April 07, 2017
Rue21 to File For Bankruptcy This Month
The rumor mill is churning, and it’s saying that Rue21 is preparing itself to file for bankruptcy later this month. While the company is working with lenders on its forbearance...
March 31, 2017
Splashlight Partners With Looklet On Fashion Photo Automation
For retailers, keeping pace with consumer demand on eCommerce and social media is no small task and often requires the aid of the latest technology and automation. This need extends...
March 23, 2017
Macy’s New CEO May Be The Lifesaver It Needs
To say it’s been a rough couple of months for retail main staple Macy’s would be an understatement at this point. Starting back in January, we reported on the 150 planned...
March 15, 2017
Is Hudson’s Bay Going To Buy Neiman Marcus?
Without a doubt, 2017 has been a difficult year for department store brands. Macy’s, Sears, and J.C. Penney have all reported ongoing struggles with shrinking foot traffic, declining same-store sales...
February 22, 2017
Macy’s Manages An Earnings Beat — But Performance Is Still...
Though there is plenty to be concerned about in Macy’s latest round of earnings, the report was not entirely absent good news. Earnings did manage to eek out a beat...
February 16, 2017
Bargain Sale: Moosejaw Sells To Walmart For $51M
Walmart continues its eCommerce shopping spree, this time with the purchase of fast-growing outdoor gear retailer Moosejaw for $51 million. The deal comes only a few weeks after Walmart bought online...
January 23, 2017
PYMNTS Daily Data Dive: Closing Malls
Shares of mall companies fell earlier this month after the announcement by Sears Holding Corp. that it will close as many as 150 stores over the next few months. Bloomberg...
January 17, 2017
Macy’s Chief Growth Officer Forced Out After 34 Years
After working with the company for 34 years, Macy’s Chief Growth Officer Peter Sachse is being forced to move along. Sachse, who was in the position for just under a...
January 11, 2017
Walmart To Cut Hundreds Of Jobs
Walmart is cutting back on its staffing at its headquarters and regional offices as it attempts to scale back its costs. Most of those cuts will reportedly be coming from...