Category: Stores

January 11, 2021

IKEA Retail U.S. has opened its first store in the U.S. to boast the retailer’s new, smaller format. The new IKEA Queens, NY, store in the Rego Center shopping mall offers a full range of products across just 115,000-square-feet of […]

January 8, 2021

Rents for retail space in New York City have tumbled to historic lows, dropping as much as 25% from 2019 levels, as troubled retailers like Neiman Marcus and Century 21 closed stores and vacancies soared, according to a report Friday. […]

January 6, 2021

Outside line monitoring, reservations, time limits and mobile checkout are some ways retailers have been managing customer queues during the pandemic. Lines outside grocers and big boxes seen at the beginning of the pandemic are expected to return in many […]

December 30, 2020

The Justice Department sued Walmart a week ago about the company’s role in the opioid crisis. The claim centers around the Walmart chain of pharmacies filling millions of opioid prescriptions, thousands of which were suspicious according to authorities quoted by […]

December 23, 2020

The Trump administration on Tuesday sued Walmart for helping fuel the nation’s opioid epidemic by ignoring suspicious prescriptions. The retailer’s counterargument: the vetting of prescriptions lies primarily with the physician, not the pharmacy. “Blaming pharmacists for not second-guessing the very […]

December 15, 2020

Starbucks plans to open a whopping 22,000 locations to bring its massive store count to 55,000 by 2030. At its bi-annual Investor Day, Rosalind Brewer, COO and group president-Americas, projected Starbucks’ U.S. base would expand by “nearly 800 gross stores […]

December 11, 2020

Costco just reported first quarter earnings for the 12 weeks ending November 22, 2020. Total company sales increased +15.4%, with the U.S. reporting +14.6%, Canada +16.2%, and other international markets reporting +18.7%. Net income was $1,166 Million compared to $844 […]

December 10, 2020

It’s no surprise that online sales have been higher than ever before during the 2020 holiday shopping season — especially on Black Friday and Cyber Monday — while in-store traffic fell by 52 percent compared to 2019. Although the demand […]

December 9, 2020

Lowe’s said Wednesday it expects sales to grow by about 22% next year, as its turnaround efforts gain momentum, and it gets a boost from the popularity of home improvement projects during the coronavirus pandemic. Same-store sales are expected to […]

December 8, 2020

K7 Design Group, a family-owned manufacturer and distributor of consumer products marketing under the “Ultra Defense” brand label, has filed an $85 million lawsuit against Kroger alleging that the grocer placed a huge order for hand sanitizer in the early […]