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  • J.C. Penney to close stores as part of restructuring; names Ackman to board

    Dallas -- J.C. Penney on Monday unveiled a restructuring plan, which includes close five department stores and one home store, because they are no longer profitable enough. The retailer named William Ackman to its board after the activist investor became its biggest shareholder

  • Coldwater Creek shuffles executives

    SANDPOINT, Idaho – Coldwater Creek has named a new president and chief merchandising officer.

    Jill Brown Dean will replace Georgia Shonk Simmons, who announced her intention to retire.

    Dean, who most recently served as president of Limited Too's tween brands division, will join the apparel brand on Feb. 14.

    In related news, Jerome Jessup, currently EVP, creative director at the brand, was promoted to president and chief creative officer.

  • Online traffic down, but holiday sales set record

    Online sales soared to new heights this past holiday season even though major retailers had a tough time attracting traffic during December. For example, Target.com during December had 37.3 million unique visitors which sounds like a lot and was enough to earn it the 30th ranking on comScore’s top 50 Web properties report released this week.

  • Tommy Bahama to open first NYC store in historic landmark building

    New York City -- Real estate firm The Feil Organization announced Friday that Tommy Bahama has signed a groundbreaking lease for the opening of its first Manhattan store at 551 First Avenue at 45th Street.

    The Seattle-based chain signed a 12-year lease agreement and will occupy 8,500 sq. ft. on the ground, mezzanine and basement levels of the renowned art deco Fred F. French building that is owned and managed by The Feil Organization.

  • Delhaize to spend $1.21 billion on new stores

    Belgium -- Belgian supermarket operator Delhaize Group said Thursday it plans to spend $1.21 billion opening new stores and remodeling existing outlets.

    According to a report by Wall Street Journal, Delhaize, which operates mainly under the U.S. Food Lion, Hannaford and Sweet Bay banners, is making the investments despite a fourth quarter same-store sales decline of 0.8%.

  • H&M leases space for new store at The Forum in Carlsbad

    Newport Beach, Calif. -- Grubb & Ellis Co. said Friday that H&M has leased 19,600 sq. ft. of retail space at The Forum in Carlsbad. 

    The retailer signed a 10-year lease for the space, which includes a portion of the second level of The Forum. The company will take the majority of the space currently occupied by Borders Direct LLC, which is expected to vacate in spring 2011. 

    The retailer, which plans to open its Carlsbad location in summer 2011, now has 2,200 stores in 38 countries.

  • Study: Majority of Americans negatively impacted by dirty stores

    Cincinnati -- A survey released Thursday by Cintas Corp. found that 99% of U.S. adults say poor cleanliness negatively impacts their perception of a retail store.

    In the telephone survey conducted by Harris Interactive among more than 1,000 U.S. adults ages 18 and older, respondents said that dirty restrooms and unpleasant odors are more annoying than poor customer service.

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