Senior writer @FortuneMagazine covering retail and consumer goods. Reuters alum. Obsessed with 26.2, Def Leppard, Muppets, Looney Tunes, Canadiens.

Target Will Hammer Home A Low-Price Message to Shake Its Slump

fortune.com — Target thinks it has found just the thing to get sales going again: a plan to act more like the discount mass retailer it always has been. The retailer, long beloved for its ability to be hip yet inexpensive, last month reported its first quarter of declining comparable sales since mid-2014, in a setback for CEO Brian Cornell's turnaround ambitions.

Yes, Meal Kits, Pokémon, and Athleisure Are All Overhyped Right Now

fortune.com — The Gartner Hype Cycle has become a shorthand in the tech world to describe technologies' path to adoption. It started in the 90s, after a Gartner analyst noticed tech crazes following the same predictable pattern, says Mike Walker, a research director at the firm.

Target Says Grocery Problems Won't Be Solved Overnight

fortune.com — Despite disappointing sales in the grocery aisles this summer, Target CEO Brian Cornell thinks customers will eventually come around to all the changes the retailer has been making to that side of its business. Resetting Target's grocery offering, a $15 billion a year business, has been a key priority for Cornell since he became CEO of the Minneapolis-based discount retailer two years ago.

J.Crew to start selling its women's apparel at Nordstrom

fortune.com — J.Crew thinks it has found one way to help shake nearly two years of same-store sales declines: selling its flagship brand's clothes at Nordstrom . The struggling apparel chain, which has been grappling with big sales drops after higher prices and fashion misreads angered many in its legions of shoppers, will start selling women's clothes at 16 of the upscale department store's locations beginning Sept.

Target Is Hiring 70,000 Temporary Workers for the Holiday Season

fortune.com — First the good news for anyone look for an extra job over the holiday season: Target said Monday that it is hiring 70,000 seasonal workers in its stores during the busiest time of year for any retailer. Now the bad news: That's the same number as last year, reflecting a slowdown in the discount retailer's business and less-than-rosy outlook for the Thanksgiving-to-Christmas period.

Why retailers are blaming the current election for lousy sales

fortune.com — Barnes & Noble reported awful quarterly results this week, and the bookseller put the blame squarely on a new culprit among retailers: the U.S. presidential elections. Barnes & Noble said comparable store sales fell 6% in the first fiscal quarter, with that drop primarily from weak book sales.

Macy’s Just Signed a Major Deal with Apple

fortune.com — Macy's is turning to another iconic brand for help with its big sales drops: Apple. President and CEO-designate Jeff Gennette told Wall Street analysts on Thursday that Macy's signed a deal with Apple to open an Apple store within its 1 million square-foot flagship at Herald Square in New York.

Saks Fifth Avenue opens new Manhattan store in bid to win luxury wars

fortune.com — Saks Fifth Avenue President Marc Metrick has little time for talk that luxury department stores are passé. On Friday, the retailer, owned by Hudson's Bay , will open only the second New York City store in its 114-year history, a Lower Manhattan location six miles from its iconic Fifth Avenue flagship.

Macy's Closings Could Be an Out for Gap at Poor Malls

fortune.com — Macy's said last month it would close 100 of its 700 or so stores next year, raising the specter of more pain to come for the struggling mall sector. But the department store's downsizing offers some competitors a silver lining. Take Gap Inc , a clothing chain undergoing its own sales declines and fleet reduction.

Bill Ackman Just Bought a Huge Stake in Chipotle

fortune.com — Chipotle Mexican Grill has a potentially big new problem on its hands: Activist investor William Ackman said in a filing on Tuesday that his firm has taken a big stake in the burrito chain and plans to talk to management about its poor stock performance. In a filing with the U.S.
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Sep 23, 2016

Another big departure at $TGT mirrors recent departure of Neil Ashe from Walmart $WMT, comes few wks after TGT CMO…  https://twitter.com/i/web/status/779473013884456960 

Sep 22, 2016

#BREAKING summer just ended. This infernal unending sweatfast is over for 2016 and it's officially autumn as of a minute ago. Enjoy. 🍂

Sep 17, 2016

I chose the perfect week for a beach vacay. Ocean is in the mid 70s and no one is around. Ahhhh.  https://twitter.com/ny1weather/status/777220483397787648 

Sep 17, 2016

@StaceyRetail BR (can see on the tag of the garment next to it ;-). But the misfire is par for the course

Sep 17, 2016

Any basket of deplorables should include these spoilt animals on the Hamptons bound train.

Sep 17, 2016

It's the weekend. Here's a long read. A big thank you to my wife wonderful editor on this piece @MatthewHeimer  https://twitter.com/philwahba/status/776799777111609344 


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