retail

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Victoria's Secret Is Closing a Lot of Stores

More than 50 locations will be shuttered as brand competes with big-box retailers, startups

(Newser) - Victoria's Secret has seemingly been operating under the "if it ain't broke, don't fix it" mantra, which for its specific purposes meant continuing to promote its brand through a long-successful campaign of celebrity supermodels and pushup bras. Except now it appears that business model may be...

This May Be Biggest US Retail Liquidation Ever

Payless is shuttering all 2,100 of its stores here, as well as its e-commerce operation

(Newser) - In what the Wall Street Journal says may be the biggest retail liquidation ever in America, one of the nation's most well-known chains for shoes on the cheap is closing all of its stores here. A spokesman says all of Payless' 2,100 or so US locations are expected...

'Sad Day for American Retail': Sears Declares Bankruptcy

Company hopes to keep some stores open

(Newser) - A $134 million debt payment due Monday was the final straw for the business Richard Warren Sears started in 1886. Sears, an American institution for many years, filed for Chapter 11 bankruptcy protection early Monday, CNN reports. The company, which also owns Kmart, says it plans to remain in business...

Florida Mall to Be America's Biggest—by a Long Shot

You'll definitely need a map

(Newser) - In an era of shuttered shopping malls, the biggest one in America is set to be built. Officials in Florida's Miami-Dade County last month approved zoning changes for a 6.2-million-square-foot shopping and entertainment center on a 174-acre site off the Florida Turnpike, complete with an indoor water park,...

Walmart Touts Same-Day Delivery to Almost Half of US Homes

Grocery delivery sure is competitive

(Newser) - Look out, Amazon: Trying to keep pace with the online leader, Walmart is expanding its same-day online grocery delivery service to more than 40% of US households, or 100 metro areas, by year-end, reports the AP . Tom Ward, VP of Walmart's digital operations, says the retail giant is powering...

Stores Using Floor Sensors to Track Customer Activity

The latest tactic to combat online retail

(Newser) - Online clicks give retailers valuable insight into consumer behavior, but what can they learn from footsteps? It's a question Milwaukee-based startup Scanalytics is helping businesses explore with floor sensors that track people's movements, highlighting one of several efforts brick-and-mortar stores are undertaking to better understand consumer habits and...

Payless to Close 400 Stores After Bankruptcy Filing

The shoe chain filed for bankruptcy protection

(Newser) - Payless ShoeSource has filed for Chapter 11 bankruptcy protection, becoming the latest retailer to succumb to increasing competition from online rivals like Amazon, the AP reports. The Kansas-based retailer said Tuesday that it will be immediately closing nearly 400 stores as part of the reorganization. It has over 4,400...

Employees Say Kmart Is on Its Last Legs

Company says it's 'focused on restoring profitability'

(Newser) - Kmart says it's "focused on restoring profitability to the company." Employees say it's preparing to declare bankruptcy within a year. As Business Insider reports, Kmart—which has seen sales plummet to less than a third of what they were in 2000—is clearing out stock rooms,...

Walmart Is No Longer World's Largest Retailer

The new king: Alibaba

(Newser) - Walmart is no longer king of the retail castle. Alibaba says it surpassed Walmart's $482.1 billion in annual gross merchandise volume during its last fiscal year. Alibaba has yet to reveal its figures but says it reached about $476 billion 10 days before its fiscal year ended on...

US Retail Workers Stole $16.6B From Employers This Year

Theft by employees a bigger problem in the US than elsewhere

(Newser) - The good news: Stores in the US lose less revenue to shoplifting than their counterparts in other countries. The bad news: Retail workers in the US are doing more of the stealing themselves … to the tune of $16.6 billion during the past year, according to Checkpoint Systems' Global...

8 Iconic Stores That Have Disappeared

From Filene's Basement to Tower Records

(Newser) - This week, Radioshack announced the closing of some 1,100 stores, prompting speculation as to whether it will go the way of Blockbuster. That reminds a nostalgic Caitlin Dewey at the Washington Post of the key stores of yesteryear that just aren't there anymore:
  1. After more than 100 years,
...

Discounts Are Kind Of ... a Lie
 Discounts Are Kind Of ... a Lie 
Nov 29, 2013 2:54 PM CST

Discounts Are Kind Of ... a Lie

Most items that are 'on sale' were designed to sell at that price

(Newser) - If you couldn't bring yourself to rush out and do battle on Black Friday, no need to feel like you missed out: The discounts you'd be seeing if you were at the mall right now are what the Wall Street Journal calls "retail theater." Stores are...

Chill Out, Activists: Working Black Friday Is Fun

There are other ways to fight for retail employees: Angela Harmon

(Newser) - People like to hate on Black Friday and its gradual encroachment onto Thanksgiving, often "offering righteous indignation on behalf of retail workers who can’t spend the holiday with their families," writes Angela Harmon on Salon . But as a former retail employee who volunteered to work the midnight...

Do Not Buy These 6 Things on Black Friday

24/7 Wall St. lists the worst deals of retail's busiest day

(Newser) - You may be looking to spend less this holiday season—a Gallup poll says buyers will shell out an average $704 on presents, down from $770 last year—so 24/7 Wall St. wants to help you out. In order to get the most bang for your buck this Black Friday,...

Best Buy &#39;Deserves to Die&#39;
 Best Buy 'Deserves to Die' 
OPINION
Sep 20, 2013 9:30 AM CDT

Best Buy 'Deserves to Die'

It's had a big turnaround, for no reason that Matthew Yglesias could find in the store

(Newser) - Best Buy is back from the brink. Profits are up, costs are down, and the share price has tripled since December. That's the good news. "The bad news," writes Matthew Yglesias at Slate , "is that the store is awful and deserves to die." Yglesias and...

Your Phone Is Helping Stores Spy on You

Retailers tracking your location, patterns

(Newser) - These days, it's not just online retailers that are tracking consumers' every move: Physical stores are doing it, too, thanks to video footage and the smartphone in your pocket. Companies want to know which customers are returning, which sections they're visiting, and even which way they turn after...

Tax-Free Online Shopping Hits the Chopping Block

Senate votes 74 to 20 to take up bill that could spell the end

(Newser) - The halcyon days of widespread tax-free online shopping may be numbered. The Senate yesterday voted 74 to 20 to take up a bill that would let states require Internet retailers to collect sales tax, the AP reports. It could be passed within the week, though it may have a tougher...

Walmart's Problem: More Stores, Fewer Employees

Products, staff, customers disappearing from the aisles

(Newser) - Walmart's shelves are looking empty these days, and it's not because the product isn't available: The company simply doesn't have enough employees to restock them, store workers tell Bloomberg . The big blue retail behemoth has added 455 US stores over the past five years, but its...

Coming to a Mall Near You: Google?

It's considering retail stores, but no word on where, or when

(Newser) - First Microsoft jumped on the retail-store bandwagon; now Apple stores could face another rival. Google is considering opening its own retail stores, sources tell the Wall Street Journal , but we may not see them for quite a while. An insider says the company may not move on the plan this...

US Retail Sales Jumped 1.1% in September

iPhone 5 plays big role

(Newser) - Americans stepped up their retail spending in September, reflecting stronger sales of autos, electronics, and building supplies. Retail sales rose 1.1% last month, the Commerce Department said today. That followed a 1.2% increase in August, which was revised slightly higher. Both were the largest gains since October 2010....

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