Tuesday, March 30, 2021

Report: American Dream fallout as lenders to take equity stake in Mall of America

CSA
Bankers are reportedly set to take a minority stake in the two largest malls in North America after their owner defaulted on its massive, 3.3 million-sq.-ft. retail and entertainment development in New Jersey. . . . more 

Friday, March 26, 2021

Tuesday, March 23, 2021

American Eagle in store expansion of Aerie and new activewear brand

CSA
American Eagle Outfitters is expanding the footprint of its intimates and loungewear brand, Aerie, and the brand’s new spin-off concept. . . . more

Wednesday, March 17, 2021

Nordstrom debuts platform for shoppable shows as more retailers experiment with livestreaming

CNBC
The department store chain Nordstrom said Wednesday it will debut its own Livestream Shopping channel, as part of its broader ambitions to delve into e-commerce livestreaming, which is already a huge phenomenon in Asia. . . . more

Tuesday, March 16, 2021

Loft to drop plus sizes

Retail Dive
Loft on Monday faced an onslaught of criticism on social media after the apparel retailer revealed in comments that it will phase out plus sizes. Customers on Facebook, Instagram and Twitter lambasted the brand for limiting sizes, with many noting that it leaves many U.S. women unable to shop there. . . . more

Who's the 'department store' now?

Retail Dive
There's a rumor in Chicago that Target is thinking of taking over space being vacated by Macy's on the Magnificent Mile shopping district, at the Water Tower Place shopping center, according to a recent report in the Chicago Tribune. . . . more

Inside The Call: Tilly’s Scores Strongest Fourth Quarter Since 2012

SGB Media
Tilly’s Inc. logged the strongest fourth-quarter EPS performance since its 2012 fourth quarter. The gains were helped by strong performances in women’s and footwear supported by introducing several new brands. The chain, however, warned that product arrival delays could curtail sales growth in the first half. . . . more

Friday, March 12, 2021

Thursday, March 11, 2021

Express testing non-mall store concept; targets $1 billion in online sales by 2024

CSA
Express reported a loss in the fourth quarter that was smaller than expected and sales that missed expectations as the pandemic continued to bite into its results. . . . more

Wednesday, March 10, 2021

RCS deal will keep all Ann Taylor, Loft, and Lane Bryant stores open in Simon malls

CSA
After Sycamore Partners’ Premium Apparel unit bought Ascena Retail Group for $540 million in a Chapter 11 auction last December, it approached Simon Properties and requested rent relief for some 235 Ann Taylor, Loft, and Lane Bryant stores in the company’s malls. The relief offered didn’t suit Premium’s needs, and it announced it would have to shutter 185 of the brands’ locations in Simon properties. . . . more

Children’s Place Q4 tops Street; to close 122 stores in 2021

CSA
Children’s Place reported fourth-quarter profit and sales that topped estimates as it continues to downsize its store footprint. . . . more

Tuesday, March 9, 2021

GameStop Forms Committee to Lead E-Commerce Shift, Including Former Chewy CEO

IGN
GameStop appears to be gearing up for a major strategy shift, seemingly away from its existing brick-and-mortar store model and into embracing e-commerce. . . . more

Old Navy, Athleta push Gap into the black

CSA
In a report that highlighted the stark differences among its brands, Gap Inc. on Thursday said fourth quarter net sales fell 5% to $4.4 billion. Online sales rose 49% year over year and as a percentage of net sales rose more than 17 points to 46%, while store sales fell 28% due to both pandemic-related and permanent closures. . . . more

Friday, March 5, 2021

Gap swings to Q4 profit but sales fall; bullish on 2021

CSA
Gap Inc. reported disappointing fourth-quarter sales amid global store closures and ongoing declines at its namesake and Banana Republic brands. . . . more

Disney plans to close at least 60 Disney stores in digital shift

Toybook
Mickey Mouse and friends are heading out of the mall. . . . more

Tuesday, March 2, 2021

Indianapolis’s first mall is about to enter its third phase with residential units

CSA
When Glendale Shopping Center opened in 1958 with a concourse connecting the William H. Block and L.S. Ayres department stores, it was the city’s first mall. It was designed by Victor Gruen, the architect who had designed America’s first mall, Southdale Center, in Edina, Minn. . . . more

Post-pandemic values of malls fall by 60%

CSA
America’s premier owner and operator of malls, Simon Property Group, marked 13 of its properties as “non-core” in its last earnings report. Just weeks before, it gave its 1.2 million-sq.-ft. Town Center at Cobb back to the bank when no one bid on it at auction. . . . more

Nordstrom opening in-store shops dedicated to at-home fitness product Tonal

CSA
Nordstrom is jumping into the at-home fitness trend. . . . more