a few of the brands that have filed for bankruptcy. Another once-popular teen-focused retailer is joining that list as Aeropostale is said to be prepping its own bankruptcy filing.  [More]

Lori Whelan

Target: Customers Can Use Fitting Rooms, Bathrooms That Reflect Their Gender Identity

While some states and cities consider rules regarding who can or can’t use which public restrooms, Target has confirmed that its policy is that customers can use whichever fitting room or restroom best reflects their gender identity. [More]

Cyndi Beane Henry

Report: Bass Pro Partnering With Goldman Sachs To Acquire Rival Cabela’s

The same day that the dire fates of Sport Chalet and Sports Authority give us reason to ponder the state of the sporting goods industry, we have news of more possible changes in this niche retail market: Outdoor goods giant Bass Pro is reportedly looking to buy rival Cabela’s.  [More]

Why Are So Many Sporting Goods Stores Going Bankrupt?

Nicholas Eckhart/Edwin Ruskin Nordrike Parker

196. That’s the number of sporting goods stores that are set to close after two retail companies filed for bankruptcy in recent weeks. While the failures of Vestis Retail Group — the operator of retailers Eastern Mountain Sports, Sport Chalet, and Bob’s — and Sports Authority were accelerated by mountains of debt both incurred in recent years, there’s more at work when it comes to the apparent demise of sporting goods retailers.  [More]

Trinity Framing

Wayfair Now Offers To Send You An Electrician When You Buy Light Fixtures

Taking a page from Amazon, Yelp, Google, and Facebook, online retailer Wayfair is ready to play matchmaker with customers, connecting them with professional service providers when they buy a product on the site.  [More]

Edwin Ruskin Nordrike Parker

Another Sporting Goods Company Files For Bankruptcy; All Sport Chalet Stores Closing

With the dust just beginning to settle surrounding the bankruptcy and 140-store closure of sporting goods retailer Sports Authority, another, albeit smaller, outdoor gear retailer is following suit. Vestis Retail Group, the operator of brand Eastern Mountain Sports, Bob’s Stores, and Sport Chalet, officially filed bankruptcy papers today, outlining a restructuring plan that focuses on closing 56 stores.  [More]

AmandaSG

Nine States Expand Probe Into On-Call Scheduling, 15 More Retailers In The Hot Seat

With the help of seven other states and the District of Columbia, New York is expanding the probe into on-call scheduling in the retail world, sending letters to 15 more retailers asking them about their use of the practice. [More]