Content about Retail

December 17, 2014

The fall is always a busy time for new store openings, as retailers head into their biggest selling season of the year. Here's five retailers that are generating big buzz ... as is the bonus one at the end. 

Autumn is always a busy time for new store openings, as retailers head into their biggest selling season of the year. Here's five retailers that are generating big buzz ... as is the bonus one at the end.

1. Starbucks Reserve Roastery & Tasting Toom, Seattle

The coffee giant spared no expense on its newest retail concept—the space is spectacular. Two years in the making, the Roastery is part retail store and part manufacturing facility—and all theatre.

December 17, 2014

The fall is always a busy time for new store openings, as retailers head into their biggest selling season of the year. Here's five retailers that are generating big buzz ... as is the bonus one at the end. 

Autumn is always a busy time for new store openings, as retailers head into their biggest selling season of the year. Here's five retailers that are generating big buzz ... as is the bonus one at the end.

1. Starbucks Reserve Roastery & Tasting Toom, Seattle

The coffee giant spared no expense on its newest retail concept—the space is spectacular. Two years in the making, the Roastery is part retail store and part manufacturing facility—and all theatre.

December 16, 2014

Fast-growing payments startup Adyen has secured $250 million from investors who have valued the Amsterdam-based startup at $1.5 billion. 

Fast-growing payments startup Adyen has secured $250 million from investors who have valued the Amsterdam-based startup at $1.5 billion.

Adyen serves as a middleman for Facebook, Spotify, Airbnb and other merchants, enabling them to accept Visa, MasterCard and soon bitcoin in nearly 200 currencies worldwide.

The eight-year-old company allows merchants to accept payments on the Web, mobile and more recently at individual points of sale.

December 15, 2014

E-commerce has changed the way consumers purchase products, but until very recently, the basic structure of the transaction and sale itself hadn’t evolved much.

E-commerce has changed the way consumers purchase products, but until very recently, the basic structure of the transaction and sale itself hadn’t evolved much: People browse for products they want, compare prices across sites, maybe submit a code for a discount coupon if they have one and make a purchase. But a recent development points to a big change on the horizon for ecommerce, and the symptom is the massive sales growth achieved by major retailers who have embraced the new model.

December 15, 2014

E-commerce has changed the way consumers purchase products, but until very recently, the basic structure of the transaction and sale itself hadn’t evolved much.

E-commerce has changed the way consumers purchase products, but until very recently, the basic structure of the transaction and sale itself hadn’t evolved much: People browse for products they want, compare prices across sites, maybe submit a code for a discount coupon if they have one and make a purchase. But a recent development points to a big change on the horizon for ecommerce, and the symptom is the massive sales growth achieved by major retailers who have embraced the new model.

December 12, 2014

Chief Information Security Officers (CISO) have become more common on companies’ senior leadership teams. They might be in even higher demand after the highly publicized data breaches at Target, Home Depot, Neiman Marcus and other companies in the past couple of years (see a timeline of data breaches in the past decade here). In fact, Neiman Marcus just hired its first CISO, Sarah Hendrickson. 

Chief Information Security Officers (CISO) have become more common on companies’ senior leadership teams. They might be in even higher demand after the highly publicized data breaches at Target, Home Depot, Neiman Marcus and other companies in the past couple of years (see a timeline of data breaches in the past decade here). In fact, Neiman Marcus just hired its first CISO, Sarah Hendrickson.

December 11, 2014

RadioShack CEO Joe Magnacca contends the company’s core strategies are working even though evidence of the success was hard to see between a steep third quarter loss and double digit same store sales decline.

RadioShack CEO Joe Magnacca contends the company’s core strategies are working even though evidence of the success was hard to see between a steep third quarter loss and double digit same store sales decline.

Same store sales were down 13.4% in the third quarter ending Nov. 1, driven by traffic declines and soft performance in the mobility business, the company said. Total sales and operating revenue were $650.2 million, compared with $775.4 million last year.

December 10, 2014

Lands' End sales fell in its October quarter as its store base dwindled, though an improved merchandise assortment and a more-targeted promotional strategy helped drive a 26% increase in profits.

Lands' End sales fell in its October quarter as its store base dwindled, though an improved merchandise assortment and a more-targeted promotional strategy helped drive a 26% increase in profits.

For the third quarter ended Oct. 31, Lands' End posted a profit of $18 million, or 56 cents a share, up from a profit of $14.3 million, or 45 cents a share, a year earlier. Revenue, meanwhile, fell 2.8% to $373.1 million as same-store sales fell 3.1%.

December 9, 2014

ECRM compared retail circular advertising in November 2013 vs. November 2014 and noted trends occurring across top retail chains.

ECRM compared retail circular advertising in November 2013 vs. November 2014 and noted trends occurring across top retail chains. Home Depot added an additional Black Friday 2014 circular promoting appliances. Home Depot offered deep Black Friday 2014 discounts on microwaves. Staples increased circular pages by +38%, and featured an attractive “Free Kindle eReader with laptop purchase” and a $99 Asus laptop on the Black Friday 2014 circular front. Walgreens had little change in November circular metrics but CVS cut 9 pages; a 10% decline.

December 9, 2014

The national level of customer satisfaction fell 0.7% in the third quarter of 2014 to 75.6 on a 100-point scale, according to the American Customer Satisfaction Index (ACSI), pointing to weak spending growth for the fourth quarter.

The national level of customer satisfaction fell 0.7% in the third quarter of 2014 to 75.6 on a 100-point scale, according to the American Customer Satisfaction Index (ACSI), pointing to weak spending growth for the fourth quarter. This is the third consecutive quarterly decline in customer satisfaction for the country as a whole, which is at its lowest level since early 2011.

December 8, 2014

Eastern Mountain Sports has enlisted JustEnough Software Corp., a leading provider of demand management solutions for retail, wholesale and direct-to-consumer businesses worldwide, to improve its inventory capabilities for its brick-and-mortar as well as its Internet site. 

Eastern Mountain Sports has enlisted JustEnough Software Corp., a leading provider of demand management solutions for retail, wholesale and direct-to-consumer businesses worldwide, to improve its inventory capabilities for its brick-and-mortar as well as its Internet site.

December 8, 2014

Eastern Mountain Sports has enlisted JustEnough Software Corp., a leading provider of demand management solutions for retail, wholesale and direct-to-consumer businesses worldwide, to improve its inventory capabilities for its brick-and-mortar as well as its Internet site. 

Eastern Mountain Sports has enlisted JustEnough Software Corp., a leading provider of demand management solutions for retail, wholesale and direct-to-consumer businesses worldwide, to improve its inventory capabilities for its brick-and-mortar as well as its Internet site.

December 8, 2014

Retailers looking to grow their physical store presence have an ally in Simon Property Group, as the retail real estate leader is poised to expand its portfolio of Premium Outlets properties by adding 6.4 million square feet and a total investment of $2.5 billion. 

Retailers looking to grow their physical store presence have an ally in Simon Property Group, as the retail real estate leader is poised to expand its portfolio of Premium Outlets properties by adding 6.4 million square feet and a total investment of $2.5 billion.

December 5, 2014

Meijer is responding to a need from food pantries for nutrition education resources by publishing a cookbook that features recipes using ingredients frequently found in food pantries. 

Meijer is responding to a need from food pantries for nutrition education resources by publishing a cookbook that features recipes using ingredients frequently found in food pantries.

The retailer has distributed English and Spanish versions of Simply Cook to its food bank and pantry partners across the Midwest. During the holiday season, food banks see a tremendous increase in demand of free meals per day.

December 4, 2014

Walgreens named former Sam’s Club head merchant Linda Filler to the role of president of retail products and chief merchandising officer.

Walgreens named former Sam’s Club head merchant Linda Filler to the role of president of retail products and chief merchandising officer.

The hire is a positive development for Walgreens given Filler’s diverse background and accomplishments in a consumer packaged goods industry where many are more likely to recognize her by the maiden named Linda Hefner.

December 4, 2014

Wawa will become the first national retailer in the convenience retail channel to offer Coca-Cola Freestyle soda fountains chain-wide. 

Wawa will become the first national retailer in the convenience retail channel to offer Coca-Cola Freestyle soda fountains chain-wide.

The Coca-Cola Freestyle machine is a touchscreen soda fountain that features over 100 different Coca-Cola drink products and custom flavors.

December 3, 2014

The dynamics of Thanksgiving weekend retail activity continue to evolve, but Cyber Monday still rules with sales that topped $2 billion for the first time ever this year.

The dynamics of Thanksgiving weekend retail activity continue to evolve, but Cyber Monday still rules with sales that topped $2 billion for the first time ever this year.

December 3, 2014

The nation’s largest retail bookseller has dreamed up another innovative way to drive traffic to its stores.

The nation’s largest retail bookseller has dreamed up another innovative way to drive traffic to its stores.

Barnes & Noble has announced that it will be sponsoring the Barnes & Noble Cookie Bake-Off, a contest in which customers can submit cookie recipes for a chance to win prizes and have their winning cookies sold in Barnes & Noble stores.

December 3, 2014

Footwear is one of the hottest segments of retail these days and Boot Barn is ready to capitalize on the growing market.

Footwear is one of the hottest segments of retail these days and Boot Barn is ready to capitalize on the growing market.

The company reported a 7.3 percent increase in same store sales and reversed a prior year loss during its second quarter ended September 27, its first financial report since completing an initial public stock offering on Nov. 4.

December 2, 2014

In an effort to bolster its online presence, Loehmann’s has appointed a digital retail expert to join its advisory board. 

In an effort to bolster its online presence, Loehmann’s has appointed a digital retail expert to join its advisory board. Tony D'Annibale, president of Jessica's Brands, will work with the board and the management team during the Loehmann’s re-launch as an online retailer.

December 2, 2014

Shopping at the local mall may soon get a lot more interactive for consumers, if retail property owner Simon and eBay have their way. 

Shopping at the local mall may soon get a lot more interactive for consumers, if retail property owner Simon and eBay have their way.

The companies unveiled this week the “Connected Mall” experience in Palo Alto, Calif. The installation features a “smart” directory developed by eBay for the Simon Innovation Group that elevates the shopping experience by providing consumers with a suite of services, including point-to-point navigation and personalized offers and deals.

December 1, 2014

Online sales are expected to reach $300 billion in 2014, $335 billion in 2015 and $512 billion by 2020. 

Online sales are expected to reach $300 billion in 2014, $335 billion in 2015 and $512 billion by 2020.

According to business forecasting experts at FTI Consulting Inc., online sales will continue to grow at a double-digit rate for the next several years.

November 26, 2014

Nordstrom was the most engaged retail brand on Pinterest, followed by Amazon, according to Curalate, which collected more than 180,000 Pins and analyzed nearly five million interactions associated with the Top 100 brands from November 1st to November 21. 

Nordstrom was the most engaged retail brand on Pinterest, followed by Amazon, according to Curalate, which collected more than 180,000 Pins and analyzed nearly five million interactions associated with the Top 100 brands from Nov. 1 to Nov. 21.

Rounding out the top five: Urban Outfitters, American Eagle Outfitters and Zulily. The most popular product on Pinterest is the J Crew Women’s camp sock followed by American Eagle Outfitters’ Sequin Sleeve Sweater and JC Penny’s military jacket and striped top.

November 26, 2014

The ranks of smokers may be dwindling but there is one place where lighting up remains socially acceptable and one iconic brand is capitalizing on the situation. 

The ranks of smokers may be dwindling but there is one place where lighting up remains socially acceptable and one iconic brand is capitalizing on the situation.

November 26, 2014

New York has unseated Hong Kong for the dubious distinction as the world’s most expensive shopping destination, according to a fascinating new report examining 330 markets worldwide. 

New York has unseated Hong Kong for the dubious distinction as the world’s most expensive shopping destination, according to a fascinating new report examining 330 markets worldwide.