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Tag: TJX Companies Inc

Forever 21 among bankruptcies that rocked the retail industry in 2019

A Barney’s store stands in lower Manhattan on August 06, 2019 in New York City. Barneys, one of America’s most exclusive clothing stores, has filed for bankruptcy. Spencer Platt | Getty Images 2019 brought with it more retail bankruptcies. And the implications have been more store closures, thousands of lost jobs and an vastly different …

Forever 21 among bankruptcies that rocked the retail industry in 2019Read More

How Amazon changed America’s malls in the 2010s

Shoppers walk through the food court at the Easton Town Center Mall in Columbus, Ohio. Luke Sharrett | Bloomberg | Getty Images These days, in the country’s most upscale malls, it seems like shoppers are doing everything but perusing apparel. Consumers can play glow-in-the-dark mini golf at Simon Property Group’s Roosevelt Field in Garden City, …

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US tariffs on Chinese goods are pesky, but manageable

Ace Hardware CEO John Venhuizen told CNBC on Friday that the ongoing U.S.-China trade war is more of a nuisance than an overwhelming issue. “From our lens, in the short term, they are pesky, they are frustrating, but they are manageable,” Venhuizen said when speaking about tariffs on “Squawk on the Street.” Retailers have been …

US tariffs on Chinese goods are pesky, but manageableRead More

Bargains aren’t just for Black Friday. Value retailers are winning year-round

A wave of good and bad retail earnings reports in recent days highlights one key theme for the industry: Value is winning. Target, Walmart, T.J. Maxx owner TJX and Nordstrom‘s off-price Rack business were bright spots in a tumultuous landscape that’s been beaten down with bankruptcies, store closures and management upheaval. The results from Macy’s, …

Bargains aren’t just for Black Friday. Value retailers are winning year-roundRead More

Digital is the difference maker in Target, Kohl’s results

Tariffs on Chinese imports are not the biggest weight on the retail cohort, according to CNBC’s Jim Cramer. Retailers must win in the current environment by either having a strong online presence or offering discount prices, he told “Mad Money” viewers Wednesday. “If you’re not offering a great digital experience or nearly unbeatable bargains … …

Digital is the difference maker in Target, Kohl’s resultsRead More

Gap’s Old Navy spinoff plans in doubt with CEO Art Peck out

Traffic passes by an Old Navy and GAP stores in Times Square, March 1, 2019 in New York City. Drew Angerer | Getty Images Gap Inc.‘s plans to spin off its once-star Old Navy brand are being called into question with the ouster of CEO Art Peck. The San Francisco-based apparel retailer announced Thursday evening …

Gap’s Old Navy spinoff plans in doubt with CEO Art Peck outRead More

TJX, Ross, Burlington benefit from ‘losers in the mall’

CNBC’s Jim Cramer on Friday highlighted one segment in the retail industry he believes will work well in a portfolio whether the economy is slowing or thriving. The off-price retailers of TJX Companies, Ross Stores and Burlington Stores satisfy both consumers looking for bargain deals and real estate investment trusts, or REITs, looking to lease …

TJX, Ross, Burlington benefit from ‘losers in the mall’Read More