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  • Godwin plaza in New Jersey to undergo renovation

    Midland Park, N.J. – The 22,000-sq.-ft. Godwin Plaza mixed-use center is to undergo a major renovation and repositioning beginning in the second half of this year. The center was purchased in 2014 by Accordia Realty Ventures of Fairfield, New Jersey with the intention of transforming it.

  • Port delays hurt sales at Hancock Fabrics

    A disruption in product flow because of the West Coast port dispute led to a drop in same store sales for Hancock Fabrics in the first quarter.

    The company had net sales of $61.7 million for the first quarter ended May 2, compared to $63 million in the first quarter of the prior year. Same store sales declined by 1.9%.

  • Help wanted: retail executive to lead major transformation

    A search is underway for a new CEO to execute a massive transformation at one of the world’s largest retailers. Getting to the interview will require U.S. executives to take a very long flight and the successful applicant will need good listening skills to decipher the accent of co-workers.

  • Petco launches on-demand product delivery

    Petco is joining the increasingly large group of retailers offering on-demand delivery of their products.

    The specialty retailer has teamed with Instacart in a first-of-its-kind partnership in the pet industry. PetcoNow is a new service that gives pet parents the ability to have Petco products delivered directly to their door in as little as one hour.

  • Look what else he got at Jared

    Jared is introducing an exciting luxury retail experience that aims to shake up the jewelry shopping category.

    The retailer is opening its very first Le Vian by Jared store at the Roosevelt Field Mall in New Jersey. The store will be the only place in the world where shoppers can explore all of upscale brand Le Vian’s offerings: from jewelry and timepieces to handbags and scarves, with carefully curated in-store boutiques devoted to each category, all celebrating the attention to detail and innovative design for which the Le Vian brand is known.

  • Fashion industry vet to lead design for West Elm

    Home furnishings retailer West Elm has named a new senior vice president of design for its retail, catalog and online channels.

    The company says Johanna Uurasjarvi will lead the product design team and report to West Elm President Jim Brett.

    Bringing more than 20 years of fashion design experience and a lifetime of passion for design and global craft, Uurasjarvi joins West Elm from the lifestyle brand, Anthropologie, where she was the executive creative director of product design.

  • Is A&P supermarket chain poised for sale?

    The Great Atlantic & Pacific Tea Co. is actively shopping 137 of its stores, including 10 Food Emporium locations in New York City, according to the New York Post.

    A&P, which emerged from bankruptcy protection in 2012, told The Record newspaper on June 16 that the company continues to weigh its options and that it is exploring strategic alternatives.

    Read more by clicking here.

     

  • Gilt guy takes to online catwalk

    Designer clothing and accessories retailer Rent the Runway’s business is dependent on an advanced reverse logistics and transportation network, which is why the company just hired a leading logistic executive from an online competitor.

    New York-based Rent the Runway named Chris Halkyard its first ever chief logistics officer to oversee the company’s just-in-time reverse logistics and vertically integrated operating systems.

  • New regs pose drone dilemma for retailers, except Amazon.com

    Federal regulations governing unmanned aircraft systems, or drones, will be in place by this time next year.

    Most retailers won’t be ready, but Amazon says it will be as soon as the feds are. Testifying at a congressional hearing on June 17, Paul Misener, Amazon.com’s vice president of global public policy told lawmakers it would be ready to deliver packages via its service branded as Prime Air as soon as federal rules are in place.

  • IBM: Mobile shopping grows in importance for holidays

    Armonk, N.Y. — Retailers looking ahead to meeting the needs of holiday shoppers should be aware of the continuing growth of mobile’s importance as a consumer channel. According to IBM’s Eighth Annual Online Retail Holiday Readiness Report, mobile accounted for 23% of sales and 45% of traffic in November and December 2014, respectively.

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