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Strategy

  • How to Make a Next-Generation Store a Right Now Store

    Over the next three years, outdoor lifestyle apparel retailer Toad&Co. plans to open 20 new brick and mortar stores.    With news of store closings by powerhouse brands likely swirling around in your head, you may be tempted to make sure you read that number correctly. It’s been dizzying for sure. So why would an apparel retailer be looking to expand its brick and mortar footprint in this environment?    

  • Leader in secondhand luxury retail trying out brick-and-mortar

    Online luxury consignment retailer The RealReal is taking its resale model into the physical space.    The retailer plans to open its first-ever permanent retail location in November,  in Manhattan's SoHo neighborhood, reported Women's Wear daily. The two-level, 8,000-sq.-ft. store will showcase items from all of The RealReal's categories and also feature contemporary artwork and a wall of Hermès bags, according to the report. It will host classes and discussions.  

  • Amazon sets sights on new retail segment

    Amazon has found a way to further expand its foothold in the grocery industry.   The online giant has submitted a trademark application that will enable it to enter the meal kits business. The move will directly rival meal kit provider Blue Apron, according to CNBC.  

  • Off-pricer remains bullish on store expansion

    Ross Stores continues to build out its store footprint at an aggressive pace.   The off-price retailer opened 21 Ross Dress for Less stores and seven dd's Discounts locations across 15 different states in June and July. The openings are part of the company's plans to add approximately 70 Ross and 20 dd's locations in 2017.   

  • MoMA Design Store, Kyoto, Japan

    The Museum of Modern Art (MoMA) Design Store continues to expand its footprint with the opening of a store in Kyoto, Japan.   The 1,076-sq.-ft. space offers an edited version of MoMA’s signature selection of tabletop, workspace and personal accessories, lighting and tech products, art reproductions and stationery. It also features items designed and produced in Japan.  

  • Shoewear giant taps veteran to head up new division

    The parent company of Famous Footwear is expanding its men's and international operations.    Caleres has tapped Malcolm Robinson as president of the company’s new men’s and international division. He will oversee the strategic growth initiatives for the Caleres men’s brands, as well as expand an international footprint across the company’s portfolio.  

  • Neiman Marcus’ digital security exec jumps ship

    A luxury department store retailer has lost its first-ever cyber security chief.   Sarah Hendrickson has left her post as Neiman Marcus’ chief security information officer, reported D Margazine. She joined the company in November 2014, the first executive to hold the position. Neiman Marcus introduced the role following its high profile data breach in 2013.  

  • Visa will pay some merchants to go cashless

    Visa Inc. is doing its best to usher in the cashless future.    The credit card giant has announced a new initiative, called the Visa Cashless Challenge, which will incentivize small merchants to move away from cash payments. Using an application-based format, Visa will award approximately $10,000 each to 50 eligible U.S.-based small business food service owners, including food truck owners.  
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