Traditional retail may have been given a late Christmas gift from, of all places, UPS.
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News
DEBRA HAZEL’S BLOG POST ON GLOBEST.COM — “RACKING” UP FOR MILLENNIALS
The luxury off-price boom may not have been just a way for retailers to appeal to suddenly cash-strapped customers, says a recent article. It may be a way to train younger consumers to appreciate (and buy) the finer things in life later on.
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DEBRA HAZEL’S BLOG POST ON GLOBEST.COM — DOING WELL AT DDR
The new year brings some good news from DDR Corp., which reported its results including a lot of buying and selling, its highest leased percentage in five years—and, yes, new development.
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Debra Hazel’s Blog Post on GlobeSt.com — Efficient Shoppers, Efficient Retailer
You know you’re in a different retail world when a decent holiday sales season still leads to cost-cutting at Macy’s.
After posting a 3.6 percent comp-store sales increase in December, the company announced that it will close stores in Mesa, AZ; Overland Park, KS; Florissant, MO; Irondequoit, NY; and Murray, UT.
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Refocusing HHGregg
Attention, hhgregg landlords (and their furniture store tenants): you’re getting a very different retailer than the one you originally signed.
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DEBRA HAZEL’S BLOG POST ON GLOBEST.COM — UNLUCKY 11
Here we go again: For the second time in three years and third time overall, legendary discounter Loehmann’s Holdings has entered Chapter 11 bankruptcy protection.
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Debra Hazel’s Blog Post on GlobeSt.com — Better, Not Bigger
Bigger isn’t always better—better is better. At least that was the theme of Kimco Realty Corp.’s annual Investor Day. The company plans on continuing to sell assets that do not fit a top-of-market strategy and a plan to simplify what had become a very complicated structure of joint venture partnerships, etc.
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Debra Hazel’s Blog Post on GlobeSt.com – “Stan Johnson Co. on ICSC?”
Given that the upcoming ICSC New York National Conference, being held in New York City on Dec. 9 and 10, is the association’s second largest meeting of the year (Las Vegas, of course, is the largest), it shouldn’t be surprising that it has in fact become a mini-RECon, attracting attendance from more than just the Northeast.
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Debra Hazel’s Blog Post on GlobeSt.com – “Department Store Diss?”
Less than two weeks ago, retail legend Les Wexner called department stores “irrelevant.” This week, JCPenney CEO Myron Ullman says his troubled company may post positive same-store sales comps for the first time in ages.
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Debra Hazel’s Blog Post on GlobeSt.com – “Fresh & Not-So-Easy?”
So maybe it was a not-so-grand experiment.
In an increasingly globalized world, one where IKEA is seemingly in every nation on Earth and Walmart is getting there, why wouldn’t British supermarket giant Tesco succeed in opening markets in the United States?
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