Friday, May 28, 2021

Gap turnaround gaining traction

CSA
Gap Inc.’s turnaround efforts appear to be gaining ground based on its first-quarter results. . . . more

American Eagle in store expansion for Aerie, spin-off brand

CSA
American Eagle Outfitters passed the $1 billion mark in first-quarter revenue as business accelerated across its brands. Revenue rose 17% to $1.03 billion in the quarter ended May 1, compared to $0.89 billion in the first quarter of 2019. . . . more

Wednesday, May 26, 2021

Nordstrom Reiterates Outlook, But Earnings Fall Short of Expectations

Footwear News
Shares of Nordstrom Inc. are down in after-hours trading after the company posted earnings that fell short of expectations, but the retailer reiterated its outlook for the full year. . . . more

Tuesday, May 25, 2021

If you own a mall, you also own a warehouse

CSA
Malls have always existed to bring together a multitude of inventories in support of commerce. They’re in convenient locations, sitting on major roads and highways and maintain parking lots, loading docks, and back-of-house storage as vital parts of their blueprint. . . . more 

Shake Shack, Fogo de Chao and More: Burlington Mall Adds New Eateries in Sears Space

 NBC Boston
The Burlington Mall will soon unveil a major makeover of a former Sears anchor store with some big-name and new-to-the-area restaurants. . . . more

Thursday, May 20, 2021

Why Eastbay turned to video to drive engagement during the pandemic

Retail Dive
High school sports wasn't exactly the place to be last year. . . . more

Macy’s Wants to Expand Into Toys, Pets + More New Categories — Why Analysts Think It Might Be Too Ambitious

 Footwear News
Amid the COVID-19 health crisis, merchandise like toys, pet care and housewares saw a surge in sales as consumers worked and played from home. And it’s no surprise Macy’s is looking to expand into those categories — but some analysts think the move might be a little too ambitious for the challenged chain. . . . more

Where is Macy's going?

Retail Dive
Macy's calmed a lot of investor feathers this week with a first quarter performance that beat most expectations and a plan to rehabilitate its faltering business. . . . more

Wednesday, May 19, 2021

CBRE forms team to help malls reposition themselves

CSA
Malls are filling emptied anchor spaces and parking areas with everything from apartment complexes to medical facilities to casinos, but it can be difficult to decide which option’s the correct one for a specific property. . . . more

Macy’s surprises with Q1 profit, beat estimates

CSA
Macy’s outperformed expectations across all three of its brands — Macy’s, Bloomingdale’s and Bluemercury — and swung to a profit in the first quarter as shoppers returned to its stores. . . . more

Monday, May 17, 2021

H&M testing rental service — with a twist

CSA
H&M has launched its first — and a unique — rental service in the United States. . . . more

Dillard’s back in the black; doubles capital spending

CSA
Dillard’s started off its fiscal year on a positive note. . . . more

Former Burlington space at New Jersey Mall to become a fulfillment center

CSA
Tenants such as Dick’s, Boscov’s, Aeropostale, and Victoria’s Secret at Cumberland Mall in Vineland, N.J., may soon find delivery of their online orders moving out faster and easier. . . . more

Wednesday, May 12, 2021

Macy's reveals Herald Square revitalization plan

Retail Dive
Macy's may be rethinking its overall store strategy, but on Monday the company revealed plans regarding the renewal of its flagship location at Herald Square in New York City, according to a press release sent to Retail Dive. . . . more

L Brands spinning off Victoria’s Secret, Bath & Body Works into two companies

CSA
L Brands has opted to spin off Victoria’s Secret rather than sell it. . . . more

Tuesday, May 11, 2021

GameStop upgraded as it raises cash for turnaround and pays off debt

Retail Dive
S&P Global Ratings upgraded GameStop's corporate credit rating, from B- to B, and gave the company a stable outlook based on "our expectation for better operating performance" and lower leverage levels, analysts said in a release. . . . more

Thursday, May 6, 2021

Owner of Lids acquires South Moon Under

Retail Dive
Fashion boutique South Moon Under is being acquired by Ames Watson, a private investment firm that acquired hat specialist Lids from Genesco in 2019 .. . . more

Maui’s largest mall struggles to survive

CSA
Queen Ka’ahumanu Center, the largest mall on the Hawaiian island of Maui for 50 years, may be facing its demise, according to a report on the news site Maui Now. . . . more

Wednesday, May 5, 2021

Brookfield gives three malls back to banks

CSA
As part of a $6.5 billion deal that will make it a private company, Brookfield Property Partners returned three malls to their creditors, according to a report from KCP Research. . . . more

Pandora Will Stop Using Mined Diamonds In Its Jewelry

CBS Boston
Pandora produces more jewelry than any other company in the world. And on Tuesday, it announced a major change: It won’t use any more mined diamonds in its products. . . . more

Tuesday, May 4, 2021

Macy’s brings wine out of the cellar to your door

CSA
Macy’s is replacing its Macy’s Wine Cellar online subscription program with a new online wine store. . . . more