Online home furnishings and decor brand to open store
Yet another e-tailer has decided to try out the physical space.
Wayfair plans to open a retail outlet in the Cincinnati suburb of Florence, Kentucky, according to a tweet by the city of Florence.
The 20,000-sq.-ft. location will open early next year, reported Furniture Today, and will sell returns and closeouts.
In separate news, Wayfair reported that its second quarter sales increased $538.5 million to $1.6 billion, up 48.8% year over year. The number of active customers increased 34%, to 12.8 million.
The retailer posted a net loss of $0.77 per share, more than expected. In the second quarter of last year, Wayfair said it had a net loss of $0.26 per share and $1.12 billion in revenue.
“We are pleased to report a record second quarter and our largest yet year-over-year dollar growth in direct retail net revenue,” said Niraj Shah, CEO, co-founder and co-chairman, Wayfair. “This recent quarter included our biggest revenue day in the history of the company as we introduced Way Day, the first-ever retail holiday for home. Our long-term investments in further developing our logistics networks, international business, and in scaling headcount to improve our product and service offerings are resonating strongly with new and returning customers.”
Wayfair launched its Way Day shopping event on Wednesday, April 25. The shopping event offered Black Friday-level prices for 24 hours on 70,000 products across the home furnishings, décor and home improvement categories.
Hudson’s Bay Co. to open new pop-ups—with emphasis on local talent
A department store giant is using pop-up stores to showcase a sampling of Canada’s budding fashion companies.
On Sept. 4, Hudson’s Bay Co. will create pop-up stores to feature 12 emerging homegrown designers. The pop-ups will be at five locations across the country, including two stores in downtown Toronto, and one each in Montreal, Vancouver and Calgary, according to the Financial Post.
The pop-ups coincide with Toronto Fashion Week, and will stay open for three months. Collections, a Toronto-based fashion production agency, helped Hudson’s Bay curate the pop-up assortments, the report explained.
In addition to giving these emerging brands a national platform, the retailer will sell the collections online and in its Vancouver, Yorkdale, Chinook, Montreal and Queen Street stores, the report said.
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First Look: Hy-Vee’s new store format blends grocery with health and fitness
Midwest supermarket operator Hy-Vee has big plans for its new small-store format.
The concept, called Hy-Vee HealthMarket, opened in West Des Moines, Iowa. The 15,700-sq.-ft. space features grocery and healthy lifestyle and personal care items, along with a full-service pharmacy, health clinic and hearing aid center, sports nutrition area, beverage station, and online pickup services. Hy-Vee expects to open two HealthMarket stores in 2018, in the Kansas City and Madison, Wisconsin, markets next year, with the potential for 50 to 60 locations in the future, according to a report by the Des Moines Register.
The new concept is an expanded version of the in-store HealthMarket shops located inside Hy-Vee’s larger stores. It carries many of Hy-Vee’s original store format products such as fresh produce, high-quality meat and seafood, dairy and frozen food items.
“We can’t wait for Hy-Vee customers to experience this new store concept, which offers products and services to meet all of their health and wellness needs,” said Matt Pertzborn, store director at the West Des Moines HyVee HealthMarket.
An Orangetheory Fitness studio is attached to the store. Hy-Vee first teamed up with the fast-growing Orangetheory in 2017, when it opened a center at Hy-Vee store in Shakopee, Minnesota. Future collaborations between Hy-Vee and Orangetheory are possible.
Hy-Vee is an employee-owned corporation operating more than 245 stores across eight Midwestern states with sales of $10 billion annually.