Category: Stores

January 27, 2020

Walgreens Boots Alliance could face questions this week about a potential effort to take the global pharmacy chain private from shareholders when they hold their annual stockholders meeting. Walgreens annual meeting, which will be held Thursday, comes amid speculation that […]

January 27, 2020

Cashless retail stores are now officially banned in New York City in a dramatic shift away from digital payments. New York’s city council approved new legislation almost unanimously last week which will see any retailer which doesn’t accept physical currency […]

January 23, 2020

After a record number of retail stores were shuttered in 2019, the question for many entering the new year is whether even more will close this year? More than 9,300 stores turned off their lights last year, according to Coresight […]

January 20, 2020

Walmart has appointed Scott McCall its new chief merchandising officer and Dacona Smith, COO of Sam’s Club, will take over as chief operating officer of Walmart U.S., according to an internal company memo cited in reports. McCall is replacing the […]

January 16, 2020

Bose is set to shut all of its physical stores in Europe, the US, Japan and Australia threatening hundreds of jobs. The audio hardware retailer announced today that it will shut 119 of its physical retail stores in four territories […]

January 15, 2020

Target had been expected to be a standout among retailers for holiday sales, but the big box retailer reported disappointing results Wednesday. Its shares tumbled 7% on the news. Walmart, which hasn’t reported holiday results, also traded lower, down 1.8%. […]

January 9, 2020

It’s only a few days into the new year, but January has already been a relatively busy month for Lululemon’s C-suite. In addition to Neuburger’s appointment as the company’s first-ever chief brand officer, the brand loses Chief Operating Officer Stuart […]

January 9, 2020

Kohl’s said same-store sales during November and December fell 0.2% due to weakness in its core women’s apparel business, leading it to temper expectations for the year. Based on the dismal holiday performance, Kohl’s said in a press release that […]

January 8, 2020

A year ago, Macy’s embarked on the store segmentation strategy a spokesperson referred to on Wednesday, which entails flagships (including its Herald Square, New York location), magnet stores (dubbed “Growth 150”) and neighborhood stores — each with its own customer […]

January 8, 2020

Walgreens is centering a recovery on cost savings, which the company said on Wednesday is on track to yield some $1.8 billion by 2022. But, despite some initiatives including a purchasing tie-up with Kroger and a deal to take FedEx […]