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Why is Michaels such a successful retailer?
2019.07.08
Michaels Stores Inc. is the largest arts and crafts retailer in North America. Founded in 1983, Michaels is headquartered in Irvine, Texas, and provides home décor, seasonal decorations, arts and crafts supplies, and party supplies. With $5,271.9 million in sales in fiscal 2018, Michaels operated 1,258 Michaels retail stores in 49 states and Canada, with approximately 18,000 average square feet of selling space per store.Read More + -
Sales and same-store sales dive as retailer clears out lower-priced, low-margin goods
2019.07.04
FORT WORTH, Texas — Pier 1 Imports posted a 15.5% slump in fiscal first quarter sales and a jump in its net loss for the period, as the retailer worked to clear out lower-margin, lower-priced goods in a bid to turn around its struggling business.Read More + -
Furniture sector sales edge up in May
2019.07.03
WASHINGTON — Furniture and home furnishings store sales edged up in May after taking a dip in April, although the sector growth continued to lag behind the broad retail sector.Read More + -
Sears Home & Life stores open in Kansas, Louisiana and Alaska
2019.06.20
HOFFMAN ESTATES, Ill. — Sears has opened three of its Sears Home & Life stores — the retailer’s new small-format specialized store concept — in Overland Park, Kan.; Lafayette, La.; and Anchorage, Alaska.Read More + -
The Future of Retail Is Not Big Box Stores
2019.06.20
Retail is a big business in America. In 2013 American consumers spent $3.2 billion shopping, 9% of which was online. With the Internet having become such a huge part of our lives and culture, it makes sense that retailers which want to survive the next 20 years will need to have an e-commerce strategy.Read More + -
Retailers wrestling with global trade disruptions
2019.06.20
HIGH POINT — Just as furniture retailers begin to raise prices on their floors for Chinese imports, along comes the new threat of a 5% tariff on Mexican imports that could climb to 25%, too.Read More + -
Top Living Room Decor Trends for 2020
2019.06.19
The living room is the calling card of our homes. The space where you probably spend more of your time when at home (unless you work from an home office, as I do, so yes you will probably spend more time there..!), but it is also the room that is open to guests, where to spend time together with other people.Read More + -
UK retail Christmas trading: a round-up
2019.06.14
Tesco announced its best Christmas trading performance in ten years following the recent festive period, Aldi said it experienced its “best ever” UK Christmas sales, and Joules’ positive momentum continued in December – but the overall picture for retail during its busiest time of year appeared challenging.Read More + -
Solaria Lighting under new ownership
2019.06.14
After its CEO retired last year, plans were in place for Solaria Lighting to cease procurement and production. Instead, the company has new ownership and a new home.Read More + -
Sears parent to acquire the rest of Sears HomeTown and Outlet Stores
2019.06.13
HOFFMAN ESTATES, Ill. — The owner of Sears has entered a deal to acquire the rest of Sears Hometown and Outlet Stores not already owned by the related ESL Investments.Read More +
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