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Department Store

  • Study: Brick-and-mortar retailers feel Prime Day fallout

    Prime Day 2017 was Amazon’s biggest event yet. But the shopping marathon took a significant toll on brick-and-mortar traffic.   

  • Teen apparel retailer names new finance chief

    The search is over.    The Buckle named Thomas B. Heacock as VP of finance, treasurer and CFO, effective July 20. As CFO, he replaces Karen B. Rhoads, who in May announced her intention to retire. Rhoads will assist in the transfer of her duties and responsibilities to Heacock, and will continue to serve as a member of the company’s board.   

  • Brand standards for a brave new retail world

    Formula. Format. Familiarity. The retail recipe is tried and true, based on brand dress and standards developed over years and, often, decades. Standards meticulously define everything from the logo to the physical layout of stores. Storefronts, where the visual expression of the brand identity is most evident and most essential, is especially prescriptive. A Barnes & Noble in Miami looks the same as a Barnes & Noble in Minneapolis.   

  • Department store giant’s annual anniversary sale goes digital

    Nordstrom is putting a modern spin on a 50-year-old tradition.   The Nordstrom Anniversary Sale — an event that launched in the 1960s — is stepping up its digital game this year. To drive customer engagement throughout the two-week event which kicks off on July 21, the department store giant teamed up with Snapchat to create a custom lens that features accessories that will be highlighted during the Anniversary Sale.   

  • Online giant in deal with unlikely retail partner

    Amazon is staking a claim in the appliance market in a big way in a partnership with Sears Holdings.   The embattled retailer announced it will sell its prized Kenmore-branded appliances on Amazon. The deal opens the way for the broadest distribution to date of Kenmore products outside of Sears stores and its websites. Distribution will be nationwide, and Sears Home Services and Innovel Solutions units will provide delivery, installation, and other services.  

  • Study: Majority of back-to-school shopping will happen in-store

    Consumers are in search of the latest back-to-school deals and experiences — and hitting their local shopping centers to find them.   This was according to the annual “ICSC Back-to-School Spending” survey. The report from the International Council of Shopping Centers (ICSC), which was conducted between July 6-July 9, is based on a sample of 1,010 U.S. adults, 18 years of age and older.   

  • Analysis: Amazon-Sears deal ‘smart move’

    Greg Portell, lead partner in the retail practice of global strategy and management consulting firm A.T. Kearney:   

  • PREIT’s version of ‘That’s Entertainment’

    Dining and entertainment square footage continues to replace that of department stores in PREIT’s mall portfolio.   Last week the Philadelphia-based developer announced that it had signed leases to fill vacated Sears space at two of its properties. Five Below and an unnamed off-price furniture retailer will join Burlington in the former Sears at the Magnolia Mall in Florence, South Carolina.   
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