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Strategy

  • Plenty of room for women at the top in retail

    A Swedish retail giant that excels in fast-fashion is also a leader when it comes to breaking the glass ceiling. But a U.S. merchant is not that far behind.   

  • Grocer to debut new store brand

    Brookshire Grocery Co. is expanding with a new neighborhood format.    The Tyler, Texas-based supermarket operator will open 26 locations this summer under its new Spring Market banner. The stores will be on the sites of former Walmart Express stores that Brookshire is in the process of acquiring. (The acquisition is scheduled to close in July.) The locations range from southern Louisiana to west Texas.  

  • Orlando tragedy is personal for Target

    Target Corp. is donating $250,000 to the OneOrlando Fund in honor of the retailer's two associates and other victims killed in the nightclub massacre that occurred early Sunday morning in Orlando, Florida.   Target lost two employees, Mercedes Flores and Luis Omar Ocasio-Capo, in the mass shootings. Flores was a Target employee for eight years, and Ocasio-Capo for two years. A third Target employee remains in critical condition.   

  • Bed Bath & Beyond acquires home décor site — probably for a steal

    Bed Bath & Beyond made another move to boost its online offerings by acquiring a home furnishings and home décor flash-sales site.

  • Specialty retailer outsourcing real estate department

    Brookstone has retained New York-based RCS Real Estate Advisors to operate as the retailer’s outsourced real estate department.    Brookstone operates 218 stores across the United States and Puerto Rico in shopping malls, airports and other locations.   

  • Fast-casual chain in Florida expansion

    PizzaRev, the make-your-own pizza concept backed by Buffalo Wild Wings, will soon be on the march in South Florida.   The company has signed a franchise agreement with Surfside Coffee, one of the largest Dunkin’ Donuts franchise networks in Florida, to develop 45 restaurants across greater Miami. The group’s first location is projected to open at the Miracle Mile in Coral Gables.  

  • NRF: Inventory shrink getting worse

    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.  

  • Westlake Ace Hardware adds new Kansas store

    Westlake Ace Hardware has entered into a lease agreement and will be opening a new store in Overland Park, Kansas.   Lenexa, Kansas-based Westlake will take possession of the 15,500-sq.-ft. store on July 29. The store is the current location of Dobbels True Value Hardware. It will officially reopen as a Westlake Ace in fall 2016. Dobbels is currently having a going-out-of-business sale.    
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