sales

eggrole

Some Marijuana Dispensaries Pull Pot Possibly Contaminated With Pesticides

Following reports that a variety of products sold at California medical marijuana dispensaries may be contaminated with potentially dangerous pesticides, a number of pot shops in the state have begun to stop selling these items. [More]

Joachim Rayos

Retail Continues To Suffer As Sales Decline For Second Month In A Row

For the first time in nearly two years, retail sales declined two months in a row, highlighting once again the current challenges facing a retail industry that has suffered a number of bankruptcies and store closures so far in 2017. [More]

saguarosally

JCPenney Postpones Store Closings Because People Are Shopping There Again

Two months after JCPenney announced it would shutter 138 stores across the country amid falling sales, the company says it is delaying those closings as customers have apparently started shopping with the retailer again.  [More]

Nicholas Eckhart

Report: Panera Looking At Possible Sale To Starbucks, Domino’s, Others

Want a Panera sandwich with a Starbucks coffee? Right now, you’ll have to go to two different stores, but in the future they could be one and the same: Panera is reportedly looking for a buyer, and the coffee giant is apparently on the shortlist.  [More]

kaleidoscopist

Here’s How Macy’s Is Trying To Lure Shoppers

Despite the closure of dozens of stores and an all-but-dead takeover deal, Macy’s isn’t quite ready to throw in the ol’ retail towel. Instead, the company is focusing on the future, implementing new services, revamping store features, and revising coupons in a bid to bring in shoppers.  [More]

maulleigh

GameStop Closing At Least 150 Stores This Year Amid Falling Sales

Efforts by GameStop to drum up business — through the phenomenon that was Pokemon Go and diversifying its portfolio by acquiring more than 500 new AT&T dealer stores — were no match for consumers’ changing preference for digital downloads over physical copies. To that end, the struggling retailer will close at least 150 stores by the end of the year.  [More]

Kavita Kumar

Would You Want To Know Your Engagement Ring Was Bought At 70% Off?

This weekend, the Macy’s store in downtown Minneapolis closed for the last time. Yet one of the clearance items shared by a local reporter visiting the store caught our eye. A shelf of engagement rings marked 70% off made us wonder: Would most people want to know if their engagement ring had been one of the last jewelry counter dregs at a store-closing sale? [More]

Mike Matney

Ruby Tuesday Seeking Buyer, Merger Partner After Continued Declining Sales

Last summer, Ruby Tuesday revealed plans to close nearly 100 underperforming stores as part of the chain’s “Fresh Start Initiative” that aimed to turn around slumping sales. Those efforts apparently haven’t been as successful as the restaurant brand would have liked, and now it’s looking to sell itself instead. [More]

Oculus Closing 200 Best Buy Demo Stations Over Slower Traffic

Oculus Closing 200 Best Buy Demo Stations Over Slower Traffic

Facebook’s Oculus had been hoping to win wary customers over to the idea of virtual reality by setting up hundreds of pop-up demo stations inside Best Buy stores around the country. Turns out, folks may not be all that interested, so Oculus is shutting down about 40% of these in-store test drive locations.  [More]

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]

C_Dubyaa

Chipotle’s Sales Suffer In Latest Quarter…. Because Of Avocados?

Chipotle’s sales fell in the last quarter of 2016, and the company is no longer blaming the less-than-stellar performance on its inability to bring back customers after its very public bout of food borne illness issues. Instead, the falter is the result of spending too much money on ads, promotions, and avocados.  [More]

Jeepers Media

How Do Some Retailers Succeed While Ignoring The Internet?

Shopping online: it’s convenient for customers and brings in big bucks for retailers. But not everyone is jumping at the chance to sell their goods on the internet. HomeGoods and Marshall’s don’t have websites filled with products and TJMaxx has a sparsely filled online platform, and they appear to be doing just fine, thank you very much.  [More]

Michael Kalus

American Apparel To Liquidate Nine Stores Ahead Of January Auction

Two weeks after American Apparel confirmed it could lay off 3,500 workers as part of its second bankruptcy go-around in two years, the company received approval to liquidate nine stores by the end of the month.  [More]

Mike Mozart

Former JCPenney CEO: Sales Have Become A Cancer

Just days after JCPenney handed out a very limited number of $500 coupons to lure shoppers to stores on Thanksgiving, the retailer’s former CEO made it clear that he believes that similar promotions and sales could ultimately harm department stores.  [More]

Office Depot Allegedly Diagnosing Computers With Nonexistent Viruses To Meet Sales Goals

Office Depot Allegedly Diagnosing Computers With Nonexistent Viruses To Meet Sales Goals

Retailers upselling customers on services they don’t need is nothing new, but a new report claims that some Office Depot employees are falsely claiming computers are infected with viruses in order to meet sales goals. [More]

Nicholas Eckhart

JCPenney Handing Out $500 Coupons To Lure Shoppers On Thanksgiving

Even though JCPenney is starting its Black Friday sales online next Wednesday, the retailer is still hoping it can convince some folks that they’d rather be shopping in physical stores on Thanksgiving than spending time with loved ones/taking turkey-induced naps by offering up coupons worth $500 off to the first people to come through the doors. [More]