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Value teen retailer in aggressive store expansion
Five Below Inc. reported its 11th consecutive quarter of positive same-store sales results amid bullish growth plans for the current year. The value retailer, which targets tweens and teens with a wide array of goods all priced at $5 or below, said it will open 100 stores in 2017, including its first ever locations in the state of California. The chain opened 85 net new stores in 2016. -
Westfield’s smart screens to serve up customized offers to mall shoppers
State-of-the-art digital screens that can identify demographic information of passersby and pitch them personalized offers from brands are making their way into Westfield malls in top DMAs. Employing a proprietary suite of technologies, the six-foot-tall, high-definition screens scan passersby and — apparently through smartphone data and facial imaging — determine their demographic profiles to serve them customized ads.

