Tuesday, June 29, 2021

New England’s first Best Buy Outlet now open at Westgate Mall in Brockton, MA

NEREJ
New England’s first Best Buy Outlet is now open at Westgate Mall. A concept from Best Buy, Best Buy Outlet offers shoppers deeply discounted prices on appliances, TVs, computers, and more, with inventory regularly updated. Best Buy Outlet shoppers can save up to 40% on clearance and open box products. . . . more

Friday, June 25, 2021

At Home takes over former J.C. Penney site at Maryland mall

CSA
Heritage Partners has announced the lease of the entire 96,000-sq.-ft. former J.C. Penney site at its Woodmore Towne Centre in Glenarden, Maryland. . . . more

Thursday, June 24, 2021

Wednesday, June 23, 2021

MAC debuts new retail concept

CSA
MAC Cosmetics’ new travel store concept is designed for busy travelers — and sustainability. . . . more

Tuesday, June 22, 2021

URW gives Broward Mall back to its lender

CSA
The Westfield Broward Mall in Plantation, Fla., once one of the most popular shopping destinations in the state, has been abandoned by Unibail Rodamco Westfield. . . . more

Thursday, June 17, 2021

Neiman Marcus plans to invest more than $500 million in digital tech

CSA
Neiman Marcus Group is kicking off a three-year intensive digital investment strategy with the purchase of a machine learning (ML) platform. . . . more

Monday, June 14, 2021

Major US mall owner files for bankruptcy

WHDH
Washington Prime Group, a major mall owner of more than 100 locations across the United States, filed for bankruptcy, citing pandemic-related shutdowns. . . . more

Friday, June 11, 2021

Alex and Ani files for bankruptcy

CSA
Alex and Ani is looking for a buyer. . . . more

J. Jill rebounds from pandemic doldrums with 42% sales growth

Retail Dive
As it lapped last year's pandemic closures, J. Jill's first-quarter sales grew about 42% year over year to $129.1 million. . . . more

Monday, June 7, 2021

In the Past Year, Francesca’s Faced COVID, a Bankruptcy and New Ownership — Here’s How Its Business Is Faring Now

Footwear News
Calling the past year unprecedented is no understatement for Francesca’s. . . . more

Is the never-ending Sears saga finally reaching its closing chapters?

Retail Dive
In October 2018, one Sears holding company (with a multitude of subsidiaries) went into bankruptcy. As though by some dark science, an identity split occurred in Chapter 11. . . . more

Express narrows loss; to expand smaller-store format

CSA
Express Inc. topped first-quarter expectations and said its second-quarter store sales to date are exceeding 2019 levels on a comparable basis. . . . more

Thursday, June 3, 2021

American Eagle cuts SKUs, speeds delivery with supply chain transformation

Retail Dive
American Eagle Outfitters has improved turn times, thanks to its supply chain transformation that has taken place over the last year. Under its new model, the retailer reduced SKU counts to focus on the "the most productive styles," COO Michael Rempell said on the company's earnings call last week. . . . more

Tuesday, June 1, 2021

Downsizing hurts Nordstrom in Q1

Retail Dive
The effect of Nordstrom's decision last year to close 16 full-line stores was felt during its first quarter, when net sales rose 44% from 2020, but fell 13% from 2019. Year over year, full-line store sales rose 37% and off-price Rack sales rose 59%; compared to 2019, sales at each fell 13%. . . . more