Saks Fifth Avenue’s bankruptcy filing has revived debates about how these once celebrated shopping emporiums can regain their luster.
Can department stores evolve enough to regain relevance? It might take more than the magic of Macy’s. The reason could be encapsulated in one sobering sentence by Macy’s CEO Tony Spring: The chain had ...
While many department stores are closing, the family-owned Boscov's continues to open new locations. Boscov's employees attribute the chain's success to its focus on customer service. Unlike ...
Luxury's slowdown and the shift to casual are pushing retailers to prioritize athleisure and events to sustain growth, ...
The retail model is in retreat. But that doesn’t mean it — or its billions in sales — will disappear any time soon.
Department stores are losing out on retail’s wins, teeing them up for owners to rethink or redevelop the large sites. Once considered a retail necessity to attract shoppers to sprawling malls, the ...
Lower-performing shopping malls in the U.S. that once seemed destined to languish or close are getting renewed attention. Last week, for example, Walmart revealed that it bought a mall in the ...