Lululemon enjoys robust holiday sales, moves menswear strategy ahead

Vancouver-based athletic wear retailer lululemon is making strides in expanding its men's fashion line, according to a Vancouver Sun report which cited remarks from COO Stuart Haselden. Lululemon predicts its men's line will account for a quarter of its business...

Report: Retail holiday season sales was robust

Overall sales growth for the retail holiday season was 6.2 percent, a healthy spike compared to 2016's 4.7 percent growth. Retail spending grew 5.4 percent compared to 3.6 percent last year, according to First Data's SpendTrend Report.

Target has a rosier outlook on 2018 thanks to holiday sales

A robust holiday sales season has Target revamping its expectations for the fourth quarter, raising its fourth quarter and full-year 2017 EPS guidance. The reasons for the higher expectations are stronger than expected sales in late 2017 and the recently-enacted...

Macy's to slash 5,000 jobs despite solid holiday sales

Despite a boost in holiday sales this past season Macy's expects to cut 5,000 jobs and close seven stores. The news, according to a USA Today report, comes after the retailer announced holiday sales, in stores at least one year...

Sears adds 103 stores to closure list

In addition to 63 planned store closures, Sears expects to shutter another 103 by April of this year. The closing store list includes 64 Kmart locations and 39 Sears locations, according to a Business Insider report. That will leave Sears...

Store closures will hit 12K in 2018

The start of the new year will bring a "rash" of bankruptcy filings and store closing announcements, according to a Business Insider report that cited data from Cushman & Wakefield. More than 12,000 stores will shutter their doors, about 3,000 more than in 2017. The bankruptcy list, according to BI, includes Sears, Stein Mart and Bon-Ton Stores.

Target buys Shipt to shore up delivery strategy

Target is buying Shipt, a same-day delivery platform, for $550 million in cash in its strategy to boost fulfillment efforts. The news comes as retailers race to meet customer expectations now that they value speedy delivery over price, as Retail...

Cold weather proves rewarding for Macy’s

The arrival of winter, and need for winter coats, is making for healthy financials for Macy's. A surge in outerwear sales is putting the brand on good footing going into the holiday season, according to a Bloomberg report. As of...

Kroger beats earnings prediction with robust financials

Those holding Kroger shares are happy as shares jumped 13 percent last Thursday after quarterly earnings revealed the supermarket brand beat street expectations. The chain reported a 4.5 percent jump in sales and revenue of $27.75 million in the third...

Sears CEO sees improvement as sales take nose dive

Sears CEO Eddie Lampert has the holiday spirit when it comes to how his retail brand is doing as the busiest season of the year takes off. Despite decreasing sales, Lampert views Sears' current state as improving despite losing more...

Retail jobs on decline after big weather events

The retail industry lost 18,000 jobs in October, according to the National Retail Federation, and while it's hard to pinpoint specific reasons, extreme weather events may have played a part. The figure does not include auto dealers, restaurants or gas...

Study: Online holiday spend will beat in-store spend this year

For the first time ever, online holiday shopping spend will beat in-store retail spend, according to a new Deloitte study. There will also be more "self" gifting this holiday season, according to the firm's 32nd annual Holiday Survey of consumer...

September retail sales jump thanks to weather-related events

Retail sales in September increased 0.5 percent compared to August, and 3.2 percent compared to a year go, due primarily to hurricane event impact. The sales insight, from the National Retail Federation, noted it was a "good increase" and "strong...

Amazon's Manhattan hub will house 2,000 employees

Amazon's impending Manhattan office will be home to 2,000 employees over the next three years, according to an AM New York report. The office, slated to open in 2018, is a 360,000,000-square foot spot at 5 Manhattan West, and Amazon has signed a 15-year lease, according to the report. It will be home for Amazon Advertising.

New Walmart headquarters to bring in natural light

Walmart plans to do away with the "inefficient" current campus of its corporate headquarters — a sprawling collection of more than 20 buildings in Bentonville, Ark. — and replace it with new facilities that will encourage a more efficient business....

Walgreens-Rite Aid deal gets regulatory green light

While Walgreens isn't getting the opportunity to acquire all the Rite-Aid stores initially hoped for, it is getting the regulatory green light to acquire about 42 percent of the stores at a cost of $4.38 billion. The approved deal between Walgreens Boot Alliance Inc. and Rite Aid Corp.

Amazon's first New York fulfillment center will create more than 2,000 jobs

Amazon is prepping to launch its first-ever New York-based fulfillment center which will create 2,250 jobs. The 855,000-square-foot center will be located in Staten Island and deploy advanced robotics, according to a press release. "We are excited to bring our...

Robust financials ahead for Old Navy

Not every retailer is struggling, and those who are may want to take a long hard look at what's going on at Old Navy.   The Gap brand predicts it will hit over $10 billion in sales in just the next several years, according to a Market Watch report.   The prediction was made during the Goldman Sachs Global Retailing Conference last week.

Scott Lipesky takes on CFO role at Abercrombie & Fitch

Abercrombie & Fitch has hired a new chief financial officer, Scott Lipesky. Lipesky, who most recently served as CFO at American Signature Inc., will begin his new job as of October 2, according to a Market Watch report. Lipesky is...

First Data sending mobile POS devices to help retailers hit by Hurricane Harvey

First Data is sending free mobile payment devices to Houston in a move to help retailers and businesses get back up and running as soon as possible following Hurricane Harvey. The commerce-enabling technology company is sending thousands of Clover Go...

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