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Strategy

  • Belk reaps rewards of omnichannel strategy

    Months after announcing a major upgrade in its e-commerce capabilities, Belk reported that its online sales grew 46% in the third quarter.

    The Charlotte, N.C.-based operator of 300 department stores in 16 states attributed the increase in Internet sales to the company’s “Yes! We Have It” item locator program and store fulfillment of digital sales initiatives.

  • Neiman Marcus will anchor The Shops at Clearfork

    Fort Worth, Texas - Simon will partner with Cassco Development Co. to develop the first phase of retail on the Edwards Ranch in Fort Worth into an approximately 500,000-sq.-ft. shopping destination. The Shops at Clearfork will be anchored by Neiman Marcus and include 100 high-end specialty stores, a premium luxury theater, and distinctive restaurants.     

  • Guest Commentary: New Florida data breach law impacts retail stores

    By Luis Salazar and Neha Dagley   Watch out, retailers with stores in Florida. The Florida State Legislature has tightened controls over businesses for data security breaches. Effective July 1, 2014, the new Florida Information Protection Act (FIPA) will impact your business and how you handle data breaches.  In recent years, data breaches have become commonplace, and have undoubtedly affected the chain-store industry.     FIPA: COMPLIANCE AND CONSEQUENCES

  • Simon Premium Outlets heads into 2015 with 6.4 million sq. ft. in development

    Simon Premium Outlets heads into 2015 with 6.4 million sq. ft. in development  New York - Simon Property Group is expanding its Premium Outlets portfolio with a worldwide development pipeline of 6.4 million square feet and a total investment of $2.5 billion.   

  • XtraLight taps lighting vet Ron Gilcrease as VP, national accounts

    Houston, Texas - XtraLight is pleased to announce Ron Gilcrease has joined XtraLight as VP of national accounts.   “We are pleased Mr. Gilcrease has chosen to introduce XtraLight and LEDLinX based fixtures to important national accounts across the U.S.,” said Jerry Caroom, XtraLight’s CEO.  

  • RadioShack gets ‘weird’ for the holidays

    Eighties sensation Weird Al Yankovic is offering RadioShack a new hope for the holidays.

    Yankovic is appearing in the chain's holiday ad campaign called "Gift Smart.” In the ad, he sings his own unique take on the holiday song “Toyland.”

    "He's tech-savvy, smart and a social media guru," said RadioShack chief marketing officer Jennifer Warren. Yankovich has more than 3.5 million Twitter followers and 1.6 million Facebook fans. "I don't think there could be a better fit for our brand right now."

  • Simon announces plans to build Tulsa Premium Outlets

    Tulsa, Oklahoma - Simon announced plans to bring Tulsa Premium Outlets to northeast Oklahoma. The project will be built in two phases at the intersection of US Highway 75 and West 61st Street in Tulsa. The first phase of the build out will be approximately 318,000 sq. ft. and an additional 82,000 sq. ft. will make up the second phase for a total of 400,000 sq. ft.  

  • Simon to build $2.5B in new outlet malls

    Retailers looking to grow their physical store presence have an ally in Simon Property Group, as the retail real estate leader is poised to expand its portfolio of Premium Outlets properties by adding 6.4 million square feet and a total investment of $2.5 billion.

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