Friday, October 20, 2017

How long til the true Google retail store arrives?

Google StoreIn the beginning, Google was a search company. Period.

At some point, it shifted into being a software and services company — and then a software and services company that, y'know, kinda-sorta dabbled in hardware here and there.

These days, there's no denying it: In addition to its ongoing software and services efforts, Google is a hardware company through and through. . . . more

Toys ‘R’ Us is getting ready to launch Black Friday deals — starting next week

Image result for toys r usAs a teaser to the anticipated Black Friday weekend, the nation’s largest toy retailer is launching its first deals next week.

Toys “R” Us is kicking off deals between Thursday, Oct. 26 and Saturday, Nov. 18. These will include items from the company’s “Holiday Hot Toy List.” Customers will get a sneak peek into this merchandise in the retailer’s holiday catalog, “The Ultimate Guide to Play,” which will be mailed out on Thursday, Oct. 19 and available in newspapers on Sunday, Oct. 29.. . . more

Under Armour launches merchandise subscription service

Image result for under armourUnder Armour is jumping on the fashion subscription box bandwagon with its latest offering, ArmourBox.

It’s the Baltimore brand’s first-ever subscription service, along the lines of otherssuch as Stitch Fix, Le Tote, Fabletics and Rent the Runway.. . . more

Walmart eyeing department store chain to ‘anchor’ potential online mall

A potential partnership could give Walmart another way to compete with its rival Amazon.

The discount giant is nearing a deal with Lord & Taylor that would give the department store dedicated space on Walmart’s website. Besides encouraging other brands to follow suit and also come aboard, this move could also be a stepping stone for the discounter to establish as an online mall, according to Fortune.. . . more

First Look: Apple opens next-gen flagship in Chicago

Image result for apple new chicago storeApple is unveiling its newest and most architecturally ambitious store to date, a 20,000-sq.-ft. glass showcase on North Michigan Avenue in Chicago.

Opening on Friday, Oct. 20, Apple Michigan Avenue is designed to be a gathering place for the local community, and will host year-round events. The program kicks off with “The Chicago Series,” a set of five individual programs co-created with local non-profits and creative organizations. Each program focuses on a theme or project designed to make a positive impact in the community.. . . more

Target will balloon store remodel slate

Target will balloon store remodel slateOpening its first mid-town Manhattan store today, Target has announced that it is dialing up the pace of remodels – way up.

Target said it will accelerate the number of store remodels to more than 1,000 by the end of 2020 and expand its Restock program nationwide next year. The remodels will feature its next generation store design.. . . more

Gordmans wins OK for liquidation plan

Gordmans will get a second life after bankruptcy under the Stage umbrella. That is just one of a handful of outcomes we’ve seen during a year of record bankruptcy filings that have ended in liquidations, sales and a growing number of reorganizations intended to save retailers as independent going concerns.

Founded just over 100 years ago, Nebraska-based Gordmans Stores was once a fixture in the Midwest. After opening a group of stores that sold department store merchandise at a discount in 1975, the company went on to operate more than 100 stores at its height. . . . more

Thursday, October 19, 2017

Retail Giant Target Announces Plans for First Vermont Store

The retail giant Target says it plans to open its first Vermont store a year from now.

In a release issued Thursday, Target says that once the planned 60,000-square-foot store opens in at the University Mall in South Burlington in October 2018, it will have stores in all 50 states...more

This Retailer Went From Zero To $2 Billion In Four Years

Image result for LuLaRoeThe few startups that grow rapidly to over $1 billion in revenue are almost never in retail, they’re usually in technology or other industries. Retailers that grow so fast are normally unsustainable.Except for this one.

The Company is called LuLaRoe. They sell ladies clothes along with some men’s and children’s in colorful styles. There’s nothing so unusual about that, in fact right now that’s a fairly unattractive business to be in. That’s what makes this company so intriguing. There are a few other unusual things about LuLaRoe, even aside from the growth it’s experienced.. . . more

Blue Apron is laying off hundreds of employees

Image result for blue apronAs Blue Apron approaches its next earnings report in a couple of weeks, the company said Wednesday that it is laying off 6 percent of its staff as part of “a company-wide realignment of personnel to support its strategic priorities.”

Blue Apron was one of the big consumer IPOs of the year, but it’s also now one of the companies that represent the major challenges consumer IPOs have faced throughout the year. The company is an example of a complex business that can face significant challenges acquiring and retaining customers, as well as one that faces an existential threat from Amazon.. . . more

Amazon Prime hits 90 million U.S. members

Amazon Prime now has 90 million members in the United States. These shoppers continue to spend on average about $1,300 per year, compared to about $700 per year for non-member customers.

This was according to data from Consumer Intelligence Research Partners, LLC (CIRP). The firm surveyed 500 U.S.-based members who made a purchase at between July and September 2017.. . . more

What Will Be the Impact of Retail Landlords Taking a Black Friday Holiday?

Image result for black friday shoppersBy now, the list of retailers that have vowed to close up shop on Thanksgiving Day is no less than 75. One major landlord, CBL & Associates Properties Inc., also announced that its retail properties will go dark in the run up to Black Friday, accounting for about 62 centers.

This is the second consecutive year that CBL has decided to close its malls on Thanksgiving Day, a decision that officials said was prompted in part by negative feedback from consumers and employees.. . . more

Bob's Discount Furniture enters Los Angeles market with 6 stores in 2018

Image result for bob's discount furnitureBob's Discount Furniture, a Top 100 furniture retailer based in Manchester, Conn., has announced the opening of six new stores in the Los Angeles market, its first on the West Coast.
The furniture retailer has planned simultaneous ribbon cuttings on Feb. 15, 2018, at its new locations in Baldwin Park, Huntington Beach, Los Angeles-Mid-Town, Long Beach, West Hills and Valencia, Calif.

Bob's currently has 89 stores in 15 states across the East Coast, Mid-Atlantic and Mid-West regions, adding more than a dozen new stores in the past year alone. In addition to the six new stores in the Los Angeles area, the furniture retailer has three others set to open on the same day in Pennsylvania and Virginia.. . . more

Wednesday, October 18, 2017

Retail sits vacant in nearly $1B of newly bought Soho real estate

Image result for soho retail vacancyInvestors who shelled out more than $940 million to buy retail-focused buildings and condominium and cooperative units in Soho over the past six years are today sitting with their spaces vacant, according to a recent analysis by The Real Deal.

Real estate players including 60 Guilders and Ponte Gadea paid top dollar for store space and are now working to fill it as the retail market shifts underfoot. In total, investors bought 40 properties in the neighborhood that as of last month had more than 163,000 square feet of retail space sitting vacant, representing nearly one-third of all the vacant space in the district. . . more