Slowly but we would say mostly steadily, item-level RFID tagging, especially in soft goods, is gaining traction- if not quite yet critical mass. Macy’s has said it will have all items in its stores tagged by the end of 2017.
Category: Bloomingdales
Can Duluth Holdings Inc Defy the Death of Retail?
With chains like Sports Authority, Aeropostale, and Eastern Mountain Sports going bankrupt last year, and others like Macy’s , The Limited, and Kohl’s announcing large-scale store closings, retailers are going through some very tough times. As has been well-documented, these losses have been Amazon ‘s gain , with many investors leaving the rest of the retail industry for dead.
Traditional retailers are using a trick to make same-store sales look better
It was a rough 2016 holiday season for brick-and-mortar retailers. Department store shares got thumped last week after Macy’s and Kohl’s both lowered their full-year earnings guidance and said their comparable-stores sales dropped.
No miracle on 34th Street: Macy’s dismal holiday sales suggest…
The department store was born during the industrial revolution, and like steam engines and top hats the idea seems at times to be a vestige of the past. In the age of one-click instant retail therapy, the department store can seem like a step back in time – a tour of how we used to shop back in the day.
Macy’s Names 68 Stores It Will Sh…
Macy’s yesterday said it was closing 68 stores of its 730 stores by the spring – wiping out about 3,900 jobs – and that it would lay off about 6,200 additional workers nationwide in a move it characterizes as a “need for greater efficiency and productivity.” The closures are part of the plan to shutter up to 100 underperforming stores that it had announced last August.