Skip to main content

Seasonal

  • Report: Layoffs at Toys ‘R’ Us

    Toys “R” Us is the latest company to downsize its workforce.   The toy retailer laid off between 10% and 15% of the employees at its Wayne, New Jersey headquarters — approximately 250 jobs — on Friday, Feb. 17, Forbes said.   

  • Happy Presidents’ Day

    Chain Store Age will be closed on Monday, Feb. 20, in observance of Presidents' Day. We will reopen and resume our normal schedule on Tuesday, Feb. 21. 

  • Commentary: Some red flags in January sales results

    The year kicks off with a respectable set of retail sales numbers that show continued momentum in the consumer economy. The overall growth rate of 4.9% is a little way above the average monthly growth rate of 3.3% recorded in 2016, something that will give retailers some cheer as they head into 2017.  

  • More bad news for department store sector — from Moody’s

    A less than stellar holiday season for U.S. department stores has led Moody's Investors Service to revise its forecasts downward for the sector's operating income.   In its new report, the rating agency said it now expects 2016 aggregate operating income to decline 18%, rather than 11%, and for sales to also decline in the year ahead.  

  • Fast-food brand launches online wedding registry for pizza-loving couples

    The wedding industry’s newest gift registry is being launched by an unlikely company — Domino’s Pizza.   The service, which is called the first registry “for couples that prefer delicious melty cheese to crystal gravy boats,” according to Domino’s website, targets couples unsure about what to serve at pre-, during or post-wedding festivities.  

  • Check out Barneys’ new window displays

    Just days after it named its first-ever female CEO, Barneys is devoting the window displays at its uptown and downtown Manhattan flagships to an initiative celebrating women’s empowerment.   The windows are part of a new campaign launched by the Barneys New York Foundation, the charitable arm of the luxury specialty retailer. Entitled “We Will Be,” the initiative will run through the end of February to coincide with New York Fashion Week.   

  • Specialty game retailer files Chapter 11

    Apparently mind-challenging games and puzzles weren’t big on holiday lists last year.   Marbles: The Brain Store has filed for Chapter 11 bankruptcy protection, with plans to close its 37 stores, reported The Chicago Tribune. In its filing, the Chicago-based retailer cited a "dramatic downturn" in its 2016 holiday business that left it short on cash.   

  • Gap surprises in January

    Gap Inc. reported higher than expected sales for January and the fourth quarter, fueled by strong increases at Old Navy.    The retailer reported that net sales for the four-week period ended January 28, 2017 increased 2% to $828 million.    Total same-store sales for the month rose 1%, led by a 3% gain in the namesake brand and a 2% increase at Old Navy. The ailing Banana Republic continued to slump, with a 4% decrease.   
X
This ad will auto-close in 10 seconds