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Strategy

  • Nordstrom rolls out campaign to attract young fashionistas

    Nordstrom is launching a new national marketing campaign withprint, digital and video components as the retailer seeks to improve its connection with younger customers.

  • RCS real estate advisors retained by Hancock Fabrics

    New York -- RCS Real Estate Advisors announced it has been retained by Hancock Fabrics, debtor-in-possession, to generate value for the estate through the sale of leases. RCS Real Estate Advisors senior VP Spence J. Mehl made the announcement.

  • PriceSmart offers unconventional reason for comp decline

    It’s been quite common of late to hear retailers cite warm weather and intense competition as sources of sales weakness, but the prize for originality goes to PriceSmart after the warehouse club operator reported a January same-store sales decline.

  • Lululemon redefines transparency with 'Lab' store format

    Lululemon Athletica will open the first U.S. outpost of the brand’s design incubator “lab” format in downtown Manhattan, in March.

    It’s only the second location for the unusual concept. The first, opened in 2009, is in the company’s hometown of Vancouver, British Columbia.

  • Acquisition creates first national bedding chain

    The nation’s two leading mattress specialty firms are one.

    On Friday, Mattress Firm completed its $780 million acquisition of rival Sleepy’s. The combined company will have annual sales of over $3.6 billion through approximately 3,500 retail locations in 48 states.

  • Expectations run high at Home Depot's pro desk

    The Home Depot is planning (conservatively, it says) to be a $100 billion retailer in 2018 – growing by $13 billion, or the equivalent of 357 stores, without any major change of its footprint.

    Where’s growth going to come from? A lot of it from the pro customer, who currently makes up only 4% of Home Depot’s customers, but account for about 35% of total sales. Clearly, this is a customer with clout.

  • JCPenney considering sale of headquarters

    JCPenney is pursuing a possible sale and partial leaseback of its headquarters building in Plano, Texas, as part of an ongoing effort to reduce debt and manage expenses.

    The company announced Friday that a combination of favorable market conditions and a surplus of available square footage within the building make this an attractive real estate opportunity.

  • Party City extends the celebration online

    Party City Holdco Inc. is looking to broaden its e-commerce reach.

    The 900-store, vertical operator of the Party City and Halloween City party goods chains is launching a new e-commerce partnership with Staples Inc. Products manufactured and sourced by Party City will be merchandised and sold on Staples.com.

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