November 26, 2014

Bloomingdale’s new store in Palo Alto, California, is the retailer’s most digitally sophisticated to date.

November 26, 2014

The Conference Board said Tuesday that consumer confidence in November fell to a reading of 88.7, down from a revised 94.1 in October. The drop, which surprised analysts, put the index at its lowest level since June. 

November 26, 2014

 DSW Inc. exceeded Wall Street expectations for net income and sales in the third quarter of fiscal 2014.

November 26, 2014

The Esplanade mixed-use development on E. Camelback Road in Phoenix will under significant renovations beginning in first quarter of 2015, according to third-party manager CBRE.

November 26, 2014
New York - A sophisticated marketing mix—one that includes social media, mobile and digital campaigns—is crucial in today’s fragmented retail environment. Twitter be can be especially helpful in targeting customers, according to one industry expert.  
November 26, 2014

More than half of consumers are either unsure or not confident at all in the security of their personal information, which could impact holiday shopping.

 

November 26, 2014

After nearly a decade of stalled growth in the shopping center industry, 2014 finally saw progress being made on the new development front. While it’s true that much of the ground-up construction was of the outlet center ilk, the value sector wasn’t the only new-build push. Mixed-use properties and open-air destinations continue to come out of the ground, albeit stingily, as do hybrid centers that defy current standard definitions.

November 26, 2014

Casey’s General Stores Inc. will revise its financial statements for fiscal years 2012, 2013 and 2014 and the first quarter of fiscal year 2015, due to a $31.5 million error in how it accounted for excise tax on sales of ethanol fuel. 

November 26, 2014

Manhattan’s high-profile Fifth Avenue, at a whopping $3,550 per sq. ft., and Hong Kong’s Queen’s Road Central, at $2,073 per sq. ft., stand out as the most expensive retail rents in the world, according to Colliers International.

November 26, 2014

Ugg Australia, a division of Deckers Brands, has taken its omnichannel commitment to a new level with the opening of its store in Tysons Galleria, McLean, Va. The technology-driven, 2,110-sq.-ft. store features the latest in omnichannel solutions and RFID innovations that combine to make for a more seamless and connected customer experience. 

 

November 25, 2014

Casey’s General Stores Inc. will revise its financial statements for fiscal years 2012, 2013 and 2014 and the first quarter of fiscal year 2015, due to a $31.5 million error in how it accounted for excise tax on sales of ethanol fuel.

November 25, 2014

 The merchandising organization at Walmart is being transformed again following the departure of executive VP and chief merchandising officer Duncan Mac Naughton.

November 25, 2014

DSW Inc. exceeded Wall Street expectations for net income and sales in the third quarter of fiscal 2014. 

November 25, 2014

When Gordmans Stores Inc., the Omaha, Nebraska-based chain of 95 Midwestern discount stores, decided to expand into underserved markets in the central U.S., the retailer discovered its legacy IT systems would not adequately support its planned growth. Outmoded applications across a range of functions in the enterprise created such problems as the setting of a double-digit limit for location numbering. This limitation meant that Gordmans could not add stores or distribution centers in its system past a double-digit amount.    

November 25, 2014

The country as a whole has weathered some difficult economic times in the past several years, with the Northeast among the hardest-hit regions. The Northeast retail real estate market felt the impact of both fewer shoppers as consumers moved to areas of the country with better job opportunities, and reductions in the size and frequency of shopping trips.

However, just as the economic prospects of the country have started improving of late, so too have the economic prospects of the Northeast started improving, with the regional real estate market benefiting.

November 25, 2014

For the holiday season-to-date, $17.5 billion has been spent online using desktop computers, an 11% increase versus the corresponding days last year, according to comScore.  

November 25, 2014

For children on a long journey, the typical refrain is, “Are we there yet?” However, for retail IT practitioners and executives, the challenge is not in waiting to get “there,” but figuring out what “there” even is. The question for the IT journey on which retailers are now traveling can be more appropriately phrased as, “Where are we going?”

November 25, 2014

Prolific developer Trademark Property Company is doing its part to ramp up the country’s new development and active redevelopment stats. The Fort Worth, Texas-based firm has five projects under construction:

November 25, 2014

Blue skies and cool breezes. That’s the economic forecast as the calendar turns for a new year. Retailers looking to bolster revenues and profits over the next 12 months should benefit from a gradual improvement in the ability and willingness of shoppers to spend.

“Stronger job growth, record low debt service burdens, record high stock values and rebounding house prices are supporting consumer spending,” said Sophia Koropeckyj, managing director of industry economics at Moody’s Analytics, a research firm based in West Chester, Pennsylvania.

November 25, 2014

By Lee Peterson

 

November 24, 2014

On the site of a former gas station in West Haven,  Connecticut., CVS Health has unveiled its most environmentally progressive and energy efficient store so far.

For starters, the LEED Platinum-certified drug store boasts day lighting, a landscape design that doesn’t require irrigation, super-efficient HVAC units and LED-lit coolers that light up when approached. (Platinum is the highest distinction in the Leadership in Energy and Environmental Design program.)

November 24, 2014

Dunkin’ Donuts continues its aggressive expansion with the signing of multi-unit store development agreements with five franchise groups for a total commitment of 63 new restaurants in the greater San Francisco Bay Area, Palm Springs and Bakersfield over the next several years.

November 24, 2014

In the past five years, the EEOC has seen a significant increase in charges of religious discrimination. 

November 24, 2014

The Container Store has long been lauded as one of the places to work—and now it looks like it’s also a great place to get married.