Comparable sales increased 3.2% during the quarter ended Feb. 1, marking 12 consecutive quarters of sales growth. In the U.S., online sales grew nearly 19% due to high average order values and more shoppers buying online.
San Francisco will put to vote next Tuesday a punitive new approach to ending the blight of empty storefronts.
A real-estate-focused venture-capital firm said it has closed a $100 million fund to invest in companies born online and looking to join the brick-and-mortar world.
Children used to want toys based on their favorite movies and TV shows, whether it was “Star Wars,” “My Little Pony” or “Teenage Mutant Ninja Turtles.” Those remain in demand, but kids are now also seeking out toys based on their favorite YouTube stars and channels.
The embattled billionaire’s decision to part ways with Victoria’s Secret is an admission that he couldn’t revive the fortunes of a troubled lingerie brand he had built around shopping malls and sex appeal.
Retailers are relying on their own proprietary research to decide where to shelve products, dealing another blow to large U.S. food companies that are already dealing with increased competition and shifting consumer tastes.
New CEO Mark Tritton laid out his vision for remaking the troubled retailer. Decluttering stores is high on his list.
Walmart reported sluggish holiday sales despite continued online gains, adding to a string of disappointments from traditional retailers as they adjust to changing shopping habits.
Retailers are replacing scales with video systems that some say are better at catching mis-scanned items and stopping transactions in progress only when it is necessary.
Analysts are split about whether Simon Property’s bid to rescue the fast-fashion retailer will succeed, but even skeptics say the mall giant may have little choice but to try to salvage one of its most important tenants.
The judge presiding over Forever 21 Inc.’s bankruptcy approved an $81 million opening bid for the fast-fashion retailer’s assets that has vendors fearful of taking heavy losses.
The company said its quarterly sales were hurt by retailers’ decisions to cut back on shelf space for Glad products in response to higher prices.
Sponsors of bill that advanced on Monday in Albany say it would reduce the demand for so-called puppy mills that raise animals in unsanitary and inhumane conditions.
Influential fashion sage Virgil Abloh has predicted that streetwear will die and shoppers will rely increasingly on secondhand clothes. Here, a look at the history of vintage fashion and what’s next.
A group of Texas businessmen that launched a $1 billion plan to redevelop the Plano, Texas, headquarters of J.C. Penney Co. say they have been tripped up by the reluctance of lenders to get involved with a project that depends heavily on the health of the struggling retailer.
Global trade conflicts, an upcoming presidential election and mixed signals on consumer spending are painting a murky picture for retail finance chiefs—particularly those with big bricks-and-mortar footprints.
Greeting cards and stationery retailer Papyrus filed for bankruptcy with a plan to close all its stores in the U.S. and Canada after it was unable to find a buyer to keep its stores and sister outlets, American Greetings, Carlton Cards and Paper Destiny, in business.
Secured creditors are recovering all or most of their investments when retailers file for bankruptcy protection, even as nearly half these companies don’t survive with a physical presence, according to Fitch Ratings research.
Hong Kong landlords, used to charging top dollar for flagship stores, are suddenly in flash-sale territory. Prime retail rents dropped in late 2019, as social unrest disrupted commerce, and rents in the glitziest enclaves are expected to fall again this year.
There’s a thrill to competing for the bottles on the block. But will you end up paying more than you would retail? Seasoned bidders share their tips.