America has turned its back on big department stores

1 week ago

Why it seems like all of America’s chains are closing

CNN

New York CNN — The retail store apocalypse stormed back in 2024. Bigger chains can buy larger quantities of goods at a steeper discount than smaller players, and they can put vast sums of money into technology and store improvements that even medium-sized retailers can’t afford. Brutal year for the middle The rise in store closures this year harkens back …

Retail Bankruptcy Filed Tariffs Retailers Consumers Store

1 week, 1 day ago

Big Lots reaches deal to keep hundreds of its stores open amid bankruptcy

Hindustan Times

Big Lots has reached a deal to keep hundreds of its stores open amid its bankruptcy process. FILE - A shopper leaves the Big Lots store on Dec. 4, 2012 in Berlin, Vt. Big Lots reaches deal to save hundreds of stores amid bankruptcy Friday's transaction with the Boston-based asset liquidation firm would result in the transfer of 200 to …

Bankruptcy Lots Big Lots Its Stores Gordon Brothers Stores Open Variety Wholesalers

1 week, 2 days ago

Value seekers drove 2024’s retail trends and dead ends

LA Times

Among retailers and restaurants, there were winners and losers as consumers wrestled with high housing and food prices in 2024. Here are some of the trends — and dead ends — that the Associated Press tracked in 2024: WINNERS: WALMART The nation’s largest retailer typically shines during tough times as shoppers turn to the discounter for groceries, which account for …

Food Retail Sales Company This Year Value Target

1 week, 2 days ago

Value-seekers drove 2024’s retail trends and dead ends

Associated Press

Value was in vogue in 2024. But Amazon could face headwinds in the coming year with threatened tariffs on products from China and labor unrest in the U.S. FAST CASUAL CHAINS It was a good year for restaurant chains like Shake Shack that are a step up from fast food but still offer good value. The company’s sales slumped as …

Food Retail Sales Company This Year Target Mcdonald

Value-seekers drove 2024's retail trends and dead ends

The Independent

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. But Amazon could face headwinds in the coming …

Food Retail Sales This Year Target Big Mcdonald

Holiday shoppers increased spending by 3.8% despite higher prices

Associated Press

Sales rose this year during the holiday shopping season even as Americans wrestled with elevated prices for many groceries and other necessities, according to new data. Holiday sales from the beginning of November through Christmas Eve climbed 3.8%, outpacing the 3.1% increase from a year earlier, according to Mastercard SpendingPulse, which tracks all kinds of payments including cash and debit …

Retail Sales Spending Holiday Shoppers

1 week, 6 days ago

'Shocking development': New York Times reporter reveals what is driving huge sales numbers

Raw Story

Consumers set a massive record in holiday sales as people finally began to feel the pressure of inflation ease, New York Times business and policy reporter Lauren Hirsch told MSNBC's Jessica Layton on Thursday. This follows a number of other reports from retailers showing healthy sales — and not just the traditionally solid online stores, they noted, but, in a …

Hirsch Layton Shopping Season

2 weeks, 3 days ago

The Nordstrom family is taking back control of its store in a $6.25 billion deal

CNN

New York CNN — Nordstrom, the upscale department store chain, is going private in a $6.25 billion deal with its founding family. The retailer announced Monday that the family — Erik, Pete and Jamie Nordstrom — as well as Mexican department store chain El Puerto de Liverpool will acquire the remaining shares they don’t own, giving the family a majority …

Family Nordstrom

2 weeks, 5 days ago

Big Lots conducts going-out-of-business sales after sale of company falls through

Associated Press

NEW YORK — Discount chain Big Lots is conducting going-out-of-business sales at its remaining locations after a sale of the company didn’t materialize. The Columbus, Ohio-based retailer, which sells furniture, home decor and other items, filed for Chapter 11 bankruptcy protection in early September and said private equity firm Nexus Capital Management LP had agreed to acquire “substantially all of …

Sale Big Lots Big Lots

2 weeks, 5 days ago

See the full list of Big Lots stores as discount retailer reveals closures and 'going out of business' sales

Daily Mail

Big Lot has announced a full list of all its stores which are set to close down. More than 400 Big Lots stores have already closed this year, marking a 30 percent decrease in its footprint. Big Lots full list of store closures Alabama - 23 stores Arizona - nine stores Arkansas - nine stores California - 22 stores Colorado …

Big Full List Lots Big Lots Stores Closed Store Closures Big Lot

3 weeks, 2 days ago

Retail sales rose at healthy pace last month in latest sign of U.S. economy’s health

LA Times

Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season. Retail sales rose 0.7% in November, the Commerce Department said Tuesday, a solid increase and higher than October’s 0.5% gain. Analysts envisioned a solid holiday shopping season, though perhaps not as robust as last …

Holiday Shopping Retail Sales Fed Rate Stores

3 weeks, 2 days ago

US retailers have shut 7,300 stores so far this year, up nearly 60% from 2023

Daily Mail

US retailers have closed 7,308 stores so far this year in what has been dubbed a 'retail bloodbath.' In the week ending December 13 129 stores were closed across the country, including 41 Family Dollar locations, 20 Dollar Generals and eight Dollar Trees. Family Dollar, which operates under the Dollar Tree brand, has closed the most stores in the last …

Retailers Dollar Saunders Closed Lots Big Lots Family Dollar

3 weeks, 5 days ago

Why Macy's is shutting down dozens of stores across US

India Today

Digital Mitchell Store Stores Macy Digital Presence

4 weeks ago

Vroom time: Expect Big QCom to rev up India’s retail revolution

Live Mint

Amazon is entering India’s quick commerce race, close on the heels of pilots from Flipkart and Reliance. The rise of Big QCom, if we may call it that, is likely to disrupt the country’s retail trade in all its forms and also impact other segments of this industry. Traditional retailers, the kirana or corner shops, are likely to be impacted …

India Quick Big Kirana Corner Shops Retail Revolution Big Qcom

4 weeks ago

The incredible shrinking store: Big-box retailers embrace smaller stores to fit into more neighborhoods

The Independent

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. “A Plan and Order point with Pick-up is …

Target Retailers Store Stores Square Foot Ikea Smaller

4 weeks, 1 day ago

Down apparel sales up big in colder weather

China Daily

A view of a Bosideng store in Beijing in November. In the first half of its fiscal year 2024, Bosideng reported a revenue growth of 17.83 percent year-on-year to 8.8 billion yuan, and its operating profit increased by 19.6 percent to 1.47 billion yuan, with operating profit margin growing to 16.7 percent. Down jacket sales accounted for 6 billion yuan, …

Billion Yuan Bosideng Store

4 weeks, 2 days ago

US retail blackout: Walmart, Target, Costco and others to close down on this day after Thanksgiving shutout

Hindustan Times

As per the prevailing holiday traditions of US retailers, you may want to check Christmas shopping off your festive to-do list earlier than planned. Major retail giants across America, including Walmart, Target, Costco and Trader Joe’s, will remain closed for Christmas Day. Big stores closed for Christmas Walmart and Trader Joe’s are merely two such big names that will follow …

Retail Christmas Thanksgiving Target Walmart Trader Joe Costco

1 month ago

Retailers point to solid U.S. sales over holiday weekend

Raw Story

U.S. consumers turned out in force in stores and online over the Thanksgiving weekend, a key stretch in the holiday shopping season, a leading retailer group said Tuesday. A total of 197 million shoppers, about 59 percent of the U.S. population, made purchases during a five-day stretch that includes Black Friday and Cyber Monday, according to figures from the National …

Nrf Holiday Weekend

1 month, 1 week ago

Black Friday goes digital as Americans rack up $10bn worth of online purchases

The Independent

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Americans spent a staggering …

Online Sales Black Friday

1 month, 1 week ago

Why Temu and Shein could give Western retailers a run for their money this holiday season

Associated Press

Shopping on Temu can feel like playing an arcade game. By all accounts, we’re living in an accelerating age for consumerism, one that Temu, which is owned by the Chinese e-commerce company PDD Holdings, and Shein, its fierce rival, supercharged with social media savvy and an interminable assortment of cheap goods, most shipped directly from merchants in China based on …

China Flowers Products Online Company Platform Items

1 month, 1 week ago

Why your favorite catalogs are smaller this holiday season

Associated Press

PORTLAND, Maine — Honey, they shrunk the catalogs. But they hold their own in value because of growing digital advertising costs, helping retailers cut through the noise for consumers barraged by multi-format In an unlikely twist, notable e-commerce companies like Amazon and home goods supplier Wayfair started distributing catalogs in recent years. “The psychology shows that three-dimensional, tactile experiences are …

Maine Paper Zhang Retailers Size Holiday Season Catalog

1 month, 1 week ago

Black Friday deals you can’t miss in the US: Amazon, Target, Walmart, Macy’s and more

Live Mint

Black Friday 2024 has arrived, bringing some of the year's best deals across a wide range of products at stores throughout the United States. Whether you're looking for the latest tech, home essentials, or holiday gifts, this year’s Black Friday deals are designed to give you everything you need at unbeatable prices. Target Target's Black Friday Deals include up to …

Savings Black Clothing Amazon Discounts Deals Target

1 month, 2 weeks ago

Walmart to shut out Thanksgiving rush as over 4K stores continue 4-year holiday tradition; other retailers follow suit

Hindustan Times

Thanksgiving Walmart

1 month, 2 weeks ago

US consumers to bargain hunt in annual 'Black Friday' spree

Deccan Chronicle

NEW YORK: US shoppers are coming out in force this holiday season, but the festiveness is being tempered by inflationary pressures that have abated but not completely faded. Americans are "ready to open their wallets this holiday season," said the Conference Board ahead of Black Friday -- the day after Thanksgiving, which this year, falls on November 28 -- that …

Holiday Consumer Black Trump Black Friday Saunders Shopping Season

1 month, 2 weeks ago

A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarter

Hindustan Times

NEW YORK — Target on Wednesday reported sluggish sales and slumping profits in the fiscal third quarter as inflation-weary customers curtailed their spending on apparel and other non-essential items. A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarter The Minneapolis retailer fell short of Wall Street expectations for the quarter, and its profit and …

Prices Sales Share Quarter Target Items Walmart

1 month, 2 weeks ago

A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarter

Associated Press

NEW YORK — Target on Wednesday reported sluggish sales and slumping profits in the fiscal third quarter as inflation-weary customers curtailed their spending on apparel and other non-essential items. Costs related to a U.S. dockworkers’ strike in October also dragged on Target’s results at a time when Americans are spending more selectively, the company said. And even if Target has …

Prices Sales Share Target Items Walmart Saunders

1 month, 3 weeks ago

Walmart keeps growing with shoppers making more than $100,000 a year

CNN

New York CNN — Walmart’s business is surging. Walmart’s US sales at stores open for at least a year grew 5.3% last quarter compared with the year prior, the company said Tuesday. Walmart said it gained market share last quarter, driven “primarily from upper-income households.” Low and middle-income shoppers have traditionally formed the core of Walmart’s customer base, and they …

Walmart

1 month, 3 weeks ago

Retail sales up solidly in October as Americans showed continued willingness to spend

Associated Press

WASHINGTON — Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growth. Retail sales rose 0.4% from September to October, the Commerce Department said Friday, a solid increase though less than the previous month’s robust 0.8% gain. “People may not love how much it costs to go …

Economy Retail Prices Sales Spending Spend Walmart

1 month, 3 weeks ago

Retail sales up solidly in October as Americans showed continued willingness to spend

LA Times

Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growth. Retail sales rose 0.4% from September to October, the Commerce Department said Friday, a solid increase though less than the previous month’s robust 0.8% gain. Sales in some categories fell — furniture stores, clothing outlets and drug …

Economy Retail Prices Sales Spending Spend Walmart

2 months, 1 week ago

High Street Stores Bounce Back as Consumers Embrace Physical Shopping

China Daily

High street stores are making a comeback in Europe, signaling a lessening of consumer desire for the convenience of online shopping. Physical shopping is not necessarily a vote in favor of real-world retail and against the online experience, however. Many shops have now taken on board digital features such as touch-screen options for customers to use in store.

Entertainment Business Law Funny London

High Street Revival: The Comeback of Physical Shopping in Europe

China Daily

High street stores are making a comeback in Europe, signaling a lessening of consumer desire for the convenience of online shopping. Physical shopping is not necessarily a vote in favor of real-world retail and against the online experience, however. Many shops have now taken on board digital features such as touch-screen options for customers to use in store.

Entertainment Business Law Funny London

2 months, 2 weeks ago

Target Cuts Prices on 2,000 Items in a Price War Ahead of Holiday Season

CNN

Target is slashing prices on 2,000 items ahead of the holiday shopping season. Some prices have dropped effective immediately on a number of items, including home goods, beauty products, food, beverages and toys. The new round of cuts affects name brands like Lego and Coffee Mate, as well as its house brands. Target will continue the price cuts through December.

Entertainment Business Law Sales New York

2 months, 2 weeks ago

Will US convenience stores find the secret to selling better food?

The Independent

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Food Convenience Convenience Stores Sales Locations Store Chicken

2 months, 2 weeks ago

Convenience Stores Embracing Food Innovation: From Hot Dogs to Burgers

Associated Press

Convenience stores are expanding their food offerings to attract customers looking for better food options on their road trips. They are offering healthier choices such as salads, sandwiches, and burgers, as well as traditional items like hot dogs and burritos. This move is aimed at offsetting slowing sales of cigarettes, maps, and soft drinks, and is also a way for …

Entertainment Law Crime Funny New York City

2 months, 3 weeks ago

U.S. shoppers spent more at retailers last month in latest sign consumers are driving growth

LA Times

Americans stepped up their purchases at retailers last month as low unemployment, steady pay gains and rising stock and home values helped sustain their willingness to spend despite higher prices. The retail sales figures aren’t adjusted for inflation, and the prices of goods fell slightly last month. Thursday’s retail sales report arrives amid expectations for a solid holiday shopping season, …

Holiday Retail Prices Sales Spending Month Fed

2 months, 3 weeks ago

Discount retailer is shutting 500 of its 1,400 stores: Here's the full list

Daily Mail

Big Lots has announced details of another 208 stores it plans to shut as it battles bankruptcy. Big Lots store in Dennis Port, Massachusetts, on Cape Cod, is shutting soon, and has up to 50 percent off in its clearance sale Retail experts say Big Lots main problem is that it markets itself as a place for bargains, but it …

Bankruptcy Big Store Retailer Stores Big Lots Lots Filed

3 months ago

Major UK retailer increases its market share to highest level in seven years as supermarkets fight for customers amid inflation rises

Daily Mail

Tesco has increased its market share to its highest level in seven years as retailers attempt to manage growth amid continued inflation rises. In new figures, it has been revealed that Britain's largest retailer now boasts a market share of 28 per cent, up over half a per cent from this time last year. Meanwhile, other supermarket giants such as …

Inflation Market Share Price Cent Britain Rose Consumers

3 months, 3 weeks ago

U.S. retail sales ticked up last month in sign of ongoing consumer resilience

LA Times

Americans spent a bit more at retailers last month, providing a small boost to the economy just as the Federal Reserve considers how much to cut its key interest rate. Retail sales ticked up 0.1% from July to August, after jumping the most in a year and a half the previous month, the Commerce Department said Tuesday. Average paychecks, particularly …

Trump Sales Ongoing Consumer

3 months, 3 weeks ago

If we’re sick of buying online and the high street has died, where will we shop?

The Independent

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

Retail Online Online Shopping High Our Weekly Guide Payne Irl

3 months, 3 weeks ago

Walmart embarks on ‘style tour’ to prove it is a fashion destination, with two stops in L.A.

LA Times

In its latest bid to be seen as an affordable fashion destination, Walmart is hitting the road to prove that it has more to offer beyond household essentials and grocery staples. “Fashion basics — they’re not trying to get too far afield, but be on trend,” said Joe Feldman, senior managing director at Telsey Advisory Group. “It’s more about brand-building …

Fashion Walmart Retailer

4 months ago

Big Lots files for bankruptcy amid significant store closures

LA Times

After announcing the closure of more than 50 stores in California, the discount retailer Big Lots has filed for Chapter 11 bankruptcy and will be purchased by a private equity firm. “Though the majority of our store locations are profitable, we intend to move forward with a more focused footprint,” Big Lots President and Chief Executive Bruce Thorn said in …

Company Big Store Lots Big Lots

4 months, 2 weeks ago

Macy’s swings to a second quarter profit, but sales surprisingly weak as customers grow cautious

Associated Press

NEW YORK — Macy’s swung back to a profit in its second quarter but suffered yet another sales decline as inflationary weary shoppers rein in spending, with their focus increasingly on buying the essentials. At the first 50 stores that Macy’s has overhauled, same store sales have rising for two consecutive quarters, said Tony Spring, who became chairman and CEO …

Sales Billion Stores Macy Bluemercury Comparable Sales

4 months, 2 weeks ago

A tale of two retailers: Target reverses sales slump while Macy’s reports another quarterly decline

Associated Press

NEW YORK — Grocery aisle deals and an emphasis on affordable but stylish clothes helped Target reverse a year-long sales slump, while Macy’s on Wednesday reported another quarterly decline and said sales for the fiscal year will be weaker than expected due to a “more discriminating consumer” outlook. Macy’s posted a profit of $150 million, or 53 cents per share, …

Company Share Billion Quarter Target Stores Macy

4 months, 2 weeks ago

Target slashed prices. It paid off

CNN

New York CNN — US consumers, strained by years of higher prices and elevated interest rates, are changing their shopping patterns. Target’s sales at stores open at least one year increased 2% last quarter, and its profit boomed 36%. Walmart’s US sales at stores open for at least one year increased 4.2% last quarter. Target’s core middle-class customer base has …

Prices Target Consumers Walmart Stores Higher Prices Macy

4 months, 3 weeks ago

Subway crisis: Major fast-food giant calls for ‘emergency’ meeting with 19,000 shops amid sinking sales

Hindustan Times

American fast food giant Subway has called for an emergency meeting amid a sales crisis. “They are doing crazy coupons,” he emphasised, “Our gross sales are not even at 2012 levels, and profit then was five times what it is today.” Subway was also criticised for “charging $6.99 for any sub while they are $11 on the menu” and “offering …

Reported Post Roark Capital Sales Subway Customer Traffic

4 months, 3 weeks ago

U.S. shoppers sharply boosted spending at retailers in July despite higher prices

LA Times

Americans stepped up their spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates. The Commerce Department reported Thursday that retail sales jumped 1% from June to July, the biggest such increase since January 2023, after having declined …

Retail Inflation Sales Spending Month Shoppers Sharply Prices Americans

4 months, 3 weeks ago

America's biggest grocery chain investigated over Uber-style surge pricing

Daily Mail

Kroger, America's biggest supermarket chain, is being investigated over its use of electronic price labels on store shelves nationwide. In a letter to Kroger's CEO Rodney McMullen, the senators expressed worries that the technology could be used to gouge customers and hike grocery prices during peak shopping times. Kroger is being investigated over its use of electronic price labels on …

Prices Price Pricing Walmart Surge Customers Stores

4 months, 4 weeks ago

Mountain Warehouse to open more stores amid return to profit

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The retail chain said it has opened 20 stores …

Open Sites Stores Mountain Warehouse Uk Amid

5 months ago

Asda sales shrink as customers switch to supermarket rivals

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asda sales dropped further over …

Sales Asda Mohsin Issa Customers Switch Market Rivals

5 months ago

Major US discount retailer to close as many as 315 stores as retail apocalypse gathers pace

Daily Mail

Big Lots is closing up to 315 stores across multiple states as it suffers from growing financial woes. Big Lots is the latest to shutter stores this year, with the US on course to lose nearly 8,000 physical locations by the end of 2024. The discount homeware chain has identified scores of locations across several states which are due to …

Locations Big Store Close Stores Lots Big Lots

America has turned its back on big department stores

History of this topic

Major national department store abruptly shuts four stores across several states

If we lose high street shopping, we lose an experience of incomparable joy

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