Channel: Department Stores

Articles about department stores.

  1. Channel: Department Stores

Jason & Scot Show Episode 283 – 2021 Year End Review

A weekly podcast with the latest e-commerce news and events. Episode 283 is a recap the most significant changes to the retail industry in 2021. Subscribe: Apple Podcasts Google Podcasts Spotify Stitcher Podcast RSS SoundCloud TuneIn iHeartRadio Google Play Music Overcast Pocket Casts Facebook ????? It’s our final show of 2021! We recap the US […]
27 min read
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  1. Channel: Department Stores

Holiday Retail 2021 Data Shows Slowing Spend, Earlier Shopping So Far

Key takeaways for holiday retail season 2021 Consumer spending decelerated, while visits exceeded pre-pandemic levels so far this holiday retail season Pre-Black Friday sales at Walmart, Target, Amazon, and others outperformed Cyber-5 as consumers began shopping earlier this year Online sales growth stalled for most retailers, except Walmart, but remained historically high Full holiday performance […]
5 min read
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  1. Channel: Department Stores

GIANT Co. opens its fourth Heirloom Market store

PHILADELPHIA – The GIANT Co. opened its fourth GIANT Heirloom Market on Thursday in Philadelphia’s Fashion District. The new outlet is part of a wave of expansion in the city by GIANT, which opened stores on Columbus Boulevard and in Doylestown earlier this month. The Riverwalk GIANT, the chain’s two-level urban flagship store in Center […]
3 min read
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  1. Channel: Department Stores

JCPenney adding Forever 21 merchandise in stores and online

JCPenney will stock a curated selection of Forever 21 merchandise in 100 of its stores and on jcpenney.com. “Forever 21’s relationship with the Generation Z customer is a perfect alignment for JCPenney, who is also committed to bringing innovation, excitement and fashion to a young consumer that understands the quickly evolving trends in fashion,” said […]
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  1. Channel: Department Stores

Sears failed as a retailer, so it’s trying real estate

Vacant Sears stores are being repurposed for other uses such as apartments and classrooms, in addition to those being utilized for retail businesses. “Sears seemed to have thrown in the towel a long time ago and is now figuring out how to monetize its properties,” said Joseph F. Coradino, CEO of PREIT, a shopping center […]
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  1. Channel: Department Stores

Retailers Slash Holiday Discounts

In the face of rising consumer demand and inflation, retailers are reducing their discounting activity this holiday season. A study of major retailers across Apparel & Accessories, Department Store, Big Box, and General Electronics using Earnest Research Retail Pricing data revealed that most brands pulled back on the percent of their products selling at an […]
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  1. Channel: Department Stores

Saks digital chief says spinoff gives it room to focus

Marc Metrick, CEO of Saks Fifth Avenue, said the decision to split off the retailer’s digital from its physical operations will free up the companies to focus on what’s most important. Mr. Metrick, who is slated to lead the digital unit, said, “A traditional department store has to look at ‘What’s the business doing right […]
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  1. Channel: Department Stores

Thursday Eye-Opener: Why Breaking Up Should Be Hard To Do

by Kevin Coupe The other day I took note of a Wall Street Journal report that “an activist investor is urging department-store chain Kohl’s Corp. to consider a sale of the company or a separation of its e-commerce business.” I commented: Seems pretty clear to me that while it might increase short-term shareholder value, spinning […]
2 min read
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  1. Channel: Department Stores

What’s New & Next For Luxury Retail, with Karen Katz, Steve Sadove and Oliver Chen

This week we’ve got a blockbuster panel featuring three of the most experienced and insightful veterans of the luxury world: Karen Katz (former President & CEO of the Neiman Marcus Group, Steve Sadove (former Chairman and CEO of Saks) and Oliver Chen (Managing director and senior equity research analyst at Cowen and Company).  We cover […]
3 min read
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  1. Channel: Department Stores

Kohl’s Urged To Sell Company, Divest E-commerce Biz

The Wall Street Journal this morning reports that “an activist investor is urging department-store chain Kohl’s Corp. to consider a sale of the company or a separation of its e-commerce business. “New York-based hedge fund Engine Capital LP wants the retailer to examine the two alternatives to improve its lagging stock price, according to a […]
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  1. Channel: Department Stores

Don’t Ignore Macy’s CEO: Physical Retail Is Still Important

Despite big rallies over the past year, mall real estate investment trusts (REITs) have been suffering since around 2016 or so. It’s important to understand the reasons why and even more important to grasp the vital nuances of the big picture. Both of these will help to explain w
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  1. Channel: Department Stores

Organized Theft Causing Retail Employee Tsuris

CNN has an interview with Best Buy CEO Corie Barry in which she says that “theft is a growing problem at the company’s stores — and it is implementing added security measure to safeguard employees and shoppers … Barry said the company is implementing a number of tactics to minimize theft and protect staff and […]
2 min read
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  1. Channel: Department Stores

AGORA taps Mirakl tech for online beauty commerce launch

London-based, social and live shopping platform AGORA has launched a beauty marketplace, powered by SaaS platform Mirakl. The AGORA app allows beauty fans to monetise their talent by creating and sharing live and recorded video content that links directly to products from their favourite brands. In November, the venture will host around 200 shows, with […]
2 min read
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  1. Channel: Department Stores

Holiday Retail 2021 Data Shows More Visits, More Online

Part one of our three-part holiday shopping series—subscribe to receive our upcoming reports. Key takeaways for early holiday retail season in 2021 Earnest Research tracked a 9% YoY growth in total spend activity in the first 10 days of the holiday shopping season Visits to stores were higher than pre-pandemic levels Home spending slowed as […]
4 min read
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  1. Channel: Department Stores

GIANT to add three Philly-area stores in December

CARLISLE, Pa. — GIANT Co. continues its expansion within greater Philadelphia, with three more store openings set for December. The chain, a unit of Ahold Delhaize USA, is set to open a supermarket at 1403 South Christopher Columbus Blvd., at the corner of Reed Street, on Friday, December 3, at 8 a.m. A new Doylestown […]
3 min read
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  1. Channel: Department Stores

Kroger’s Home Chef links with Rachael Ray on meal kits

Kroger’s meal solutions company Home Chef is in the spotlight with a celebrity chef partnership, per a Wednesday announcement. Home Chef has linked up with Rachael Ray on a new line of meal kits available in more than 1,300 Kroger stores and online. The first recipe available under the collaboration is a steakhouse burger with Dijon […]
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  1. Channel: Department Stores

Walmart to buy Alert Innovation

Dive Brief: Walmart has entered a definitive agreement to purchase micro-fullment center (MFC) developer Alert Innovation, according to a Thursday press release. Financial terms of the deal were not disclosed. The retailer is taking over Alert after working with the startup on a multi-year pilot of the company’s robotic grocery order-fulfillment technology, known as Alphabot. Walmart is absorbing […]
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  1. Channel: Department Stores

WSJ: Peloton to Cut 500 Jobs as CEO Attempts a Rescue

Peloton will eliminate 500 jobs in its latest round of layoffs, which began in February 2022 with cuts of 2,800 positions. While the layoffs will be felt companywide, they will heavily impact the marketing department. In an interview with the Wall Street Journal, Peloton CEO Barry McCarthy noted that this recent elimination of approximately 12% […]
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  1. Channel: Department Stores

Tesco warns on profits as online sales drop

Tesco has warned its full-year results will be lower than expected with profits plummeting and online sales dropping by 11.3% as consumers turn to discount rivals. For the six-month period ending 27 August, Tesco posted a 10% fall in underlying retail operating profits to £1.25bn, despite group sales (excluding fuel) rising 3.1% to £28.2bn. Despite […]
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