Alessandra Malito/MarketWatch – That avalanche of promotional emails and in-your-face advertisements isn’t cutting it for shoppers, and it’s costing department stores sales and profits — as well as their employees and locations. This week, Macy’s M, -1.17% announced it’s cutting more than 10,000 jobs and identified 68 stores out of the 100 closures it announced last year, Sears SHLD, -4.81% announced on […]
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A look at downtown Allentown’s ever-changing retail landscape
Jon Harris/The Morning Call – Sage and Aquarius, two upscale clothing boutiques that were among the original retailers to open along the ArtsWalk, are planning to close in downtown Allentown in February, the latest news in the city’s ever-changing retail landscape. While replacements for the two stores have not been announced, new construction is continuing downtown, which will […]
The 2016 shopping year in review: More stores closed and struggled because they couldn’t keep up with the new guys
Justine Griffin/The Tampa Bay Times – The retail industry had a tough year in 2016. Sports Authority went bankrupt and closed all its stores. Teen apparel retailers Aéropostale, Pacific Sunwear and American Apparel filed for bankruptcy protection, too. Macy’s said it would close 100 of its 675 department stores nationwide. More than 30 Sears and Kmart […]
Malls are not dead (at least in Seattle, where they are changing to remain vibrant and popular)
Janet Tu/The Seattle Times – IT’S LUNCHTIME, and things are bustling at Din Tai Fung in Bellevue’s Lincoln Square. Outside, a line is waiting to get in, and those who’ve already eaten are saying goodbye to their dining companions. Among them is Fabian Loken, who has just finished lunch with a friend. Loken, 63, who […]
Have you noticed golf carts zipping down your street? That’s UPS delivering holiday packages
Justine Griffin/ Tampa Bay Times – Nazrine Beasley cruised down W. Empedrado Street in the Palma Ceia neighborhood on a recent sunny afternoon. She had dropped off all the packages that once filled the empty trailer that bounced behind the golf cart she was driving. She was headed back toward Himes Street, where a POD storage container […]
Property Management: Mixing It Up
Samantha Goldberg/Commercial Property Executive – With the 2016 holiday season in full swing, retailers and retail owners across the country are hoping to capitalize on the increased traffic. U.S. holiday sales are expected to rise a solid 3.6 percent this year to $655.8 billion, according to the National Retail Federation, an estimate that bodes well for […]
