We find this article kind of disturbing. People are resorting to powdered milk now? Grocery sales probably won't go downhill any time soon, but consumers are sure getting hit. How much more can costs increase? And how long will this continue?
How could this have happened? The largest apparel retailer in the US didn't really plan where it was putting stores, according to Chairman and CEO Glenn Murphy. "We've never had a clear real estate strategy," Murphy said. "We now have that information, and it will allow us to make quick decisions." Now,...
We came across this fun survey recently that we thought you'd might enjoy. A research firm asked shoppers at five chains, Wal-Mart, Kohl's, JCPenney, Macy's and Target, who they would choose for president. The strongest sentiment for a candidate was pushed by Macy's consumers, 47.2% who said they are...
So a bankruptcy court approved the $163-million sale of Steve & Barry's to Bay Harbour Management. Apparently, Bay Harbour plans to run the business as a "going concern," but the New York City-based firm is planning on closing some of its 276 stores. Management expects to announce how many will be...
Both Lowe's and Home Depot reported their second quarters this week, and there weren't many surprises. Lowe's experienced a same-store sales drop of 5.3% year over year, while Home Depot posted a 7.9% slide, due to continued weakness in the housing market. Additionally, Lowe's earnings per diluted share...