February 27,
2017 by Larry Thomas in Economic News, Industry
Despite strong existing home sales, housing starts grew at a very sluggish pace in the third quarter of last year, according to data from the U.S. Census Bureau.
February 27,
2017 by Larry Thomas in Business Strategy, Industry
The National Retail Federation has called on the U.S. Maritime Alliance and the International Longshoremen’s Assn. to work together to avoid a one-day shutdown of East Coast and Gulf Coast ports that reportedly has been threatened by the union.
February 24,
2017 by Jane Chero in Industry, Retail Closing
JCPenney announced Friday it will close 130 to 140 stores and two distribution centers in the next few months, allowing the retailer to focus its investments on stores with the greatest revenue potential.
February 24,
2017 by Larry Thomas in Financial Reports, Industry
A variety of restructuring costs, as well as expenses stemming from the launch of RH Modern, erased much of Restoration Hardware’s fourth-quarter profit, according to preliminary financial results released by the lifestyle retailer.
February 24,
2017 by Larry Thomas in Industry, Retail Technology
Aiming to enhance the websites of its retail customers and boost store traffic, top 10 mattress manufacturer King Koil has launched a digital marketing program.
February 24,
2017 by Larry Thomas in Financial Reports, Industry
Struggling retailer HH Gregg (NASDAQ: HHG) is preparing to file for Chapter 11 bankruptcy protection – possibly as soon as next month, according to a report from Bloomberg News.