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Strategy

  • Jet.com travels in new product direction

    Online retail marketplace Jet.com is making a big move in the home goods market.

    Jet.com is purchasing Omaha, Nebraska-based online home products retailer Hayneedle for an undisclosed sum. The sale was announced in tweets on the official Hayneedle Twitter account. In addition, Jet.com founder, chairman and CEO Marc Lore and Hayneedle president and CEO Jon Barker confirmed the acquisition in an interview with the Omaha World-Herald.

  • Salt Lake City retail and entertainment center to undergo $30 million revitalization

    Salt Lake City -- Vestar, in a joint venture with funds managed by Oaktree Capital Management, announced that it has acquired a 623,205 sq. ft. open-air retail and entertainment center within The Gateway located in downtown Salt Lake City.

  • Whole Foods is rolling out a food truck

    Whole Foods Market is launching a new format that aims to cater to the downtown business crowd, only this time there's no bricks-and-mortar involved. The grocery chain is launching a food truck in Austin, Texas, in March, according to the Austin Business Journal. The retailer plans to offer sandwiches and salads at first and likely expand the menu eventually. [Austin Business Journal]

  • Inland honored as one of InformationWeek’s Elite 100

    Oak Brook, Ill. -- Inland Real Estate Investment Corp. has been named a finalist of this year’s InformationWeek Elite 100, a list of the top business technology innovators in the U.S. Inland Investments has also been selected as a finalist for a Business Innovator award in the category of Cloud Services.

  • A Children’s Place's Ezra Dabah returns with online shopping service for young girls

    Young girls are notoriously picky about what they wear, and a new online shopping service founded by the former chairman and CEO of A Children’s Place is looking to do something about it.

  • Rite Aid's 'Innovation Challenge' yields unique DME product

    Rite Aid on Monday selected the Tri-Tip Walking Cane, an ergonomic walking cane, as the winner of the first-ever Innovation Challenge and will develope and sell the Tri-Tip Walking Cane in Rite Aid stores and online.

  • Lumber Liquidator woes continue in Q4

    Things were worse than expected for Lumber Liquidators in the fourth quarter, which experienced decreased customer activity that was likely due to cancer-related concerns over its laminate flooring.

    Net sales for the quarter ended Dec. 31, 2015 were down 13.7% year-over-year to $234.8 million, including a comparable store net sales decline of 17.2% that was based on a 15.6% decrease in customer count and a 1.6% decrease in the average sale.

  • Macy’s details expansion plans, hints at real estate deals

    Macy’s is continuing its expansion into off-price and specialty retailing.

    On Tuesday, the department store retailer said it will expand its off-price Macy’s Backstage format in 2016, opening one freestanding location and 15 in-store locations in traditional Macy’s stores.

    On the specialty store front, Macy will open approximately 42 Bluemercury beauty stores, with 24 freestanding locations and 18 in-store shops in Macy’s stores.

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