All articles tagged with #retail decline
The Boise Factory Outlets are set for demolition, with the last store closing on January 28. The site will be redeveloped into a Kenworth Trucks dealership, which plans to expand its workforce, and a new gas station by Maverik Inc. The outlet mall, once a thriving retail hub since 1994, has experienced a long decline, leading to its eventual closure and redevelopment.
Sears, once a retail giant, is nearing its end with only five stores remaining, as its former savior, hedge fund manager Edward Lampert's plan to redevelop its properties into mixed-use developments has failed, leading Seritage Growth Properties to offload its assets and pay down debt.
The article criticizes Amazon's decline in quality and customer service, citing issues like fake reviews, return fraud, poor logistics, and a shift from customer-centric to seller-centric policies, suggesting that the company's enshittification has led to a loss of trust and quality, with some advocating for alternative retailers and stricter regulations.
Once-trendy millennial brands like Midea and Glossier are facing challenges as their appeal wanes and they struggle to stay relevant, with many shifting from trendy, purpose-driven marketing to more mainstream, product-focused strategies amid retail declines and changing consumer preferences. The era of the 'cool' millennial brand is fading, replaced by more traditional retail models and a focus on product quality over branding gimmicks.
American Eagle experienced a 9% year-over-year decline in store foot traffic following the launch of its controversial Sydney Sweeney campaign, with some competitors also seeing declines, though less steep. The campaign has faced criticism for its perceived oversexualization and eugenic undertones, while some political figures have supported it. The direct impact of the campaign on sales and traffic remains unconfirmed by American Eagle.