Depending on who you ask, estimates of the number of retail stores that will close in 2017 range from 7,000 to 10,000. Given the retail climate, the number of new store openings is likely to be much lower. If you walk in almost any shopping area now, you see vacancies. They’re an eyesore, they make […]
The retail industry’s international expansion slowed a bit in 2016 from its strong pace of a year earlier as retailers adjusted to e-commerce and shifting exchange rates, according to CBRE Group Inc.’s 10th annual study of international retail expansion.
Coach and Kate Spade have long been the affordable luxury brands of choice for the aspirational shopper. From Coach’s embossed logo and leather handbags to Kate Spade’s kitschy, colorful accessories, their products lured buyers who wanted a taste of fashion without the sharpest edges — or the highest cost.
Walmart and Target try to win customer loyalty based on an “everyday low price” business model. And now it looks like the prices from both retailers are going even lower. Walmart sells more groceries than any other supermarket in America, and the company is pushing a broad price-cutting initiative to ensure it stays on top […]
The U.S. economy expanded at a slower pace in the fourth quarter, as previously reported, and appeared to remain on a moderate growth path as President Donald Trump took office with a promise to reinvigorate manufacturing and protect jobs.
Target announced plans Tuesday to cut prices while hanging on to aspects of the “Tar-zhay” image that’s endeared it to customers. The retailer has made good progress rolling out new brands, tailoring stores to local markets and improving Target’s ability to cater to customers shopping both online and in stores, but it’s clear from their […]
It’s a tough time to be a retailer in the U.S. And in a recent report, analysts at S&P Global Ratings said that 2017 could be a “tipping point” for the struggling industry as financial outlooks — particularly for apparel retailers — grow increasingly bleak.
Yesterday, Target became the latest retailer to report weak earnings and shrinking physical store sales. They certainly won’t be the last. As more leading retail brands disappoint on both the top and bottom lines–and announce scores of store closings–analysts and investors may conclude that brick-and-mortar retail is going they way of the horse-drawn carriage.
At some point, almost every retailer will face a public relations episode that requires attention. Experts say that learning how to respond — and how not to respond — can turn a bad situation around.
At 11 p.m. last Thanksgiving, shortly before Thursday became Black Friday, the crowds were thick at Macy’s massive flagship store in Manhattan. Some 16,000 people had lined up around the block to kick off the biggest shopping weekend of the year. Five hours after the doors opened, they were still going strong.
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