Jennifer Sheehan/The Morning Call—Electronics chain RadioShack Corp. announced Tuesday that it plans to close up to 1,100 stores across the country thanks to plunging sales. The planned closures would leave the Fort Worth, Texas company with more than 4,000 stores, including more than 900 dealer franchise locations, its chief executive officer said. According to the […]
Jeff Green
Demographics lay out case for locating Whole Foods at Tempe high-rise project
Last week, local retail expert Jeff Green, president of Jeff Green Partners, weighed in on the multimillion-dollar high-rise apartment project going up in downtown Tempe. The development has a letter of intent from Whole Foods to occupy a retail space. Such a move would fill a void in the Mill Avenue area for a grocery store.
Gem of a deal? Analysts say with sale, Zale’s outlook is bright
Danielle Abril/Dallas Business Journal—Zale Corp.’s announcement that it agreed to be sold to Signet Jewelers Limited for $690 million has left industry analysts with a positive outlook on the Irving-based jeweler, even though there are still a lot of unanswered questions. Wednesday morning, Zale’s stock popped about 40 percent to $20.87 per share from $14.91 […]
Achieving Closure
Store closing are already shaping up to be a big story in 2014, but while many are surprised by these closing, I don’t see it that way. In fact, I think this is exactly what we should expect from an industry in transition. Stores are constantly trying to realign themselves and do away with under-performing […]
Phillipsburg Mall struggles to fill stores
Ryan Kneller/The Morning Call—J.C. Penney’s announcement last month that it would close 33 underperforming stores, including its Phillipsburg Mall location raised an obvious question: “What is the future of the Phillipsburg Mall?” In recent years, the mall has been hemorrhaging stores, including high-profile retailers such as American Eagle, FYE, Gap and PacSun. This past year […]
Amazon turns cameras into credit cards
Quentin Fottrell/Morningstar—Amazon’s (AMZN) app for iPhone this week added “Flow,” an image recognition tool designed to allow consumers to add a product to their shopping cart by merely pointing their phone’s camera at it. Flow–as its name suggests–aims to make it as seamless as possible to shop. MarketWatch carried out its own “showrooming” with the […]
