sales

Mike Mozart

Target Still Hopeful For Turnaround As Its Shoppers Spend Less At Store

Americans are still shopping at Target, but they aren’t buying as much as they did before. That’s a huge problem for the retailer, which claims to have some tricks up its sleeve to turn things around. [More]

Will

6 Things We Learned About Walmart’s Love-Hate Relationship With Online Sales

Despite decades of being the biggest name in bricks-and-mortar retail, Walmart has yet to repeat that success online. The company recently went on an e-commerce buying spree — snapping up Jet.com, ModCloth, MooseJaw, ShoeBuy, and possibly Bonobos — but will that be enough to compete with Amazon? [More]

Nicholas Eckhart

In Battle For Supermarket Shelf Space, Big Brands Losing Ground To Fresh Food

For decades, your typical supermarket had one wall of produce,  and a corner deli counter, with the core of the building given over to boxed, canned, and bottled products from recognizable brands. But as grocery stores revamp stores to attract shoppers looking for fresher food, companies like Kraft, Mondelez, and Kellogg are losing ground. [More]

C_Dubyaa

Chipotle Reveals Payment System Data Breach (Will Also Start Selling Dessert)

Burrito chain Chipotle is just beginning to rebound after a number of high-profile food borne illnesses, but last night the company revealed a bit of not-great news: Its payment system was hacked for several weeks. [More]

New Big Macs, Cheaper Drinks Help Boost McDonald’s Sales

New Big Macs, Cheaper Drinks Help Boost McDonald’s Sales

Last year, McDonald’s had all-day breakfast to thank for a boost in sales, beating earning expectations. Now, the company has its three sizes of Big Macs and cheaper drinks to hang its fatter wallet on. [More]

Nicholas Eckhart

Bankrupt Gander Mountain Could Have A Buyer, Allowing Stores To Stay Open

When specialty sporting goods retailer Gander Mountain recently went bankrupt, the future of the company’s physical locations was in doubt. Now comes a report that there may be a buyer for Gander Mountain that could keep some of the chain’s stores open. [More]

Phillip Pessar

Bebe To Close All 180 Stores; Future Plans Uncertain

The rumors that women’s clothing retailer bebe might exit the mall and go online-only were apparently true, as the company has announced plans to shutter all 180 of its stores this spring. [More]

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]