Best Buy lays off hundreds at stores as sales move online
Best Buy has made a string of store-level job cuts over the past two years as competition from online retailers has continued to erode sales in its physical stores.
Walmart rolling out 'upscale' stores with new designs, upgrades
Walmart is reimagining it's stores with updated technology, interactive design, and a better customer experience.
Lowe's CEO: Physical stores are 'biggest central competitive advantage' in retail
Lowe's CEO Marvin Ellison said that physical stores are the "biggest central competitive advantage" that retail companies can have in today's environment.
Victoria’s Secret CEO Amy Hauk exits amid 'woke' controversies
Victoria’s Secret brand CEO Amy Hauk will resign after just eight months running the lingerie giant.
Biggest US retailers charter private cargo ships to sail around port delays
Global supply-chain delays are so severe that some of the biggest U.S. retailers have resorted to an extreme—and expensive—tactic to try to stock shelves this holiday season: They are chartering their own cargo ships to import goods.
The pandemic has sparked a book craze — and Barnes & Noble is cashing in
Thanks to the pandemic, a surprising number of consumers are once again devouring books — in print — and Barnes & Noble is cashing in.
California eyes shuttered malls, stores for new housing
California state lawmakers are grappling with a particularly 21st-century problem: What to do with the growing number of shopping malls and big box retail stores left empty by consumers shifting their purchases to the web.
Americans update their closets as they emerge from pandemic
After a year of being stuck in sweatpants, pajamas and fuzzy slippers, Americans are starting to dress up and go out again.
Bath & Body Works staying strong with cult-like following
Bath & Body Works made headlines this week for a slugfest caught on camera between a customer and store employees. While the video has gone viral, the attention it has received overshadows the enduring appeal of the store itself – even as shopping malls are dwindling across the U.S.
Best Buy eyes worst days for some workers
Best Buy Co. notified workers this week that it was cutting some jobs at its big box stores, according to people familiar with the situation, as the retailer adapts to a world where more shopping happens online.
At least 10,000 retailers in 2021 will close: report
It appears that the retail apocalypse, further accelerated by the coronavirus pandemic, will continue in 2021.
Over 20 charities unite during pandemic through unique philanthropic program
NEST, a national integrated facilities management company, donated $70,000 to more than two dozen select charities to help bolster their services to the needy amidst the coronavirus pandemic.
How COVID will affect Black Friday, holiday sales and the future of retail: Ex-Nordstrom executive
COVID-19 has flipped the interactive retail model upside-down.
Pandemic ‘nesting’ isn’t enough to revive Victoria’s Secret
Bath & Body Works posted a 55% jump in quarterly sales as the coronavirus fueled demand for soap and hand sanitizer, helping its parent company offset another quarter of declining sales at its Victoria’s Secret lingerie brand.
GameStop’s new billionaire investor pushes for digital sales, fewer stores
Shoppers are spending more than ever on videogames, and one of GameStop Corp.’s biggest investors says the struggling retailer should get a bigger piece of the pie.
Simon Property, Taubman agree to revise merger deal
The companies have agreed that Simon will pay $43 a share for Taubman under the new deal, they said Sunday. That is down from the original price of $52.50.
Even in pandemic, American shoppers like visiting stores
Curbside is key to preserving jobs in retail, even if sales floors evolve into mini-fulfillment centers.
H&M fined $41M for tracking workers’ personal lives using company database
H&M has been fined more than $41 million for allegedly tracking hundreds of employees’ personal lives on a company database.
Pandemic pushes start of holiday shopping earlier than ever
Black Friday has long been the unofficial start to the U.S. holiday season, though retailers have been pushing holiday shopping earlier for the last decade or so. This year there’s more urgency.
Mall of America gives free space to businesses affected by pandemic, riots
The largest mall in the United States is opening a dedicated retail space to businesses encumbered by the pandemic and unprecedented civil unrest in the wake of George Floyd’s death.