Why Penney, Macy's, Gap, Other Retailers May Have To Close More StoresDuring a recent JCPenney earnings conference call, CEO Marvin Ellison described the retail industry as the "most challenging and competitive" it has been in 50 years.
Starbucks To Shutter All Teavana StoresStarbucks is shutting down its struggling Teavana chain. "We felt it was an appropriate time to take the decision and begin shutting down those stores," said CEO Kevin Johnson, noting declining foot traffic at shopping malls.
More Retailers Are Staying Home For Thanksgiving DayIt looks like some families will spend more time with each other this Thanksgiving. That’s because some mall operators and retailers that had opened their doors on Thanksgiving Day in recent years are reversing that trend.
Police: Holiday Shoppers Provide Cover For Shoplifting ProsThe holidays always bring Christmas shoppers to malls, but the season also brings people looking for a ‘5-finger discount.’ It’s not that there’s necessarily more retail crime going on, but crowded stores provide thieves with cover.