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Retail News

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23 May

Gap to close 75 Old Navy, Banana Republic stores

  • Categories Retail News
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The latest closures, while they represent a small part of the company’s global stores, plus the S&P downgrade, are the latest signs of trouble as Gap Inc. CEO Art Peck tries to find the …

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20 May

T.J. Maxx, Marshalls and HomeGoods plan to open thousands of new stores

  • Categories Retail News
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Although Herrman didn’t give a timeline for those store openings, the company added 47 stores in its fiscal first quarter of this year and plans to add about 150 more …

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16 May

Boring Stores Are Crushing Macy’s

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Macy’s is emerging from a four-year, $400 million renovation of its Manhattan flagship store, adding 100,000 square feet of new retail space, a sixth-floor Italian restaurant, and a floor just for …

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12 May

Pizza Hut makes delivery to top of Mount Kilimanjaro

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Pizza Hut Africa and Yum! Brands have just made history with the Highest altitude pizza delivery on land, after General Manager of Pizza Hut Africa Randall Blackford, a group of employees …

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11 May

Abercrombie adding stores in Middle East

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New Albany-based fashion retailer Abercrombie & Fitch said Monday that it will expand in Saudi Arabia, Qatar, Bahrain and Oman through a franchise agreement with Majid Al Futtaim Fashion. The …

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11 May

Staples and Office Depot call off merger

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The retailers made the announcement after a federal judge granted a preliminary injunction Tuesday that had been requested by the Federal Trade Commission, which opposed Staples(SPLS)’ plan to acquire Office Depot (ODP) for $6.3 …

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10 May

Why Adidas Is growing again in the U.S.

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The world’s second largest athletic-gear maker reported impressive first-quarter results to start off the year, with net sales rising 22% on a currency-neutral basis in North America from a year …

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05 May

Eataly’s coming to Canada

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Oscar Farinetti, Eataly’s founder, co-owner and chairman, said a location in central Toronto has been found and that the Westons would have 52 per cent of the real estate and …

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02 May

Cuba? Always off-limits to U.S. retailers

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There’s no doubt it has been a historic few months in Cuba/U.S. relations, with the last vestiges of the Cold War continuing to melt in the Caribbean.  In March, when …

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02 May

Dunkin’ Donuts to test delivery service in Boston

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There’s on-demand delivery of groceries in Boston, along with beer, baby products, and dog food. Now you can add doughnuts and coffee to the list. Chief executive Nigel Travis said …

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