Strategy

Target Corp.’s partnership with MIT Media Lab and global design firm IDEO is bearing fruit — literally.

In January, Target announced the launch of the Food + Future coLab, a multi-year collaboration with MIT and IDEO to explore the future of food. Although it’s only been a couple of months, Target is already testing two ideas from the coli.

Macy's has added an expert in real estate investments its board as the department store retailer remains under pressure from an activist investor to spin off some of its real estate into a real estate investment trust.

Urban Outfitters is going against the smaller-is-better footprint trend and experimenting with larger-sized stores for its Anthropologie brand.

The retailer is testing four “ultimate experience” Anthropologie stores, ranging in size from 20,000 sq. ft. to 30,000 sq. ft., Women’s Wear Daily reported.

A popular goose has found a nest in Manhattan’s SoHo neighborhood.

Canada Goose, best known for its signature goose-down jacket with Arctic Circle logo and fur-trimmed hood, has signed a lease for an approximate 4,400-sq.-ft. store on Wooster Street, The Real Deal reported. The asking rent for the space, according to the Real Deal, was $550 a foot.

Hickory Farms is looking for new ways to grow following the operator of the company acquisition last fall by a private equity firm and the recent appointment of a CEO who spent time at RedBox and Crate & Barrel.

Apparel chains focused on tweens and teens are increasingly at risk of filing for bankruptcy protection.

At least that’s the view of Michael McGrail, COO of Tiger Capital Group and a veteran retail liquidation and asset appraisal executive.

Tommy Hilfiger will be inducted into the World Retail Hall of Fame at the 10th Annual World Retail Congress, to be held at the Madinat Jumeirah in Dubai on April 12-14.

Hilfiger introduced his signature collection in 1985. Since then, the business has grown from a single menswear collection to a global lifestyle brand achieving over $6.7 billion in retail sales in 2014. There are over 1,400 Tommy Hilfiger stores in over 115 countries.

The Richmond Times-Dispatch is reporting that the 19 Martin’s Food Markets stores in the area will be either sold or closed as the completion of parent company Ahold’s merger with Delhaize Group. The Richmond-area stores are just some of the 83 stores the combined companies are looking to unload across the eastern and northeastern U.S. (Richmond Times-Dispatch)

Two of the biggest names in the U.S. paint industry are combining forces.

Modell’s Sporting Goods continues to grow its brick-and-mortar footprint. The New York-based company has added two more stores to its portfolio, one in Boston and the other in Philadelphia. Both stores are in prime locations formerly occupied by City Sports. (City Sports filed for bankruptcy in October 2016, and subsequently announced it would close all locations.)

In Boston, Modell’s opened an 11,000-sq.-ft. store on Boylston Street, in the city’s Back Bay area. It’s the retailer’s first outpost in downtown Boston.