eCommerce

Retail has been the foundation of shopping centers throughout their existence, but new entertainment concepts are making inroads in traditional retail venues.
 

Japanese specialty retailer Uniqlo has been losing money with its U.S. stores for the past five years, but is not ready to throw in the towel.

According to Reuters, Uniqlo parent Fast Retailing Co. Ltd. is making a U.S. turnaround a top priority.

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A 60,000-sq.-ft. Crayola Experience has opened at Mall of America, giving the massive shopping center yet another experiential component to generate traffic.
 
The Crayola Experience is a family attraction that features 25 hands-on activities inspired by Crayola products and technologies and there is also The Crayola Store offering the world's largest selection of Crayola products and unique souvenirs.
 

Amazon.com Inc. is supporting continued growth in California with fulfillment centers launching in the cities of Tracy and Eastvale.

The National Retail Federation (NRF) has named Gary Cammack, owner of Cammack Ranch Supply in Union Center, South Dakota, as the 2016 America’s Retail Champion of the Year.

The award was presented Tuesday, May 24, at NRF’s annual Retail Advocates Summit as small retailers from across the country were honored for their advocacy on behalf of the industry while in Washington, D.C., to meet with members of Congress on a variety of public policy issues.

Specialty apparel retailer Express Inc. did not reach Wall Street expectations with declining profit and flat sales in a generally sluggish first quarter of fiscal 2016.
 
Net income slipped 1% to $12.9 million from $13.1 million in the same quarter the previous fiscal year. Outlet- and IT-related expense growth helped drive down profit.

Net sales stayed essentially flat at $502.9 million, compared to $502.4 million a year earlier. Same-store sales fell 3%, including a 1% dip in e-commerce sales.
 

After months of anticipation, the 365 by Whole Foods Market discount store format has made its debut in the Silver Lake neighborhood of Los Angeles.
 

There are so many cross-currents affecting the retail real estate industry right now that making sense off it all is a daunting challenge. Thankfully, Melina Cordero, head of retail research for the Americas at CBRE, was on hand at RECon to touch some of the mega-trends in this video.