Marianne Wilson

Editor

Articles by author

  • Mar 23 2017
    Lord & Taylor is looking to engage shoppers with a new luxe concept dedicated entirely to one of its core categories: dresses.
     
    The retailer has transformed the fifth floor of its Manhattan flagship into a dedicated space for dress shopping for all occasions. Spanning over 30,000 sq. ft., the updated space includes a rotating pop-up shop that launches with one-of-a-kind vintage designer dresses, a concierge service, and The Gallery, a dedicated area for designer dresses.
     
    Requires Online Subscription
  • Mar 23 2017
    Whole Foods Market has opened its second largest location in Chicagoland.
       
    The supermarket retailer has opened a 76,000-sq.-ft. store in the city’s Lakeview area. It replaces an older Whole Foods across the street. The older store, which opened in 1996, closed the day the new store opened.
      
    Requires Online Subscription
  • Mar 23 2017
    Five Below Inc. reported its 11th consecutive quarter of positive same-store sales results amid bullish growth plans for the current year.
     
    The value retailer, which targets tweens and teens with a wide array of goods all priced at $5 or below, said it will open 100 stores in 2017, including its first ever locations in the state of California. The chain opened 85 net new stores in 2016.
     
    Requires Online Subscription
  • Mar 23 2017
    Industry experts are predicting that Bebe stores will be the next apparel retailer to declare Chapter 11.
     
    The fashion retailer on Thursday said it had retained B. Riley & Co.as financial advisor, and has also has hired a real estate advisor to “assist with options related to its lease holdings."
     
    Requires Online Subscription
  • Mar 23 2017
    The chief executive of Citi Trends has resigned after two years on the job.
     
    The value-oriented fashion retailer said that Jason Mazzola has resigned as CEO and director “to pursue another opportunity.” It named retail veteran Bruce Smith, currently Citi Trends COO and CFO, as acting chief executive officer, and Ed Anderson as executive chairman, effective immediately.
       
    Requires Online Subscription
  • Mar 22 2017
    Starbucks Corp. is ramping up its job hiring, here and abroad. It’s also doubling down on its commitment to the nation’s veterans. 
     
    Hosting its 25th annual shareholders meeting in Seattle, the coffee giant announced plans to create more than 240,000 jobs around the world, including 68,000 jobs in the United States, by 2021.
     
    Requires Online Subscription
  • Mar 22 2017
    Sears Holding Corp. tried to walk back the uproar it caused early Tuesday morning when the struggling retailer included cautionary language about whether it would be able to continue as a "going concern” in its annual 10-K filing. 
     
    Requires Online Subscription
  • Mar 22 2017
    Moody's Investors Service has some good news for the U.S. supermarket industry. 
     
    Grocery stores’ operating profits will grow at a fairly healthy rate again this year after a disappointing 2016, according to Moody’s new report, "Companies Will Perform Better in 2017 as Deflationary Pressure Wanes. Profitability last year was crimped by an unprecedented level of deflation for an economy not in recession, the report noted, but as downward pressure on prices wanes, things will pick up in the latter half of this year.
    Requires Online Subscription
  • Mar 22 2017
    Sears Canada Inc. is going all out with its plans for an in-store off-price shop.
     
    The chain will unveil the dedicated shop, called The Cut, this spring, and plans to roll it out to all its 94 stores. The off-price concept launched its own e-commerce website last week. 
       
    The Cut will take up from 30,000 sq. ft. to 40,000 sq. ft. inside the stores and will be evenly split between apparel and home offerings, according to Women’s Wear Daily.
        
    Requires Online Subscription
  • Mar 22 2017
    Lighting rebates hit a record of sorts in 2016.
     
    Commercial lighting rebates covered 79% of the United States, according to BriteSwitch, which is a record high since the rebate processing company began measuring rebate coverage nine years ago.
     
    The company cited several reasons for the historic high, including that many programs replenished their rebate funds in January. Also, some large programs that ran out of money years ago have come back such as FirstEnergy in Ohio and Duquesne Light in Pennsylvania.
    Requires Online Subscription