Macy's, once the stalwart of American retailers, is to close 68 stores and cut 10,000 jobs after poor holiday sales. The company currently operates the largest department store chain in the US with a portfolio of 720 stores. Sales fell 2.1 percent in the final two months of the year, resulting in greater […]

London - 2017 is undoubtedly set to bring it own set of trends for the future. However one major trend ready to boom this year sees one of the largest generations in history, Millennials, reshaping our economy as we know it. Born between 1980 and 2000, Millennials attitudes towards consumption and ownership […]

Americans increased their holiday spent with 16 percent this year, with an average of 711 dollars spent on gifts and other holiday items according to the International Council of Shopping Centers (ICSC). “Consumer confidence continued to improve into December and we saw this optimism reflected in the […]

Japanese quality goods brand Muji has confirmed a new flagship in the U.S. With a handful of stores open in the country, the brand announced its Santa Anita location opening January 12. The brand confirmed the store opening on its website with an opening date listed next to the stores address. The 6,351 […]

Swedish retailer COS, part of the H&M group, has opened its first store in Kuala Lumpur, within the Pavilion Elite, the extension of the iconic Pavilion KL shopping mall. The opening in December, marks the retailer’s entry into the Malaysian market and starts a new chapter for the brand in Asia. Marie […]

Tmall, global e-commerce platform of Chinese internet giant Alibaba, was able to increase the number of imported product categories to nearly 50 percent or 3,700 in 2016. The online platform enables international brands to sell online directly to Chinese consumers. According to the company, more than […]

Department store Sears announced more closures for the upcoming year. On Tuesday, Sears announced that it would shutter 30 Sears and Kmart locations, according to Business Insider. The closures for Kmart include Riverside, California; Port Charlotte, Florida; Tacoma, Washington; London, Kentucky; Jasper, […]

Last year, minimum wage was approved to increase up to 15 dollars per hour in the upcoming years for Los Angeles workers. The complete effect will not be until 2020, but as 2017 marks two years after the vote passage, the retail industry will be affected by the new wage. Effective January 1, the minimum […]

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