Strategy

Shopping malls have been an important part of people’s lives for decades. However, the current state of the retail industry demands they reinvent themselves in order to stay relevant and survive.

GameStop took a sales hit in the third quarter but expects positive comparable store sales and profitability in the fourth quarter amid demand for the highly anticipated release of new game consoles. 

Lowe’s Cos. unveiled a new “total home” strategy designed to gain share in the $900 billion home improvement market and drive bigger sales in the pro-business, e-commerce and installation services.

The COVID-19 pandemic will boost convenience retail, with a strong consumer appetite for health products and high in-store safety expectations.

Retailers across the country are looking for ways to improve their HVAC systems and internal air quality in response to the COVID-19 pandemic. 

Socially distant shopping presented American malls with traffic patterns they hadn’t seen before and most likely won’t see again, according to Placer.ai’s tracking of nine of the nation’s most visible centers.

We spent some time with Excess Space Retail Services’ president, Michael Wiener, to lay out what opportunities now present themselves to retail chains.

Starbucks Corp. tapped finance exec Mellody Hobson as the company’s next non-executive chair, making her the only Black woman to chair a Fortune 500 company.