Historically, the retail industry has collectively been perceived as technology laggards. For years, thin margins and large investor expectations combined to force conservative technology and operations budgets on retailers.
Sanrio, the global lifestyle brand best known for pop icon Hello Kitty, and Universal Parks & Resorts have announced their partnership to develop Hello Kitty interactive retail experience shops scheduled to open later this year at Universal Orlando Resort and in the future at Universal Studios Hollywood.
Nebraska Furniture Mart (NFM) has opened the nation’s largest home furnishings store, in The Colony, Texas. Featuring 560,000 sq., ft. of selling space, the two-level space also has an on-site warehouse, giving it a combined footage of more than 1.8 million sq. ft.
Through May 19, GameStop and Warner Bros. are using Google Maps to let customers hunt characters from the upcoming Warner Bros//CD PROJEKT RED video game “The Witcher 3: Wild Hunt” in real-world locations.
Major shopping center openings in 2014 beg the question, “Are we back on track?”Last year may be the first 365-day period since the Great Recession that there is enough new shopping center space to crow about.Chain Store Age’s annual development survey — spanning 26 years — reported pretty spotty new-build efforts from 2009 to 2013, but in 2014 some significant projects opened.
Sears Holding Corp. and Santa Monica, California-based shopping mall operator The Macerich Co. are forming a 50/50 joint venture that will purchase nine Sears stores located in Macerich malls for $150 million.
Now that the smoke has cleared from the initial release of the Apple Watch, retailers can take a more objective look at how this latest innovation in wearable technology might disrupt customer engagement and the overall customer experience. Here are three thoughts on how Apple Watch could shift the retail landscape.
Google Glass may not be dead, after all. According to the Wall Street Journal, global vertical eyewear retailer Luxottica Group is partnering with Google to release a new version of Google Glass in the near future.
In its latest move to capitalize on the value of its real estate and raise more cash, Sears Holdings Corp. has formed a joint venture with Simon Property Group whereby Simon will take ownership of 10 Sears stores in Simon malls and lease them back to Sears, who will continue operating Sears stores in the venture.
The Boston Marathon is getting its very own permanent store — and it will be located just steps from the finish line, on Boylston Street in Boston. The 2,000-sq.-ft. shop, dubbed Boston Marathon Run Base, is operated by athletic footwear giant Adidas and the Boston Athletic Association (B.A.A.), organizer of the Boston Marathon, in partnership with Marathon Sports.
The U.S. Environmental Protection Agency has awarded its 2015 Energy Star Partner of the Year — Sustained Excellence Award to Kohl’s Department Stores and Staples in recognition of the companies’ continued leadership in protecting the environment through superior energy efficiency initiatives.
Sears Holdings Corp. continues to tap into its vast real estate portfolio to shore up its finances. In a move that was widely expected, the retailer on Wednesday said that it is forming a real estate investment trust.