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Retail industry

Walmart aims high on lowering carbon footprint

by Marketplace Contributor
Aug 1, 2017
Walmart among the businesses stepping up as government retreats on climate change.
BRENDAN SMIALOWSKI/AFP/Getty Images
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Retail discounters flourish as traditional department stores struggle

by Marketplace Contributor
Jul 31, 2017
Off-price retailers have become a bright spot amidst the doom and gloom of widespread closures of brick-and-mortar stores and online shopping’s growing dominance.
A former Macy's store in North Hollywood, California is fenced off from public access. The Laurel Plaza shopping center location closed its doors in October 2016, one of 68 Macy's stores nationwide to close through Spring 2017. 
Libby Denkmann/ for Marketplace
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First the handbag, now shoes to match: Michael Kors buys upscale shoemaker Jimmy Choo for $1.2 billion

by Aaron Schrank
Jul 25, 2017
Jimmy Choo has been among the biggest names in high-end shoes for decades, but the company put itself up for sale in April. Today, fashion house Michael Kors announced it’ll buy the British footwear brand for $1.2 billion. Kors has been struggling recently and announced in May it’s closing more than 100 stores. Can this […]
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It's back-to-school season all year

by Adriene Hill
Jul 17, 2017
The shopping ritual, like Christmas in summer for retailers of the past, is now an ongoing affair.
Alex Wong/Getty Images
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Walmart tries to make better savers out of the unbanked

by Erika Beras
Jul 7, 2017
A prepaid debit card program with a savings plan called the Vault links prizes to savings.
Latoya Roberts and her three children shop at a Walmart in a suburb outside of Pittsburgh.
Erika Beras/Marketplace
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A retail story: How LA's Robertson Boulevard went from paparazzi heaven to vacant stores

by Aaron Schrank
Jul 6, 2017
Once a hip indie enclave, the street went upmarket when high-end chains moved in. Then they left.
Several empty storefronts along the once-happening Robertson Boulevard shopping district in Los Angeles.
Aaron Schrank/Marketplace
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How to help your pup keep calm and carry on this Fourth of July

by Paulina Velasco
Jun 30, 2017
Firework pharmacopeia for our furry friends.
A dog wearing an American flag.
Hector Retamal/AFP/GettyImages
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Behemoth office supply company on offer for bargain basement price

by Ryan Kailath
Jun 29, 2017
You’ve seen the headlines: the death of retail, the retailpocalypse, the end of the shopping mall as you know it. Well, add another line to that narrative: Staples, the office supply store, has agreed to sell itself off for nearly $7 billion. Sales and profits at Staples have been dropping steadily for four years. So […]
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How towns are hurt when malls run into trouble

by Marielle Segarra
Jun 21, 2017
With about one in four U.S. malls estimated to shut down during the next five years, municipalities have a tax problem.
A recent Credit Suisse report estimates that about 1 in 4 U.S. malls will shut down in the next five years. Above, people walk through a nearly empty shopping mall in Waterbury, Connecticut.
Spencer Platt/Getty Images
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Sears’ continuing struggles have its suppliers jittery

by Aaron Schrank
May 25, 2017
The struggle is real for Sears Holdings — the company behind Sears and Kmart. The once-powerful brand warned investors back in March that there was “substantial doubt” about its future. This week, Sears announced it’s pushed back a deadline on a $500 million loan by six months. That’s got Sears vendors even more anxious about […]
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