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Strategy

  • Department store retailer continues Canadian expansion

    Nordstrom has opened its second full-line store In Toronto. The department store retailer opened a three-level, 199,000-sq.-ft. store at Yorkdale Shopping Centre on Oct. 21. It is the company's second location in Toronto, with the first, at CF Toronto Eaton Centre, opening in September.

  • Walmart makes another big move in China

    Walmart has made another big e-commerce investment in China.   On the heels of launching three major e-commerce initiatives in China, Walmart will invest $50 million in New Dada — China’s largest local on-demand logistics and grocery online-to-offline (O2O) e-commerce platform.  

  • Staples moves beyond office supplies with new licensing efforts

    Staples is getting into the licensing game as a means of expanding its brand. It’s first target — document storage.  

  • Big number paid for Houston center

    A 65,798-sq.-ft. neighborhood center in the Houston suburb of Greenspoint has been purchased for $15 million, or about $228 per square foot, according to the Chron website. Deal broker CBRE said that’s one of the highest prices paid for retail space in the area on a square-foot basis.  

  • Skechers Q3 misses

    Skechers’ third quarter results came in below estimates as the company said it would continue to focus internationally for growth.   The Manhattan Beach, Calif.-based brand’s net income fell 2.2% to $65.1 million, or 42 cents per diluted share, which was below forecasts for diluted EPS of 47 cents. Skechers said its diluted EPS were negatively impacted by foreign currency translation and exchange losses.  

  • Walmart amps up online strategy in China with three new initiatives

    Walmart is ready to sink its teeth into the world’s largest e-commerce market.   Three months after entering into a strategic alliance with JD.com, China’s second-largest e-commerce website, Walmart is introducing Chinese shoppers to a new digitally-driven shopping experience. For example, Chinese shoppers got their first taste of Sam’s Club when Walmart opened the doors of its first flagship store in China today.  

  • Starbucks ups store count for its new upscale chain

    Starbucks is bullish about its new café format, Starbucks Reserve, which will target a more sophisticated audience with premium coffees and food offerings.     The company had previously said it planned to open 500 Reserve locations globally, with the format making its debut next year. But it is looking to open as many as 1,000 locations, Bloomberg reported.

  • Shoppers are most loyal to these brands

    Two online brands and an iconic American designer top a list of retail brands that command the most loyalty among consumers.   Amazon, Zappos and Ralph Lauren were the top loyalty leaders in the retail segment in the 20th annual  Brand Keys Loyalty Leaders List.  The ranking, which is 100% consumer-driven, examined 72 categories and 635 brands. Rounding out the top five in retail: Sephora and Trader Joe’s.     

  • Starbucks reveals location of fourth Reserve Roastery format

    Starbucks is bringing its new immersive store concept to Tokyo.   The coffee giant will open a Reserve Roastery in Tokyo, in 2018. Located in the Nakameguro district, an upscale neighborhood, the Roastery will be designed in collaboration with Kengo Kuma, a world-renowned architect and founder of Kuma Lab at the University of Tokyo.  

  • Sheetz customers can now ‘OrderUp’

    Sheetz just added a new item to its assortment — an app-based delivery service.    Through a partnership with OrderUp from Groupon, an on-demand restaurant food-delivery service, Sheetz now features a mobile ordering program for food and beverages. The service, which is available in its Morgantown, W.V., and State College, Pennsylvania, locations, allows shoppers to place orders and have them delivered to their doorstep.  
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