Events

Amazon is expanding its fledgling bricks-and-mortar bookstore format.   The Internet giant plans to open a third Amazon Books this fall, at Washington Square Mall, in Tigard, Oregon, just outside of Portland, The Oregonian reported.   

Fans of Harley-Davidson can immerse themselves in the brand at the new “1903—A Harley Davidson Cafe” in downtown Toronto.   Named for the year the company  was founded, the 4,200-sq.-ft. café features a biker-themed décor inspired by the history of the 114-year-old brand. Folks who have never hopped on a Harley can get a taste of the experience by taking a test ride on the JumpStart ride simulator.  

Wal-Mart Stores sent out a message to naysayers who say the chain’s best days are behind it.    Speaking at the Consumer Goods Forum conference in Cape Town, South Africa, Wal-Mart CEO Doug McMillion said the retailer expects to add $45 billion to $60 billion of new sales during the next three years.  

Macy’s has managed to avert what would have been the first strike at its most valuable property — its flagship in Manhattan — in over 40 years.   

Target Corp. is donating $250,000 to the OneOrlando Fund in honor of the retailer's two associates and other victims killed in the nightclub massacre that occurred early Sunday morning in Orlando, Florida.   Target lost two employees, Mercedes Flores and Luis Omar Ocasio-Capo, in the mass shootings. Flores was a Target employee for eight years, and Ocasio-Capo for two years. A third Target employee remains in critical condition.   

And then there were 10 — technology start-ups that is. And the lineup ranges from one that develops apps for supply chain inspectors to one that creates wearable technology that helps users prevent sexual assaults. 

If it seems like more if your inventory is disappearing, you’re probably not imagining things.   According to the 2016 National Retail Federation (NRF) Retail Security Study, conducted in collaboration with the University of Florida, retailers’ inventory shrink averaged 1.38% of retail sales, or $45.2 billion in 2015, up by 3% from $44 billion the previous year.  

The combination of a cool spring and the continued pullback in luxury apparel spending took a toll on Neiman Marcus Group in the company’s third quarter.    The department store retailer’s profit plunged 80% in the period ended April 30, down to $3.8 million from $19.8 million in the year-ago period.    Total revenue for the quarter fell 4.2% to $1.17 billion, down from $1.22 billion a year ago.   Same-stores sales fell 5%.   

Macy’s is set to debut a store design at its remodeled location in Easton Town Center, Columbus, Ohio, that will be “100% brand new.” 

PGA Tour Superstore opened its 26th store to date — and first store in Minnesota — on June 11.   Located in Minnetonka, in a previous Sports Authority location, the 41,000-sq.-ft. store has 12 interactive simulators, practice hitting bays, a large putting green measuring more than 1,500 sq. ft. and an in-house club-making and repair facility to provide an interactive experience to golf enthusiasts of all levels.