At a time when most private equity firms are growing increasingly cautious about investing in retail, one firm is going against the grain. Sycamore Partners is raising its biggest-ever fund, which it will use to invest primarily in retail, CNBC reported. The firm is looking to raise between $3 billion and $4 billion, according to the report. The news comes a month after Sycamore closed on its $6.9 billion acquisition of Staples, which it is splitting into three parts
Marianne Wilson Adidas has opened its largest Adidas Originals location to date, a 4,966-sq.-ft. flagship in the Wicker Park neighborhood of Chicago. read more
Deena M. Amato-McCoy With a mere six months under its belt, Lids’ new Access Pass loyalty program is driving customer engagement to new levels
Marianne Wilson Off-price retailers will remain among the top performers in the U.S.
Marianne Wilson Costco Wholesale Club reported better-than-expected profit and revenue for its fourth quarter. read more
Amazon is preparing for its newest physical store — and promoting its alcoholic products at the same time. read more
Marianne Wilson As it heads into its most important selling season, Sears Holding Corp.
Deena M. Amato-McCoy Consumers are becoming more digitally influenced on a seemingly daily basis — but omnichannel retailers find themselves hard-pressed to keep up the pace. read more
Deena M. Amato-McCoy Following suit of older generations, younger shoppers want to pay for purchases with credit cards. read more