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  • New CEOs to Watch in 2017

    The past year brought with it seismic shifts as the retail industry continued to adapt to the evolving digital landscape and changing shopping habits. It also brought with it a changing of the guard, as many companies anointed new leaders to steer their ships in a transformed marketplace.    Here are six newly arrived (or soon to arrive) CEOs to keep an eye on in 2017:    Jeff Gennette, Macy’s Inc.

  • Amazon Prime Video makes big global expansion play

    Amazon Prime Video just made a massive move expanding its global reach.   The pure play’s video streaming service is now available in 200 countries, including The United States, the United Kingdom, Germany Austria, France, Canada, Japan, and other major markets, including India — a move that allows it go toe-to-toe with its biggest streaming competitor, Netflix.   

  • Softness in electronics hits Toys ‘R’ Us in Q3

    Toys "R" Us Inc.’s sales fell in the third quarter amid weakness in the electronics and entertainment category.    The company reported a loss of $156 million for the October quarter, compared with a loss of $167 million in the year-ago period. The latest period included a net gain of $45 million related to the sale of its FAO Schwarz brand.   Revenue fell 2.3% to $2.28 billion, from $2.33 billion in the year-ago period.    

  • Owner of Famous Footwear acquires made-in-the U.S. footwear retailer

    Allen Edmonds, the nearly 100-year-old men’s footwear and accessories brand whose products are handmade in Port Washington, Wisconsin, has a new owner.   Caleres announced it has acquired Allen Edmonds from private equity firm Brentwood Associates for $255 million. In addition to operating stores under the Famous Footwear banner, Caleres has a diverse portfolio of footwear brands.  

  • Sears Canada banks on a new category to boost sales

    To inject new life into its struggling chain, Sears Canada is hopes its newest venture will lure in shoppers — especially foodies.   A new partnership with two specialty supermarket operators is enabling Sears Canada to run high-end markets at dedicated locations. The chain is banking on grocery shoppers’ frequent store visits to bolster store visits, Canadian Grocer reported.  

  • Analysis: Neiman Marcus’ debt burden ‘completely unsustainable’ for firm of its scale

    Neil Saunders, CEO of Conlumino, comments on Neiman Marcus’ first quarter results below:  

  • Lowes Canada gives update on acquisition

    Lowe's Canada has made some strides since it acquired RONA Inc. in May.   At the time, the company had made a number of promises to RONA stakeholders, including that it would maintain RONA's multiple retail banner strategy, its local and ethical procurement strategy, and the vast majority of its employees and senior executives. It also promised to enhance distribution services to affiliate dealers, among other things.  

  • Ulta Beauty CEO on company's growth and vision

  • Sears swaps discounts for donations

    Sears is taking the saying, “it is better to give than to receive” to heart.   Coinciding with its “Season of Wishes” holiday campaign, the department store chain is rewarding shoppers at Sears Hometown and outlet stores who donate $5 to Make-A-Wish with a “Very Merry Santa Sale” pass for an extra discount between Dec. 15 and Dec. 24.   

  • Four promoted at Mid-America

    Four senior executive promotions have been announced by Mid-American Real Estate Corporation.   Brian Adams, Greg Bayer, and Willie Hoag have all been named principals at the Oakbrook, Illinois-based company, a real estate services company that also operates in Michigan, Minnesota, and Wisconsin. Peter Scannell has been promoted to senior VP.  
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