Strategy

Las Vegas -- Those familiar blue composite panels are going up in Las Vegas.

Ikea announced that steel framing has progressed far enough that installation of the iconic blue panels has begun on its future Las Vegas store. Installing the blue panels is a construction milestone that ensures the 351,000-sq.-ft. store will open summer 2016, and it reflects the unique architectural design for which Ikea stores are known worldwide.

Wayfair is forming a partnership that aims to meet the basic needs of its core customers.

Columbia Sportswear’s retail aspirations arrived in South Florida in the form of a new 5,600-sq.-ft. concept store called Performance Fishing Gear.

Minneapolis – Supervalu Inc. beat Wall Street expectations for profit in the first quarter of fiscal 2016 and also announced it is considering spinning off its Save-A-Lot grocery banner. Net earnings soared 42% to $61 million, from $43 million in the same quarter the prior fiscal year.

Cost of sales rose at a slower pace than net sales, aiding profit growth. Net sales rose 3% to $5.41 billion, from $5.26 billion.

Beijing – Chinese e-commerce platform JD.com Inc. has unveiled an enhanced version of its online enterprise procurement platform, JD Enterprise. The JD Enterprise Intelligent Procurement Platform, initially launched in late 2014, uses data-driven insights to make the procurement process more efficient for both suppliers and customers.

The new services unveiled will enable corporate customers to manage more of their procurement functions directly via JD Enterprise.

Seattle – Amazon.com continues its evolution into a full-service technology platform with three services essentially designed to help retailers do everything. These services include support for start-ups, expansion of the Amazon Aurora database engine, and a hosted fulfillment/logistics platform.

Moorestown, N.J. -- Pro-Tech Energy Solutions has been selected by A.C. Moore to install a 3.48MW rooftop solar installation.

The rooftop array will be installed on the A.C. Moore distribution warehouse and headquarters in Berlin, New Jersey. Part of a cost-saving and sustainable energy initiative, the rooftop array will cover approximately 432,000 sq. ft. and utilize string inverters to provide maximum control over energy supply.

TigerDirect is giving business owners a chance to have their most pressing business growth questions answered by an expert.

The retailer is sponsoring a contest featuring Kevin O'Leary, an entrepreneur, investor, journalist, and financial commentator who is most famous for being a "Shark" investor on the ABC reality television series Shark Tank.