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Strategy

  • Holiday scorecard Part II: More winners and losers revealed

    Another batch of retailers released holiday results this week and provided further evidence that an unusual blend of economic factors and evolving shopping behaviors made for a strange holiday season.

  • Master plans to develop an enclosed mall halts; revised to high street retail development

    Miami -- Taubman Centers announced that it has decided not to move forward with an enclosed regional mall that was slated to be part of the Miami Worldcenter mixed-use, urban development in Miami. Instead, Taubman, in conjunction with The Forbes Company and Miami Worldcenter’s master developer, Miami Worldcenter Associates, is now pursuing a high street retail plan that will better utilize the unique characteristics of the site and the market.

  • Inland acquires grocery-anchored Marketplace at Tech Center

    Newport News, Va. -- Inland Real Estate Income Trust announced the acquisition of the approximately 210,000-sq. ft. Marketplace at Tech Center, a newly constructed grocery-anchored power center, in Newport News, Virginia. Mark Cosenza, VP of Inland Real Estate Acquisitions facilitated the purchase of the property on behalf of Inland Income Trust.

  • Not a fun-filled holiday for Build-a-Bear Workshop

    Build-A-Bear Workshop is still expecting a third consecutive year of positive same store sales despite a decline in traffic over the holiday period.

    On a preliminary basis, for the fourth quarter ended Jan. 3, the company said it now expects:

  • Kroger wishes retiring Fred Meyer president well, names successor

    Photo: Jeff Burt

  • Aeropostale CEO gives up 1 million shares

    In an effort to control cost, Aeropostale is reducing its corporate headcount by 13% and CEO Julian Geiger is relinquishing one million stock options that will be doled out to others for retention purposes.

    The mall-based specialty retailer of casual apparel for young women and men plans to eliminate 100 corporate position by the end of its 2015 fiscal year and said the move would save between $35 million and $40 million annually.

  • Warm weather impedes sales at Burlington Stores

    Burlington Stores says a big decline in cold weather apparel led same-store sales to be mostly flat over the holiday season.

    Tom Kingsbury, president and CEO at Burlington Stores, said: “While we are pleased with the strong response to our gift assortments especially in fragrances, bath and body and home, these increases have been offset by headwinds affecting our cold weather assortments, especially in coats and outerwear. Accordingly, we now expect comparable store sales to be approximately flat for the fourth quarter.”

  • Zumiez has seamless customer experience in store

    Catering to a tech-savvy millennial shopper base, specialty retailer Zumiez Inc. cannot afford to offer a Gen X-style customer experience.

    To meet customer expectations of being able to purchase goods anytime, anywhere, via any mix of channels they choose, Zumiez needed a flexible, customer-focused platform. In 2015, Zumiez ran a multi-store pilot of the Starmount Customer Engagement suite platform.

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