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Strategy

  • Macy's to close as many as 40 stores

    In the name of optimizing its omnichannel approach, Macy's said it plans to close between 35 and 40 department stores at undisclosed locations in early 2016 while moving ahead with expansion of its off price format.

  • Online services network taps former Best Buy exec as CEO

    Indianapolis – With retailers like Amazon.com entering the online services market, online services network Angie’s List is tapping a veteran retail e-commerce executive to run the company.

    Scott Durchslag, who served as president of e-commerce and global marketing at Best Buy from 2012-2014, has joined Angie’s List as president and CEO.

  • Ex-Best Buy CEO to lead home services site

    Now that retailers such as Amazon.com are entering the online services market, Angie’s List is looking to fortify its executive ranks by tapping a veteran retail e-commerce executive to run the company.<br style="box-sizing: border-box; margin: 0px; padding: 0px; max-height: 100000px; color: rgb(54, 54, 54); font-family: open_sansregular, Arial, Helvetica, sans-serif; font-size: 14px; background-color: rgb(2

  • RILA: DOL overtime proposal creates enormous burdens for employers

    Arlington, Va. -- The Retail Industry Leaders Association issued a strenuous objection to what it called the Department of Labor’s “flawed” overtime proposal.

  • Macy’s to close 35 to 40 stores

    Cincinnati -- The ax fell at Macy’s on Tuesday.

    In the name of optimizing its omnichannel approach, Macy's said it plans to close between 35 and 40 namesake stores in early 2016 even as its moves ahead with expansion of its new off price format, Macy’s Backstage.

  • Sears protects pension fund

    Hoffman Estates, Ill. – Sears Holding Corp. is protecting the assets of its pension fund following the creation of its Seritage Growth Properties real estate investment trust (REIT).

    The company has entered into a five-year agreement with Pension Benefit Guarantee Corp. (PBGC) to guarantee that it will continue to make required contributions to the fund.

  • Tween, teen fave going really big in Philadelphia

    Philadelphia – Five Below is opening its largest location to date, in its home city of Philadelphia.
     
    The extreme-value retailer, which targets tweens and teens with goods priced at $5 or less, will open a two-story, 13,000-sq.-ft. store next to its headquarters on Thursday, Sept. 10.

  • Five Below opening flagship in Philly

    Five Below is opening its largest location to date in its hometown.

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