Retail

By Scott Welty, [email protected]

The retail industry is in the midst of a massive transformation driven by consumers’ adoption of digital technologies. By 2020, the retail landscape will have fundamentally changed how every retailer will go to market. No segment of retail will be more impacted than the brick-and-mortar store.

Here are seven trends that brick-and-mortar retailers should consider to build a winning strategy:

Columbus — Designer Shoe Warehouse — DSW — has announced the opening of three new stores across the country.

The locations are:

• Colerain Ave. in Cincinnati, Ohio, opens Sept. 5
• Veteran Parkway, Springfield, Ill., opens Sept. 5
• Bowles Ave. in Littleton, Colo., opens Sept. 5

The world’s largest digital coupon marketplace, RetailMeNot.com, has introduced new functionality and platform integration capabilities to its popular service with the launch of version 3.0 of its iOS and Android coupons app.

Pittsburgh -- Dick's Sporting Goods will celebrate the opening of its new store in Duluth, Minn., beginning on Sept. 6.

The Duluth location will be the retailer's ninth store in the state of Minnesota and its 529th nationwide.

Chicago — C. Michelle Panovich, principal and executive VP, Mid-America Asset Management will receive the Lifetime Industry Leadership Award at the 12th annual Real Estate Gala hosted by the Marshall Bennett Institute of Real Estate at Roosevelt University. The event will take place on Nov. 7.

Christopher G. Kennedy, chairman of Joseph P. Kennedy Enterprises, will keynote the event, which draws more than 400 attendees annually and benefits Roosevelt’s real estate program.

Big Lots overcame a 2.2% same store sales decline at its U.S. stores to post better than expected second quarter earnings, but indicated full year profits could be below the prior year.

New York -- The Kroger Co. will stop providing health insurance benefits for spouses on January 1, 2014, according to a recent agreement with several unions, Indiana Public Media reported.

Chicago -- Jones Lang LaSalle has brought on Adam Cody as a VP in its Chicago office. He will work with executive VPs Lew Kornberg and Walter Wahlfeldt to expand the firm's retail tenant representation capabilities.