Yet another teen retailer appears poised to join the likes of Aeropostale, DEB, Wet Seal, and Delia’s on the list of clothing stores that have fallen from their glory days of outfitting youngsters in fashionable duds. The website of quick-rising online retailer Shop Jeen has been down for several days. [More]
In 2013, a young New Jersey girl’s leg became trapped in a Macy’s escalator while on a shopping trip with her family. Nearly three years later, the family, the retailer, and the company tasked with maintaining the escalator are ready to put the ordeal behind them, agreeing to a $15 million settlement.
Retailers tend to be cautious about rolling out changes nationwide, instead testing out a couple tweaks here and few updates there. Target, however, is using entire stores in California as testing grounds for dozens of new in-store “enhancements.”
When you’re in the supermarket and see a big, loud “Lower Price” sticker covering up an everyday price and showing a discount of anywhere from $.20 to $5, you’d expect that the price being covered up would be the original, higher amount. That’s why some Aldi shoppers are confused about why the discounted price on the sticker is the same as the price it’s covering up. [More]
While other retailers are busy shutting down stores and trying to figure out how to grab a chunk of that online shopping business, one chain is considering beefing up its bricks-and-mortar presence. TJX Companies Inc., the parent company of TJ Maxx, Marshalls, HomeGoods, and other off-price stores, may open thousands more stores worldwide. [More]
Although Amazon may be the big bad wolf at the door coming to blow the house down and eat up their business, some retailers are considering teaming up with the tech giant instead of fearing it. Like Gap, whose CEO said the company would consider working with Amazon if it means reaching shoppers. [More]
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]
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]
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]
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]
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]
Amid declining sales and increased scrutiny on the supplements industry, GNC Holdings is looking to either restructure its business or sell itself.
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]