Macy’s Announces Plans for 35 to 40 Store Closings

Cincinnati—Although specifying that soon-to-be closed Macy’s stores represent only 1% of the department store company’s total, Macy’s Inc. today announced plans to close 35 to 40 in early 2016 as the company works to “optimize its omnichannel approach to customers across America.” Repercussions of Omnichannel “Physical stores remain absolutely vital to our omnichannel strategy, which […]

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Xcel Brands Inks Rapid Response Deal with Hudson’s Bay, Lord & Taylor

New York and Toronto—Xcel Brands, the brand development and media company behind Isaac Mizrahi, H Halston and C. Wonder, announced today that it has entered into an exclusive with Hudson’s Bay Company and Lord & Taylor to develop a rapid response inventory system which will allow the retailer to better manage its inventory and respond […]

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Alibaba Begins Countdown to 11.11, Biggest Online Sales Day Ever

Hangzhou, China and San Francisco—Amazon made news this summer with its stab at trying to launch a Black Friday-like sale on July 15 called “Amazon Prime Day.” Reviews were mixed but another Internet behemoth says its upcoming sales will dwarf them all. Today Alibaba Group, the world’s largest online company, kicked off its annual 11.11 […]

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