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Discount retailers like TJ Maxx and dollar stores are opening new locations in 2021, bucking the retail apocalypse trend

Discount retailers like TJ Maxx and dollar stores are opening new locations in 2021, bucking the retail apocalypse trend
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TJ Maxx, Dollar General, Five Below, Home Goods, new store openings

Dollar stores have done particularly well over the last year during the pandemic.  Discount stores are defying the larger trend of retail stores closing in favor of e-commerce. As many stores close around the US, a few retailers are thriving and opening new locations in 2021. Discount retailers Five Below, Home Goods, TJ Maxx, and dollar store chains all plan to open new stores as the rest of the industry struggles. The COVID-19 pandemic made online orders surge, but it wreaked havoc on brick and mortar retailers. Coresight Research found that major retailers closed 8,741 stores in 2020, and predicts as many as 10,000 will follow this year. Other retailers that didn t close filed for bankruptcy, including J Crew, Nieman Marcus, and JCPenney.

Neiman Marcus, Sealaska Heritage Institute settle lawsuit over coat

An Alaska Native cultural organization and the luxury department store Neiman Marcus have settled a lawsuit over the sale of a coat with a copyrighted, geometric design borrowed from Indigenous culture.

Alaska Native group, Neiman Marcus settle lawsuit over coat

Alaska Native group, Neiman Marcus settle lawsuit over coat March 5, 2021 FacebookTwitterEmail JUNEAU, Alaska (AP) An Alaska Native cultural organization and the luxury department store Neiman Marcus have settled a lawsuit over the sale of a coat with a copyrighted, geometric design borrowed from Indigenous culture. The Sealaska Heritage Institute said in a statement on Wednesday that both sides, including 10 other named defendants besides Neiman Marcus, agreed to terms “to resolve all disputes between them under U.S. and Tlingit law, KTOO Public Media reported. The Juneau-based institute is the cultural arm of the Sealaska Corp., the Alaska Native corporation for the Tlingit, Haida and Tsimshian people of southeast Alaska.

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