Strategy

Rural lifestyle retailer Tractor Supply Co. has been strengthening its IT infrastructure to support growth, and now is turning its attention to pricing.   Tractor Supply Co. plans to grow from 1,500 to 2,500 stores, and has been shifting to a Web-scale architecture and new ERP platform. Now the company is extending an existing partnership with merchandise optimization solutions provider Revionics Inc. through 2019.  

If it seems like more if your inventory is disappearing, you’re probably not imagining things.   According to the 2016 National Retail Federation (NRF) Retail Security Study, conducted in collaboration with the University of Florida, retailers’ inventory shrink averaged 1.38% of retail sales, or $45.2 billion in 2015, up by 3% from $44 billion the previous year.  

Arc’teryx Equipment, a Vancouver,Canada-based specialty retailer of high-performance outerwear and goods, is all about helping customers achieve their maximum potential.   The retailer has decided to take that same performance-driven ethos and apply it internally with help from visual analytics technology provider Qlik. Arc’teryx is using the Qlik visual analytics platform to transform its operational efficiencies and expand its global footprint.   

Draw Another Circle, the parent company of Texas-based Hastings Entertainment, has filed for Chapter 11 bankruptcy protection, with hopes of finding a buyer for its Hastings superstores.    

The combination of a cool spring and the continued pullback in luxury apparel spending took a toll on Neiman Marcus Group in the company’s third quarter.    The department store retailer’s profit plunged 80% in the period ended April 30, down to $3.8 million from $19.8 million in the year-ago period.    Total revenue for the quarter fell 4.2% to $1.17 billion, down from $1.22 billion a year ago.   Same-stores sales fell 5%.   

Staples is hopping on board the same-day delivery train.    The chain is testing “Staples Rush,” a same-day delivery service to its online customers in major metropolitan areas across the United States. It’s offering the service initially for a fee of $14.99 per delivery, which may change while the project is in beta.  

Given the growing proliferation of digital devices, it’s no wonder uBreakiFix is feeling bullish about expansion.   The fast-growing technology repair company specializes in same-day repair service of small electronics. With some 200 locations across North America, uBreakiFix opened 24 stores during first quarter 2016. It expects to have a total of 275 stores by year end.   

Specialty ink and toner retailer Cartridge World has a limited product offering, but that isn’t stopping it from thinking big or getting creative.   The McHenry, Illinois-based chain currently has more than 400 North American and 1,000 international stores, and intends to have more than 3,000 total stores by 2019. To help boost sales beyond its existing assortment and store base, Cartridge World is launching a mobile application called PrintWorld.  

PGA Tour Superstore opened its 26th store to date — and first store in Minnesota — on June 11.   Located in Minnetonka, in a previous Sports Authority location, the 41,000-sq.-ft. store has 12 interactive simulators, practice hitting bays, a large putting green measuring more than 1,500 sq. ft. and an in-house club-making and repair facility to provide an interactive experience to golf enthusiasts of all levels.  

Design is at the heart of Ethan Allen’s new “Design Center” retail format, which opened in Rockville, Maryland.   The store showcases the company’s new interactive design service and brings its robust website to life. The open floor plan has design stations and large touchscreens that invite customers to work directly on projects with the company’s design professionals in a space outfitted with the latest technology.