J.C. Penney loss narrows in Q3 as sales declines continue
Dec 18, 2024 · Dive Brief: J.C. Penney’s Q3 net sales fell 8% to $1.4 billion, according to financial filings Monday.With credit card income up nearly 33%, total revenue fell 6.2% to $1.5 billion. Gross margin ...
Soft Surroundings files for bankruptcy, will close all stores
Dec 19, 2024 · Dive Brief: Women’s apparel retailer Soft Surroundings last week filed for Chapter 11 bankruptcy in the Southern District of Texas’s Houston Division. The company will close all 44 stores ...
Macy’s taps actress Alison Brie for holiday campaign
Oct 29, 2024 · The Macy’s campaign kicks off as major competitors battle for holiday dollars in the critically important fourth quarter. Old Navy is running stylized holiday house party ads featuring singer ...
Nearly half of Gen Z shoppers to buy holiday gifts from Chinese ...
Dec 19, 2024 · Dive Brief: As shoppers hunt for bargains this holiday season, over a third (36%) are turning to Chinese marketplaces, according to a survey of 1,000 American consumers by marketing tech firm ...
Will Kohl’s have to close stores? - Retail Dive
Nov 27, 2024 · About a year and a half ago, Kohl’s was talking about expanding its store fleet, and CEO Tom Kingsbury said all locations were profitable.So far, the company has been true to its word: In 2023 ...
Popshelf updates all stores to new format, will exit Dollar General ...
Oct 18, 2024 · Dive Insight: The changes at Popshelf come about four years after parent company Dollar General opened the first store in late 2020. Since then, the chain has grown to more than 200 stores in 21 ...
Walmart launches immersive digital shopping experience
May 29, 2024 · Dive Insight: Walmart is diving deeper into immersive experiences. Walmart Realm features influencer-led, virtual shops that are meant to shorten the distance between inspiration and shopping.
GameStop eyes more store closures as sales fall 31%
Dec 19, 2024 · Dive Brief: GameStop’s Q2 net sales fell 31.4% to $798 million, down from about $1.2 billion a year ago, the company said in a Tuesday earnings announcement.Gross profit for Q2 fell nearly 19% ...
Dollar General plans 800 stores this year as rival Dollar Tree pulls ...
Mar 14, 2024 · Dive Brief: One month after opening its 20,000th store, Dollar General said during a Thursday earnings call that it plans to open 800 more new stores, remodel 1,500 locations and relocate 85 ...
Jennifer Hudson stars in Old Navy’s latest holiday campaign
Oct 28, 2024 · Dive Brief: Emphasizing seasonal fashions at affordable prices, Old Navy is turning up the heat this season with a glitzy party-driven ad campaign featuring singer Jennifer Hudson and a cast of ...