Amid financial uncertainties, U.S. consumers are becoming more discerning in what nice-to-have retail products they are willing to indulge in, shifting their purchasing away from major retailers toward smaller brands, with clothing and accessories companies benefitting from this trend. Get the Full Story Complete the...
As traditional retail continues to flail, brick-and-mortar chains are looking everywhere for a remedy. Sears is the most recent company to address a very big problem with a small solution, planning to open smaller format specialty stores, while closing down larger locations. Can expansion-via-compression turn...
Specialty retailers, by definition, cater to a niche consumer group. But when one finds itself in a struggling market — such as the mall-based, teen-centric chain Hot Topic currently does — is readjusting to reach a wider audience, while counting on maintaining the core group,...
Can specialty retail sometimes be too special for its own good? Even if so, that’s not the case for physical video rental stores, which — in specific areas of the U.S., catering to a specific type of consumer — outlasted chains like Blockbuster and continue...
January 15, 2025
Crafts chain Joann is seeking bankruptcy protection for the second time in under a year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications […]
