Author: admin

Nordstrom Expands Inventory-Free Local Store Concept

Nordstrom plans to open smaller stores that have no inventory. Nordstrom announced Monday that it will expand its existing stores in New York City, just ahead of its investor meeting. Nordstrom opened its first Nordstrom Local store in Los Angeles during the fourth quarter of last year. It covers approximately 3,000 square feet and features a nail salon […]

Costco to Increase Wages for 130,000 Employees

Nearly 130,000 Costco employees will be eligible for a pay increase starting June 11. The Seattle Times stated that Costco employees will see a $1-to-14 or $14.50 hourly increase, while warehouse workers would receive an hourly raise of $.25 and $.50, according to CFO Richard Galanti. According to the Seattle Times, the wage increase is independent of regular wage increases. These raises come […]

Kohl’s and WW Partner to Support Wellness and Healthy Living

Kohl’s has announced a strategic partnership with WW, the new Weight Watchers, which is a global wellness company. This collaboration will bring together both companies’ passions to help families and communities live healthier lives. Kohl’s and WW will jointly pilot a variety of health and wellness offerings to assist customers and Kohls’ associates in their wellness journeys. This […]

2019 Retail Forecast: Expansion of brick-and-mortar and flexible checkout options

The year 2018 was a record-breaking year for retailers around the world. E-commerce retailers like Amazon.com continued to be a disruptor in physical retail while many other retailers, such as Toys”R”Us, closed their doors after providing unique products to customers for decades. In 2018, retailers all over the country took a step further in integrating their digital […]

Chico’s FAS To Close 250 Stores During a 3-Year Period. Review Operations

Chico’s FAS, a Fort Myers-based women’s retail company, has announced plans to close at least 250 stores as well as to expand its operations review. The company stated that the strategic initiatives were designed to build on its omnichannel platform and provide it with the agility, customer service, and speed required for long-term success within a […]

Target’s Resurrection is Driven by Omnichannel Gains and Private-Label Brands

Target Corp. Chairman and Chief Executive Officer Brian Cornell gave a keynote presentation at the National Retail Federation Big Show in New York City. He explained how Target Corp. has reinvested in its business from technology to people and the results it is now seeing. Target’s holiday season was a success with same-store sales increasing […]

Four Key Elements that Drive Superior Customer Experience in-Store

A new retail world brings new responsibilities. The customer experience is the most promising opportunity for 2020, according to Adobe’s Digital Trends Report. According to the Temkin Group, companies that earn $1 billion per year can expect to increase their revenue by investing in customer experience. This is a three-year investment. Customer experience is, as it should be, the […]

A.C. Moore to Close, Up to 40 Stores Sold to Michaels

A.C., a New Jersey-based arts and craft retail chain, has closed its 145 stores. Yesterday, Nicole Crafts, the parent company of Moore Crafts, announced that Moore’s 145 stores will be closing. Michaels will take over 40 of these locations. The company said that plans for closing will be revealed in the coming weeks. Online orders will no longer […]

Macy’s Announces Store Closures and Job Cuts as Part Of A 3-Year Growth Strategy

Macy’s Tuesday announced a three-year growth strategy. It includes plans to close 125 stores that are least productive and reduce 2,000 corporate jobs, reports CNBC. The retailer will close its San Francisco, Lorain, OH, and downtown Cincinnati offices. It will consolidate its headquarters to New York City. The Polaris strategy is the company’s turnaround plan. It aims to make […]

Pier 1 to Close Half of its Stores, Bankruptcy Rumors Persist

Pier 1 Imports announced yesterday that it will close up 450 locations. This is almost half of its 942 stores. It made this announcement after it unexpectedly reported quarterly earnings amid bankruptcy rumors. Pier 1 has been losing more than its sales have been declining. This latest quarter was no different. The third quarter loss was larger than a […]