America’s ‘Retail Apocalypse’ Is Really Just Beginning: The reason isn’t as simple as Amazon.com Inc. taking market share or twenty-somethings spending more on experiences than things. The root cause is that many of these long-standing chains are overloaded with debt—often from leveraged buyouts led by private equity firms. There are billions in borrowings on the […]
Lord & Taylor Building, Icon of New York Retail, to Become WeWork Headquarters: From the moment it opened its doors more than a century ago, the Lord & Taylor building on Fifth Avenue in Manhattan has stood as an icon of old-school retail. Its Italian Renaissance design, complete with grand entrance arch and copper cornice, […]
At Bloomberg, Brad Stone and Matthew Boyle ask: Can Wal-Mart’s Expensive New E-Commerce Operation Compete With Amazon?. The answer is no.
Microsoft tried to clone the Apple Store. It still hasn’t worked: Microsoft’s stores have a warm decor, plenty of helpful staffers and an array of PCs, phones and devices. They could use a few more customers, though. It’s hard to know exactly how the stores are doing since Microsoft won’t comment on either sales or […]
Interesting holiday retail facts from L2 on Youtube: An unlikely winner? Malls – at least high-end ones, which are flourishing. The top-rated malls of 2015 all had upscale department stores, luxury brand stores and high-tech electronics stores. An Apple Store increased mall revenue per square foot by 13%. Think about that. Apple is going to […]