Party City launches inside 700 Staples stores
The effort, which includes a selection of balloons and decor, will expand to additional Staples locations by the end of the year.
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Michaels partners with Jonathan Adler on collection
The assortment, available online and in-store, includes craft kits, home decor, entertaining essentials and more.
At Michaels, taking Party City and Joann’s market share was priority No. 1
CEO David Boone, who joined the craft retailer about a year ago, said the company’s efforts in fabric and party supplies have “powered the business.”
Simon Property Group drops effort to evict Saks Global stores behind in rent
The parties have settled a dispute that threatened to derail progress in Saks’ effort to exit bankruptcy court next month.
Michaels cuts prices on 3K more items as consumers waver
The arts and crafts retailer is keen on picking up market share left open by the demise of Party City and Joann.
‘Target is not an everything store’: CEO
The retailer unveiled its multiyear turnaround plan, which includes an additional $1 billion operational investment and revamps of some private labels.