Kohl's paring costs as sales decline

Kohl's paring costs as sales decline

(Photo: Richard Drew, Associated Press)

With shopper traffic down and sales continuing to slide, Kohl’s Corp. is reducing inventory levels in hundreds of its stores, and in some cases is looking to bring in other retailers to occupy space being freed.
The initiative reduces operating costs — important at a time when top-line growth proves elusive — but maintains the large brick-and-mortar presence Kohl’s sees as an asset supporting its online sales.
By this time next year, more than 300 full-size Kohl’s stores — about a third of the total — will be operating with reduced inventories and fewer fixtures.

An overwhelming number of retailers are losing money chasing Amazon

An overwhelming number of retailers are losing money chasing Amazon
Brick-and-mortar retailers are becoming more competitive online by providing tighter delivery windows and offering the option to pick up digital orders in-store.
There's only one problem.
As they invest billions of dollars to close the gap with Amazon, the overwhelming majority of traditional retailers still hasn't figured out how to profitably fill orders that incorporate both the web and the store.

Target bets on connected devices with own-branded smart lamp

Target bets on connected devices with own-branded smart lamp

(Photo: Amy Osborne, Special To The Chronicle)

Target recently reopened its showroom for Internet-connected devices in downtown San Francisco with an unusual twist: one item for sale is the retail giant’s own app-controlled smart lamp.
Target is selling the $50 lamp under its Threshold home furnishings brand, possibly the first time a retailer has attempted to design and sell its own Internet-connected device.