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Strategy

  • Abercrombie expanding in this market

    Abercrombie & Fitch is expanding its presence in the Middle East. The retailer has entered into an agreement with Majid Al Futtaim Fashion to open stores in Saudi Arabia, Qatar, Bahrain and Oman. Since 2013, Abercrombie, in partnership with Majid Al Futtaim Fashion, has opened eight stores in the United Arab Emirates and Kuwait.

  • J.C. Penney moving forward with big new initiatives

    The likes of Lowe’s, Home Depot, and Best Buy have a new competitor to deal with—J.C. Penny. "The department store retailer on Monday announced a major expansion into home appliances, as well as two new tests in the home area, one involving Ashley Furniture, and the other national carpet and flooring company Empire Today.

  • Changes at the top for The Container Store

    Kip Tindell, chairman and CEO of The Container Store, is giving up his CEO title. He will continue as chairman of the company, which he co-founded in 1978..

  • Krispy Kreme acquired in billion dollar deal

    A company that achieved global fame for its simple glazed doughnuts has been acquired by the owners of a growing coffee empire. Krispy Kreme Doughnuts has agreed to be acquired by JAB Beech Inc., a unit of German investment firm JAB Holding Company, for about $1.35 billion. The deal, which would take Krispy Kreme private, is the most recent in a string of purchases by JAB Holdings, including its acquisition in late 2015 of single-serve coffee maker Keurig Green Mountain.

  • Three Ways Gen Z Will Change Retail

    Everyone is talking about the huge impact millennials are having on retail. Also known as Gen Y, they are usually considered to occupy the 18-to-35 age demographic. But what about Gen Z, the younger siblings (or even children) of millennials?
     
    Based on what we’ve seen so far, here are three ways Gen Z will change retail in the next few years.
     
    Video Killed the Retail Star

  • Nautica gets back to its roots

    New York City-based lifestyle apparel retailer, Nautica, a division of VF Corp., has opened a flagship in Manhattan, in the SoHo neighborhood. The 2,000-sq.-ft. store opening embodies the brand's refreshed marketing and design strategy which celebrates the company’s roots as well as its established nautical heritage.

  • Pat Catan opens its first store under ownership of Michaels

    Michaels Companies will unveil a 26,500-sq.-ft. Pat Catan’s Crafts and Floral store on May 13 – the first opening since Michaels acquired Pat Catan’s parent company earlier this year.

  • Nation’s largest electronics retailer smashes glass ceiling

    Women now make up the majority of the leadership team at Best Buy, theStar Tribunereported, with the retailer reaching the tipping point in April when it hired Trish Walker from Accenture as president of services. Having more gender diversity has been a commitment of Best Buy CEO Hubert Joly, who took over in September 2012, the report said.

  • Canadian retailers respond to Fort McMurray wildfires with donations

    Both Walmart Canada and Loblaw companies sent financial aid to support the relief efforts in the Fort McMurray community. According to reports published Friday morning, fires in the province of Alberta have to date forced the evacution of 88,000 residents and destroyed more than 1,600 structures.

  • Retail gives back jobs in April

    A surprising decline in retail hiring helped trigger a weak employment report for April.

    Job growth in April slowed sharply to a seven-month low. The report gave back growth seen earlier in the year, and the retail industry — excluding automobiles, gasoline and restaurants — showed a decline of 4,900 jobs, the National Retail Federation reported.

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