News

Target donates $10 million to social justice, rebuilding efforts
Target Corp. had pledged $10 million to social justice organizations and also to community rebuilding/recovery efforts in the wake of the death of George Floyd in the company’s hometown of Minneapolis.
Caleres posts Q1 loss; sales at reopened Famous Footwear stores ahead of last year
Caleres Inc., whose brands include Famous Footwear, Sam Edelman, Allen Edmonds and more, posted a wider than expected first-quarter loss.

Kroger confirms three new locations for next-gen fulfillment centers

The Kroger Co. is bringing its leading-edge automated warehouse facilities to three different regions of the U.S.
Exclusive Q&A: 7-Eleven overhauls customer support operation

The world’s largest convenience store retailer is modernizing its customer experience architecture.
Here are the 154 Penney stores that will soon close

J.C. Penney Co. has identified the first wave of its store closures.
Brooks Brothers reportedly seeking financing for possible bankruptcy

One of the country’s oldest apparel retailers may be moving closer to bankruptcy.
JLL: Retail vacancy to hit high of 5.7% in 2021; return to pre-COVID levels in 2024

Approximately 60% of retailers reported that they could not pay April rent, with many asking for three months of rent abatement—and several claimed they could not pay rent until stores reopened.
Victoria’s Secret U.K. division files for protection against creditors

The British arm of Victoria's Secret has fallen into administration, which is the equivalent of a bankruptcy proceeding in the U.S.
GameStop warns of big sales drop; 30 stores extensively damaged in recent unrest

GameStop Corp. said it expects first-quarter sales to drop by as much as a third as the majority of its stores were shuttered due to the pandemic.
Surviving the ‘new abnormal’ with leading-edge technology

2020 has been a year like no other, but retailers can maintain “normal” operations by deploying the right solutions.