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Strategy

  • Sports Authority enters the holiday hiring game

    Sports Authority is joining other top retailers with plans to fortify their employee ranks for the holidays.

    The sporting goods retailer announced it will hire 3,500 temporary employees across the country to meet consumer demand during the 2015 holiday season. All Sports Authority locations will begin hiring in mid-October and continue through December. Sports Authority plans to convert hundreds of seasonal workers into permanent Team Members after the holidays.

  • Target increases food focus with eye toward future

    Target Corp. has made grocery and perishable products a big part of its turnaround strategy, and is committing to do so for the forseeable future.

    Target is partnering with the MIT Media Lab and global design firm Ideo on a multi-year collaboration, known as the Food + Future coLAB, to explore the future of food. The work will focus on areas such as urban farming, food transparency and authenticity, supply chain and health.

  • Stark Enterprises announces retail property acquisition

    Pickerington, Ohio -- Stark Enterprises acquires The Shoppes at Stonecreek in Pickerington, Ohio. The 45,000-sq.-ft. retail center is located east of Columbus and is currently 100% occupied. Featured tenants include Lifetime Fitness, Petland, Advanced Vapor, Lomonico’s and Roosters.

    “This acquisition further expands our footprint outside of Northeast Ohio and is a prime opportunity for us to prove the transformational impact we have on our properties,” said Ezra Stark, COO for Stark Enterprises.

  • Walmart donates nearly $1 million to help retail's front line

    Walmart is one step closer to fulfilling its mission of donating $100 million toward increasing the economic mobility of entry-level workers.

    The retailer and its Walmart Foundation are donating nearly $1 million to Innovate+Educate to fund research and build recommendations that support the advancement of entry-level workers in retail and adjacent sectors.

  • Walmart donates nearly $1M to help retail's front line

    Walmart is one step closer to fulfilling its mission of donating $100 million toward increasing the economic mobility of entry-level workers. 

    The retailer and its Walmart Foundation are donating nearly $1 million to Innovate+Educate to fund research and build recommendations that support the advancement of entry-level workers in retail and adjacent sectors.

  • RetailNext: Holiday sales expected to climb only 2.8%

    A sluggish economic recovery will prevent sales from rising more than 2.8% this holiday season, according to analytics firm RetailNext.

    Last week, the National Retail Federation estimated a 3.7% increase in holiday sales, slightly less than last year. Deloitte also called for a 3.5% to 4% increase. This week the International Council of Shopping Centers predicted a 3.3% increase.

    RetailNext's forecast for U.S. retail stores this holiday season (November – December) includes:

  • Report: American Apparel says it will turn profitable in three years

    Bankrupt American Apparel predicts in its reorganization plan that it will turn profitable in 2016, the Los Angeles Times reported. The company also warned that founder and ousted CEO Dov Charney remains a risk to its future. (Los Angeles Times)

  • Santa's sleigh will be powered by drones

    Best Buy has formed a retail partnership with the manufacturer of what is expected to be one of the hottest selling items in consumer electronics this holiday season.

    The retailer is teaming up with Yuneec International to offer the Typhoon drone series, which includes the Typhoon Q500 4K and Typhoon G multicopters, as well as the Typhoon Wizard, a new ultra-lightweight remote control drone.

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