A bad quarter has sent fashion retailer H&M scrambling to adjust its strategy. The Swedish group said that strategy now includes closing more stores and opening fewer new ones, as well as beginning to sell its brand’s offerings on Chinese eCommerce platform Tmall. Shares in...
Sears, the embattled retailer, is gearing up to close eight of its brick-and-mortar department stores and 35 Kmart stores in an effort to slash costs and square footage and return to a profit, reported Reuters. Citing Sears Chief Executive Eddie Lampert, Reuters reported the latest...
Brick-and-mortar stores are having a moment. Retail operator Ascena Retail Group has shared its plans to close hundreds of stores following a disappointing quarter. Owner of brands like women’s clothing stores Ann Taylor, Lane Bryant and Dressbarn, Ascena Retail Group had a $1.031 billion loss...
Big-box retailers have seen store closures left and right over the past year. From stores like Macy’s and JCPenney to HHGregg, it seems like there aren’t many retailers that are immune to the shift in consumer buying. As more sales move to either the online realm...
January 03, 2019
It’s the end of an era: Lord & Taylor announced that it has left its landmark Fifth Avenue store in New York City. The retailer’s parent company, Hudson’s Bay Company (HBC), sold the iconic 676,000-square-foot building to WeWork for $850 million in fall 2017, in a deal aimed to lower HBC’s debt levels and give WeWork a new headquarters in […]
December 15, 2017
A bad quarter has sent fashion retailer H&M scrambling to adjust its strategy. The Swedish group said that strategy now includes closing more stores and opening fewer new ones, as...
July 10, 2017
Sears, the embattled retailer, is gearing up to close eight of its brick-and-mortar department stores and 35 Kmart stores in an effort to slash costs and square footage and return...
