Macy’s is laying off 1,000 fulfillment workers and will close 14 stores this year, down from 66 closed last year. Existing stores that have undergone transformation are delivering positive results.
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Amazon Resets Its Grocery And Brick-And-Mortar Retail Strategies
Amazon will open a mega-store outside Chicago to go head-to-head against Walmart in grocery and general merchandise. At the same time, it is closing all 57 Fresh grocery and 15 Go convenience stores as it realigns its grocery strategy around online delivery and Whole Foods
Store Closures Grab Headlines, Yet Retail Is Quietly Expanding
Despite headlines of major store closures and bankruptcies like Saks, the retail sector shows resilience with more planned openings than closing announced in January.
Fabletics Surges Ahead As Lululemon Falters
Lululemon faces a “downward spiral” due to repeated product quality issues, declining sales, and a leadership crisis. Meanwhile, competitor Fabletics is rapidly growing.
Saks Global Nears Bankruptcy After CEO And Senior Leaders Abandon Ship
Saks is struggling with declining sales, lost customer trust, vendors holding shipments, executive exodus and liquidity issues. raising doubts about continued viability.
