Retail Stores

3 Things Toys"R"Us Can Learn From Today’s Retail Survivors
May 8, 2018 at 12:49 pm

They say one man’s fortune is another’s opportunity. As Toys"R"Us auctions off 30-plus properties and shutter hundreds more following its recent bankruptcy, other retailers such as Target, Aldi and Big Lots are lining up to bid massive amounts of money with the hopes of expanding their physical presences and upping foot traffic. Across the retail…

Lands’ End Unveils New Store Concept
May 7, 2018 at 2:19 pm

Lands’ End earlier this month unveiled a new 5,000-square-foot store concept in Kildeer, IIl. According to the company, it’s the first of four to six stores Lands’ End plans to open in 2018. The new store offers a “customer first” modern shopping experience, including a fitting room lounge with comfortable chairs, catalogs, a phone connected to the…

Prepping for the ‘Retail Apocalypse’? Stock Up on Brand Consistency
May 7, 2018 at 10:00 am

With big names in retail like Toys"R"Us, Kmart and Gap closing down hundreds of stores this year, it’s easy to start believing the retail industry has reached a point of no return. Bundled with the rise of mobile commerce, age-old brick-and-mortar retailers are struggling to keep up as the dawn of the "retail apocalypse" is…

Why Walmart’s CIO Believes in Failing Fast
May 2, 2018 at 1:18 pm

Clay Johnson, executive vice president and CIO, Walmart, isn't afraid to fail. This was a key revelation gleaned from a discussion he had with Debbie Hauss, editor-in-chief, Retail TouchPoints, at the Retail Innovation Conference in New York City this week. “I’m one of those people who uses a fail fast model,” Johnson said. “The pace…

Edge Technology: The Beating Heart of the Store of the Future
May 2, 2018 at 9:53 am

The soaring popularity of online-based retail among consumers cannot be denied, but physical retail will continue to represent the majority of sales. In fact, recent research found that physical retail will still account for 80 percent of sales globally by 2025 — an indicator that consumers still see huge value in visiting brick-and-mortar stores. However,…

4 Things to Know About the State of Retailing Today
April 30, 2018 at 9:50 am

As retail continues to evolve, it has become clear the old ways of thinking that pit digital vs. physical no longer apply. Today’s consumers go from browsing an item on their mobile phones, to reserving it online and then picking it up in-store, and they expect the same seamless, frictionless experience at each point in…

GNC to Close 200 Stores This Year
April 26, 2018 at 4:43 pm

GNC said Thursday it plans to shutter about 200 stores across the U.S. and Canada in 2018. The vitamin shop owner has more than 8,000 locations globally, about 3,300 of which are corporately held and within the U.S. and Canada, according to its website. It also operates shops within Rite Aid stores, and has a little more…

Mother’s Day Spending to Reach $23.1 Billion
April 25, 2018 at 3:14 pm

Mother’s Day spending is expected to total a near-record $23.1 billion this year, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. Eighty-six percent of Americans plan to celebrate Mother’s Day, and they will spend an average of $180 per person. “This year’s Mother’s Day forecast is one…

How Technology Will Reinvent the Retail Store Experience
April 24, 2018 at 12:50 pm

The benefits of online shopping are obvious: its speed, ease and convenience drove Q2 2017 e-commerce sales to $111.5 billion, a 16.2 percent increase year-over-year. Still, if given a choice, 64 percent of online shoppers prefer buying from physical outlets — a number that, surprisingly, increases when talking about younger shoppers. Millennials and even Gen…

Old Navy to Open 60 Stores in 2018
April 24, 2018 at 9:08 am

Discount apparel brand Old Navy will add 60 more stores across the U.S. this year, pushing its total to more than 1,000 locations. Gap Inc., which owns Old Navy as well as the flagship Gap banner, Banana Republic and Athleta, currently operates more than 3,500 stores globally. Meanwhile, Gap Inc. is trimming back its fleet…