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Strategy

  • King of Prussia Mall opens 155,000-sq.-ft. wing

    Simon has opened the doors on a new 155,000-sq.-ft. wing at its King of Prussia Mall that connects the five-anchor Plaza and two-anchor Court. The Pennsylvania mega-mall’s footprint now encompasses 2.9 million sq. ft.   Longtime tenants Burberry, Hermes, Louis Vuitton, and Tiffany relocated to the new addition. Some 50 new stores will populate the space, led by high-fashion and luxury brands such as Calligaris, David Yurman, Jimmy Choo, CH Caroline Herrera, and Diane von Furstenberg.   

  • Wal-Mart roars in Q2; raises forecast

    Wal-Mart Stores surprised the industry on Thursday with better-than-expected profit and revenue for the second quarter. The chain raised its full-year outlook in the wake of its strong performance.    The retailing giant reported that its net income rose 8.6% to $3.8 billion in the quarter ended, up from $3.5 billion in the year-ago period.    Total revenue rose 0.5% to $120.85 billion in the quarter, slightly above analysts' projection.   

  • Flexible, Agile Networks: The Backbone of Retail Operations

    Customer experience remains at the hub of all retail strategies, including technical strategy. Whether it’s global inventory availability, mobile payment or loyalty apps, e-commerce and call center integration, or ubiquitous points-of-sale, infrastructure that uses all assets while integrating suppliers and consumers continues to define a retailer’s network design. Further, in highly competitive retail segments, managing the costs of digital fluidity is not only vital to capturing profitable share; it can also distinguish competitive advantage. 

  • Lowe’s posts growth, but not enough for Wall Street

    Mooresville, North Carolina-based Lowe’s reported modest second-quarter growth. It also had a message for RONA employees in Canada: welcome to the team.

  • American Eagle Outfitters soars in Q2

    American Eagle Outfitters’ profit, revenue and same-store sales increased in the second quarter, with its results topping expectations.   The chain posted a profit of $41.6 million for the quarter, up 25% from $33.3 million in the year-ago quarter.   Total net revenue increased 3% to $823 million, from $797 million in the year-ago period.   Consolidated same-store sales increased 3%.   

  • PetSmart debuts new store concept heavy on service

    PetSmart is looking to get a bigger share of the more than $60 billion Americans spent on their pets last year.      The retailer has opened its first-ever PetSmart Pet Spa, in Oceanside, New York. The new store is aimed at offering an enhanced experience and is intended to test out various ideas for consideration within PetSmart’s network of 1,460 plus stores.  

  • Fred’s names new executive VP, chief merchandising and marketing officer

    Fred’s on Tuesday announced its new executive VP and chief merchandising and marketing officer, Mary Lou Gardner. Gardner will be replacing Bryan Pugh, who has resigned from the company, effective immediately.    

  • Tech Guest Viewpoint: Flexible, Agile Networks: The Backbone of Retail Operations

    Customer experience remains at the hub of all retail strategies, including technical strategy. Whether it’s global inventory availability, mobile payment or loyalty apps, e-commerce and call center integration, or ubiquitous points-of-sale, infrastructure that uses all assets while integrating suppliers and consumers continues to define a retailer’s network design. Further, in highly competitive retail segments, managing the costs of digital fluidity is not only vital to capturing profitable share; it can also distinguish competitive advantage. 
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