March 16, 2021
Target Leads ‘Store Within A Store’ Trend As Retailers Show...
When Target announced it was “extending and expanding” its relationship with Apple last month, it was not just about carving out more space to sell more iPhone and iPads, it was about...
March 01, 2021
Can Buy Now, Pay Later Save Physical Retail?
Can buy now, pay later (BNPL) save department stores, and physical retail in general? It’s a bet that some are making as they look to any and all tactics to...
March 01, 2021
Klarna Banks $1B In New Funding As BNPL Competition Heats...
Swedish buy now, pay later (BNPL) firm Klarna said on Monday (March 1) that it has raised $1 billion in fresh capital, not only providing it with the cash needed...
February 23, 2021
Macy’s Embraces ‘Omnichannel Digital Retailer’ Mantra, But Lags Behind Peers
Macy’s reported on its Q4 and FY results on Tuesday (Feb. 23), which were led by a 21 percent increase in digital sales and rising delivery costs. The retailer also...
January 06, 2021
Today In Retail: Mall Of America Modifies $1.4 Billion Mortgage;...
In today’s top retail news, Mall of America modified the terms of its $1.4 billion mortgage, while Macy’s intends to close 45 retail locations. Plus, Hive Brands seeks to become...
January 06, 2021
Macy’s To Close 45 Additional Stores
As part of a three-year roadmap to close stores, Macy’s reportedly told staffers at roughly 45 locations that they will shutter by mid-2021. The department store retailer intends to close 125...
December 22, 2020
Today In Retail: Past Macy’s CEO Anticipates More Store Closures,...
In today’s top retail news, former Macy’s CEO Terry Lundgren said he anticipates more store closings next year, while about half of Americans intend to travel for the December holidays...
December 22, 2020
Past Macy’s CEO Foresees More Retail Store Closings In 2021
Amid a year in which over 11,000 retail closings have been announced, past Macy’s CEO Terry Lundgren foresees that disruption to the retail vertical related to COVID-19 will continue into...
November 23, 2020
Macy’s, Nordstrom, Other Department Stores Need Better Drama Quotient
It’s hard to find things to like about the department store sector these days. Macy’s reported earnings last week, and it didn’t help naysayers change their minds about the format’s...