Ikea looks to open its first store in Tennessee
CONSHOHOCKEN, Pa. – Ikea hasa proposed plans for a possible store in the city of Memphis, Tennessee that could increase the Swedish retailer’s presence in the Southeastern United States as its first store in the state.
The potential store could open as early as fall 2016 and is contingent upon receiving all governmental approvals.
Proposed for a location in the Wolfchase corridor, 15 miles east of downtown Memphis, the 269,000-sq.-ft. possible Ikea store and more than 1,000 parking spaces could be built on 35 acres along the southwestern side of Interstate-40 near Germantown Parkway exit. The retailer also would evaluate potential on-site power generation to complement its current renewable energy presence at nearly 90% of its U.S. locations.
“We are excited at the possibility of growing our southeastern U.S. presence with a potential Memphis store,” said Ikea U.S. CFO Rob Olson. “This proposed location in such a vibrant retail corridor could provide our already 37,000 Memphis-area customers their own store and introduce the unique Ikea shopping experience to other consumers throughout western Tennessee, northeastern Arkansas, Northwestern Mississippi, and beyond.”
In addition to the more than 500 jobs that could be created during the construction phase, approximately 225 coworkers could join the IKEA family as a result of opening the potential store. An IKEA Memphis store also could provide significant annual sales tax revenue for local governments and schools.
Domino’s manages real estate with AMTdirect
Ann Arbor, Mich. – Domino's Pizza has selected and implemented AMTdirect to manage its corporate real estate portfolio. The cloud platform has allowed Domino's to centralize real estate information and track revenue, sales and expenses across locations.
AMTdirect's mapping software will also help Domino's make strategic decisions about new and existing locations. AMTdirect allows Domino's to manage its corporate real estate portfolio. The platform has centralized location data and lease terms including rent payments, taxes, insurance, utilities and non-financial obligations.
The system has also automated expense and revenue tracking and now allows Domino's to view data analytics across all locations.
"After losing time and sleep on our prior real estate solution, we decided it was time to move to a platform that would be easy to implement and a pleasure to use," said Jessica Dillon, real estate leasing coordinator at Domino's. "AMTdirect stood above the crowd. We love the user interface, and we're excited to see such high adoption among our business leaders."
Survey: Teen girls still like malls
New York –Even in a digital age, young women still love shopping malls—especially during the holidays. According to a survey of female millennial shoppers from Teen Vogue, 65% of respondents will do the majority of their holiday shopping in stores, compared to 35% who will do most of it online. The top reasons why respondents said they would rather go to a mall than shop online during the holiday season was to see products (75%), hang out with their friends (44%), and bond with their mom (37%).
“The big headline over Black Friday weekend was about record e-commerce sales," says Teen Vogue VP and publisher Jason Wagenheim. "But for the millennial shopper—especially the 16- to 26-year-old segment—the mall remains the most important part of the overall omnichannel shopping story. While she's definitely shopping more online and through mobile than in years prior, the brick-and-mortar experience still greatly matters."
The top three reasons they look forward to visiting the mall during the holidays are store decorations/window displays (75%), music (53%) and collecting festive shopping bags (46%).
The survey also showed:
• About 65% of respondents do the majority of their holiday shopping in-store.
• Virtually every respondent (98%) said she will buy gifts for others, and 77% said they sometimes or always "go shopping to buy someone else a gift and end up buying something for myself."
• Through browsing online (87%), reading magazines (65%), and walking through the mall (61%), respondents have created their own holiday wish lists: clothing 67%, shoes 54%, makeup 53%, accessories 46%, tech 45%.
Teen Vogue has a circulation of more than 1 million, and reaches an audience of 12 million more via teenvogue.com, 11 social media platforms, a video channel, and retail shopping events.