brick and mortar

Brick and mortar (also bricks and mortar or B&M) refers to a physical presence of an organization or business in a building or other structure. The term brick-and-mortar business is often used to refer to a company that possesses or leases retail shops, factory production facilities, or warehouses for its operations.

Source: en.wikipedia.org

Report: Big Lots Seeking Investors and Considering Bankruptcy
Report: Big Lots Seeking Investors and Considering Bankruptcy
August 28, 2024  |  Retail

Big Lots is reportedly considering bankruptcy amid continued declines in sales. The off-price home goods retailer received a loan earlier this year to help it navigate...

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Ross Stores and TJ Maxx Add Stores; Target Focuses on Digital Engagement
Ross Stores and TJ Maxx Add Stores; Target Focuses on Digital Engagement
August 23, 2024  |  Retail

Second-quarter earnings reports for Ross Stores, TJX Companies (parent of TJ Maxx) and Target unveiled a mixed bag of results against a backdrop of economic...

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Target: Streamlined Checkout and GenAI Chatbot Improve in-Store Experience
Target: Streamlined Checkout and GenAI Chatbot Improve in-Store Experience
August 21, 2024  |  Retail

A streamlined checkout experience and the deployment of generative artificial intelligence-powered handheld devices for employees have improved the in-store experience at Target, the retailer said...

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Macy’s Pins Hopes on ‘First 50’ Strategy Despite Overall Sales Drop
Macy’s Pins Hopes on ‘First 50’ Strategy Despite Overall Sales Drop
August 21, 2024  |  Retail

Macy’s officials are confident in their “A Bold New Chapter” strategy, highlighted by the company’s First 50 locations. During its second-quarter earnings call Wednesday (Aug....

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Mango and Farm Rio: Targeting US Consumers With Global Appeal and Local Relevance
Mango and Farm Rio: Targeting US Consumers With Global Appeal and Local Relevance
August 19, 2024  |  Retail

In the competitive arena of international fashion, Mango and Farm Rio are each pursuing distinct strategies to capture the U.S. consumer market. Both brands, hailing...

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Ahold Delhaize USA Exec Says Digital Convenience Can Mean Fewer Loyal Shoppers
Ahold Delhaize USA Exec Says Digital Convenience Can Mean Fewer Loyal Shoppers
August 13, 2024  |  Retail

As consumers, especially younger generations, grow accustomed to having their needs met at a rapid pace, Ahold Delhaize USA is seeing shoppers be less loyal...

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Macy’s VP: Restructuring Aims to Elevate Customer Experience and Drive Growth
Macy’s VP: Restructuring Aims to Elevate Customer Experience and Drive Growth
August 09, 2024  |  Retail

Earlier this year, Macy’s launched a restructuring initiative called “A Bold New Chapter,” aimed at reinvigorating the company and driving growth. The strategy focuses on...

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US Interest in Pure-Play eCommerce Drops 28% in 3 Years
US Interest in Pure-Play eCommerce Drops 28% in 3 Years
August 07, 2024  |  Retail

As the early stages of the pandemic become more distant history, consumers are becoming less and less interested in purely digital retail journeys.   By...

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86% of Shoppers Don’t Want In-Store Voice Assistants
86% of Shoppers Don’t Want In-Store Voice Assistants
August 06, 2024  |  Consumer Insights

Consumers may be beginning to use voice artificial intelligence (AI) assistants for online shopping, but they would like to keep this technology out of brick-and-mortar...

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