News covering home textiles executives, merchants, retailers, manufacturers, designers and suppliers
There’s too much product in stores, according to Macy’s Inc., and the company is testing how much needs to come out. More
Macy’s Inc. has made two senior promotions to drive mobile and digital growth. More
Ollie’s Bargain Outlet is benefiting from retail turmoil, execs said during the retailer’s Q1 call. More
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Home Alone 3
February 20, 2017Farewell to the heyday of the Great American Shopping Center. We knew thee well. But it ain’t over yet. The waning days of many malls have been in progress for over a decade and if the pace is accelerating more recently, it’s not surprising. With Macy’s closing 100 stores, Sears baling out of centers as fast as they can and others likely to follow, it doesn’t take a real estate scientist to figure out that malls are, if not an endangered species, at least a diminished one. A lot of the B and C malls are ...
November 21, 2016It’s cold today in huge swaths of the U.S. – the first day for hats, scarves and gloves. Arriving right on cue ahead of the kick-off to the holiday season, it’s the kind of weather that should put people in the mood for shopping. But it wasn’t cold, or nearly cold enough, during the holiday 2015 shopping season. That left a lot of retailers sitting on a pile of unsold coats, jackets and other cold weather goods. They vowed in the aftermath they would not make the same mistake this year. Many of them put a name ...
January 21, 2014While I did not get to every one of the nine exhibition halls at Heimtextil earlier this month, I spent a fair amount of time in those devoted to trend, European design, and the major Asian manufacturers. Here's what jumped out at me:A return to quality - Manufacturers said retailers are up-specing product. Did you fall off your chair? Please take a moment to right yourself. Said up-specing revolves around the idea of "affordable luxury" as opposed to true luxury, but it's a sign of growing confidence in consumers' willingness to spend a little more again. Portugal - Who ...
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