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Department Store

  • Report: Department store retailer hires turnaround firm

    The Bon-Ton Stores Inc.'s struggles may be catching up with it.  

  • Enter the Daily Needs Mall

    You’ve read the news: More and more spending is moving online and retailers that have not been able to adapt are falling by the wayside. E-commerce accounted for 8.9% of all retail spending in early 2017 and has nearly tripled its share of overall retail spending since 2008.    

  • Casper extending reach into brick-and-mortar

    Online mattress start-up Casper is getting more upfront with shoppers.   The fast-growing company plans to open some 15 pop-up shops in cities across North America, including New York, Los Angeles and Chicago. The pop-ups are scheduled to launch in October 2017, and will remain open through spring of 2018.  

  • Report: Alibaba to open a physical mall in China

    An e-commerce giant is making a big push into the brick-and-mortar world.    Alibaba, China’s largest online sales platform, is building its own shopping mall, with a goal of enriching the real-world shopping experience with technology and convenience, reported MarketWatch.  

  • Delivery wars heat up as two more retailers expand same-day services

    Best Buy and Macy’s are stepping up their same-day delivery efforts as they continue to bolster their defenses to compete with Amazon and other rivals.    Best Buy announced on Thursday it is expanding its same-day delivery of online orders from 13 metro areas to 27, with more to come. The retailer expects that customers in nearly 40 cities will be able to take advantage of service for the holiday selling season.  

  • Online home brand opens first store at Short Hills

    Boll & Branch, until now an online-only seller of towels and linens, has opened its first brick-and-mortar location at the Short Hills Mall in New Jersey.   Claiming to sell the “World’s Most Comfortable Sheets,” Boll & Branch also offers towels and will inhabit a 2,137-sq.-ft. shop at the high-end, suburban mall known as one of the few to house Nordstrom, Neiman Marcus, Bloomingdale’s, and Macy’s under one roof.  

  • Retail Revolutionized: Three ways to profit from artificial intelligence

    Whether we’re receiving coupons based on our spending, or product suggestions based on other people’s spending, artificial intelligence (AI) is transforming how consumers shop and experience brands. For retailers, meanwhile, AI could increase profits by almost 60%1. It could be a game-changer in this labor-intensive sector, augmenting the workforce and enabling employees to become more productive.  

  • Footwear giant puts best foot forward in Q2

    The parent company of such brands as Famous Footwear, Sam Edelman, and Allen Edmonds topped the Street in its second quarter, fueled by a strong back-to-school selling season.    Caleres reported that its adjusted net earnings rose 4.4% to $20.6 million. Adjusted diluted earnings a share were 48 cents, which topped estimates of 44 cents.  
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