Clik here to view.
Big Lots says it could close multiple stores in 2024
Columbus, Ohio — In the 240-page filing in which Top 50 retailer Big Lots outlined potential issues, it also noted that it expects multiple store closures in fiscal year 2024. In the June 13 filing...
View ArticleFred Meyer spared as Kroger looks to offload stores to secure Albertsons merger
Washington – The Kroger Company and Albertsons Cos. have released a list of the 579 stores they propose to sell off as they seek Federal Trade Commission approval for their proposed merger. The list...
View ArticleClik here to view.
DTC mattress brand shifting to “whole bedroom” approach with new launch
Chagrin Falls, Ohio – Naturepedic is pushing the envelope with the 1st of several category expansions as well as plans to boost the number of company-owned stores it operates. This week, the DTC...
View ArticleClik here to view.
Dolly debuts at Dollar General
Goodlettsville, Tenn.— Global icon Dolly Parton has designed a new collection of tabletop and kitchenware for Dollar General that is based on her rural upbringing in the Smoky Mountains of Tennessee....
View ArticleDTC brand Cozey pops up in Vancouver
Vancouver, B.C. — Online brand Cozey has launched its latest pop-up store here, which will be open through the end of September. The storefront on Granville Street in Vancouver will showcase Cozey’s...
View ArticleClik here to view.
4 more findings from Big Lots’ SEC filing
Columbus, Ohio — In its 240-page 10-Q filing with the Securities and Exchange Commission, Top 50 retailer Big Lots revealed concerns about its ability to continue as an ongoing concern as well as its...
View ArticleBack-to-college campaign aimed at sparking decorating excitement among Gen Z
Philadelphia — Urban Outfitters, which offers a line of home décor along with its fashion and accessories, has launched a multi-pronged campaign incorporating Pinterest, influencers and an in-person...
View ArticleIkea says ‘¡Bienvenidos’ to new online option
Conshohocken, Pa. — Top 50 retailer Ikea U.S. announced it has launched a complete, in-language e-commerce experience for its Spanish-speaking customers. This new platform will allow Spanish-speaking...
View ArticleMacy’s Inc. slams the door on proposed acquisition deal
New York – After months of discussions and rounds of due diligence, Macy’s Inc. is terminating interactions with Arkhouse Management Co. and Brigade Captial Management – which have been pressing since...
View ArticleDorm essentials spending expected to hit $12.2 billion this BTC season
Washington – Back-to-College spending this year could come near to touching the record-breaking layout seen in 2023. Total back-to-college spending is projected to reach $86.6 billion, the...
View ArticleHome furnishings category still down, but some positives emerge in DOC’s June...
Washington — Furniture and home furnishings retail channel sales showed their smallest year-over-year decline of the year in June according to the Department of Commerce’s advance monthly estimates....
View ArticleClik here to view.
Macy’s goes all in on “Bold New Chapter” strategy. What is it?
New York – As it rejected a buyout offer yesterday, Macy’s Inc. underscored its commitment to the company’s “Bold New Chapter” turnaround plan. Announced last February, the strategy is already underway...
View ArticleNot just books. Bedding and bath expand at Barnes and Noble campus stores
Basking Ridge, N.J. – Visitors to Barnes and Noble’s college shops can pick up more than just the reading assigned on their syllabuses this season. Barnes & Noble Education – which was spun off...
View ArticleAfter Prime Day, Wayfair weighs in with its own summer sale
Boston — Wayfair is countering Amazon’s two-day Prime Day event with its own four-day Black Friday in July sale. The event, which launches at midnight Eastern time July 26 and runs through July 29,...
View ArticleHome brands made Newsweek’s Best Retailers list
New York — Newsweek and Statista published the third annual Best Retailers list on July 17, with several home furnishings brands and Top 100 retailers among the honorees. According to Newsweek, the...
View ArticleClik here to view.
Overstock hosts grand reopening. Here’s what’s new
Midvale, Utah — Beyond Inc. announced the grand reopening of its Overstock brand on July 18. The revived Overstock.com, with a new look and feel, now has an inventory lineup that includes closeouts,...
View ArticleDeal-loving consumers turn out for Prime Day
Seattle – Prime Day, Amazon’s much-touted two-day mid-summer sale, drew customers waiting for a deal, according to market research company Numerator’s preliminary tracking. More than half (53 percent)...
View ArticleFairfax Financial to acquire Sleep Country Canada in C$1.7 billion deal
Toronto – Canadian sleep retailer Sleep Country Canada Holdings will be acquired by Fairfax Financial Holdings Ltd. in a proposed deal valued at C$1.7 billion. Once complete, the deal will take the...
View ArticleConsumer spending ‘difficult to read’ as June retail sales remain nearly...
Washington – NRF Chief Economist Jack Kleinhenz said that recent household spending habits have been, and remain, “difficult to read,” but that things are expected to grow as employment and income see...
View ArticleBig Lots’ website reveals closings to hit 10% of current store count
Columbus, Ohio — Top 50 retailer Big Lots looks to be trimming its store count by around 10%. The based discounter, which had 1,392 stores in 2023, appears to be closing 142 of its currently listed...
View Article