A bad quarter has sent fashion retailer H&M scrambling to adjust its strategy. The Swedish group said that strategy now includes closing more stores and opening fewer new ones, as well as beginning to sell its brand’s offerings on Chinese eCommerce platform Tmall. Get the...
Sears, the embattled retailer, is gearing up to close eight of its brick-and-mortar department stores and 35 Kmart stores in an effort to slash costs and square footage and return to a profit, reported Reuters. Get the Full Story Complete the form to unlock this...
Brick-and-mortar stores are having a moment. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to...
Big-box retailers have seen store closures left and right over the past year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
January 03, 2019
It’s the end of an era: Lord & Taylor announced that it has left its landmark Fifth Avenue store in New York City. The retailer’s parent company, Hudson’s Bay Company (HBC), sold the iconic 676,000-square-foot building to WeWork for $850 million in fall 2017, in a deal aimed to lower HBC’s debt levels and give WeWork a new headquarters in […]
December 15, 2017
A bad quarter has sent fashion retailer H&M scrambling to adjust its strategy. The Swedish group said that strategy now includes closing more stores and opening fewer new ones, as...
July 10, 2017
Sears, the embattled retailer, is gearing up to close eight of its brick-and-mortar department stores and 35 Kmart stores in an effort to slash costs and square footage and return...
