retail

kaleidoscopist

Report: Hudson’s Bay Looking To Take Over Macy’s

Macy’s could soon be heading to Fifth Avenue, or rather, to the parent company of stores like Saks Fifth Avenue and Gilt, Hudson’s Bay is reportedly looking to take over the struggling department store.  [More]

Nordstrom Says Poor Sales To Blame For Axing Ivanka Trump Line

Nordstrom Says Poor Sales To Blame For Axing Ivanka Trump Line

There will be one fewer famous name on products at Nordstrom stores this spring, after the retailer announced it will not be carrying the Ivanka Trump brand in the coming season. [More]

Mike Mozart

Court To Review Target’s $10M Customer Data Breach Settlement

Nearly two years after Target agreed to set up a $10 million fund to reimburse customers affected by its massive 2013 holiday season data breach, a federal appeals court has ordered the judge in this lawsuit to review the settlement. [More]

Phillip Pessar

Wet Seal Files For Second Bankruptcy Since 2015

In a move that will surprise no one, young women’s clothing retailer Wet Seal has filed for bankruptcy for the second time in just over two years. This time, the chain will not be re-organizing, and it’s unlikely that a new owner will come along and rescue the business out of bankruptcy. [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]

shinya

Ralph Lauren CEO Making A Quick Exit After Butting Heads With The Real Ralph Lauren

Mike Mozart

H&M Slows Down Store Openings, Shifting Focus To Online

For years, so-called fast fashion purveyor H&M (which stands for Hennes & Mauritz) has quickly opened store after store around the world to compete with rivals like Zara and others. Now, however, the company says it will slow down its pace of new store openings in order to concentrate on current stores and online sales.  [More]

(Patrick)

Walmart Ditching $50/Year ShippingPass For Free Two-Day Shipping

Less than a year after its national launch, Walmart is pulling the plug on its $50/year ShippingPass subscription service that was intended to compete directly with Amazon Prime. In its place, the big box retailer plans to offer free-two day shipping on millions of products with a lower minimum purchase price. [More]

IKEA Today

IKEA Launching Customizable “Open Source” Furniture To Give Customers More Choices

Maybe you can’t afford that bespoke chaise with the walnut legs and expensive upholstery, but that doesn’t mean you have to resign yourself to having the same living room as everyone else who shops at IKEA: in an effort to help customers living in tight spaces more options, the Swedish furniture company is introducing what it calls its first “open source” furniture. [More]

(Nicolas Eckhart)

Kmart Lays Off More Employees, Turns Sales Floor Into Big Pile Of Boxes

The apparent inescapable death spiral of Sears continued last week when the retailer laid off an unspecified number of full-time employees from its Kmart stores. [More]

Walmart Is Selling Its Own “Craft” Beer — Not That You’d Know It

Walmart Is Selling Its Own “Craft” Beer — Not That You’d Know It

Is that craft beer in your grocery cart really brewed by a small, independent brewery, or does it come from the same commercial vats as other non-craft beverages? It can be hard to tell, especially now that big name retailers like Walmart are selling their own private label “craft” brands. [More]

USA Today

Amazon Makes Boy’s Dream Come True With Visit To Phoenix Distribution Center

Though we may be used to the idea of summoning any product you want from anywhere around the world with the click of a button, the process that goes into making such a feat possible is a lot more complicated. And for an eight-year-old boy who spent a lot of time, while fighting cancer, thinking about how Amazon makes it all work, seeing that system up close and personal on a recent trip was a dream come true. [More]

Prayitno

150 Employees Laid Off At Abercrombie & Fitch Headquarters

Another youth-focused retailer is showing signs of trouble, the apparent result of teens no longer shopping at malls. Abercrombie & Fitch laid off 150 employees at its New Albany, OH, headquarters this week. [More]

Phillip Pessar

Wet Seal Closing All Stores, Still Hasn’t Filed For Second Bankruptcy

Two years after its first bankrutpcy, teen clothing retailer Wet Seal was reportedly considering a second one if it couldn’t find investors or a buyer. Instead, the retailer will lay off its 148 headquarters employees and close its 171 remaining stores. [More]

Ryan Dearth

Marijuana Companies Trading Stoner Slang For Mainstream Branding

Have trouble asking for an ounce of Purple Kush or Atomic Haze without feeling like the kind of stoner who would brag to his baked buddies about scoring some dank bud? Don’t worry, corporate branding is coming to save the day with acceptably bland product names. [More]

CrzysChick

Has Amazon Helped Indie Bookstores?

Bookstore chains like Borders and Barnes & Noble were among the first retailers to feel the sting of Amazon, with its vast variety of titles and speedy delivery times, not to mention its huge share of the ebook market. However, the online goliath doesn’t appear to be having the same diminishing effect on the number of independent bookstores. [More]

Nicholas Eckhart

Sports Authority Customers Are Shopping Somewhere, Not Sporting Goods Stores

Where did Sports Authority’s customers go? The sporting goods retailer filed for bankruptcy almost a year ago, closing all of its stores by the end of the summer. However, other retailers in this sector are puzzled because the Sports Authority customers who, in theory, should have taken their business to the competition have apparently just stopped buying sporting goods. [More]

Mike Mozart

Report: Target Creating Its Own Mobile Payment System

If you don’t carry around a bunch of cash or your credit cards, you might be among the throngs of people who instead opt for a mobile-payment system, whether it be Apple Pay, Android Pay, Chase Pay, or any of a number of store-specific apps. Now there will soon be another choice on the market, as long as you’re shopping at Target, that is.  [More]