eCommerce

Nordstrom Rack is coming to Memphis.

The off-price retailer plans to open a 33,000-sq.-ft. store at Poplar Commons in Memphis, in the fall of 2017. The store is leased from Seritage Growth Properties who is replacing an existing Sears building with a 135,000-sq.-ft. shopping center.

“We're excited to bring our first Nordstrom Rack to Memphis and can't wait to open our doors in 2017," said Geevy Thomas, president of Nordstrom Rack.

Abercrombie & Fitch's efforts to attract more shoppers are paying off, as the company reported an increase in same store sales for the fourth quarter.

The teen retailer announced adjusted earnings of $1.08 a share for the period ended Jan. 30. Net sales were $1.11 billion. Same store sales jumped 1%, the first gain in overall same store sales since the third quarter ended October 29, 2011, according to Bloomberg.

Specialty online fashion retailer Rue La La is telling all the young dudes (or dudettes) about the latest in fashion with a new content site called Rue Now.

Building on the fact that the average Rue La La member visits the site more than twice a week for purposes of learning and discovery as well as making purchases, the retailer launched the Rue Now platform will complement its daily shopping boutiques by giving customers access to timely fashion and lifestyle news.

Teen and pre-teen retailer Five Below has big plans to bring its brand of extreme value retail to the Sunshine State.

The company will hold a grand opening of its first store in Miami on March 2, giving it a total of 15 locations in the state, and said over time is expects to open 100 more stores. This store is located at Causeway Plaza, 12195 Biscayne Blvd, North Miami.

The Sports Authority on Wednesday filed for Chapter 11 bankruptcy protection and said it plans to close or sell as many as 140 of its 463 stores nationwide. The beleaguered company has struggled in recent years under increased competition not only from online players, but also from the likes of Dick’s Sporting Goods and specialty retailers such as Lululemon that have capitalized on the “athleisure” boom in fitness apparel.

Sports Authority Inc., which is reportedly preparing to file for bankruptcy, has discussed selling stores and intellectual property to rival chain Dick’s Sporting Goods Inc. and other parties, according to Bloomberg.

Sports Authority, once the largest sporting-goods retailer in the U.S., is heading toward default after years of losing ground to competitors. The Englewood, Colorado-based chain missed a Jan. 15 interest payment on some of its debt and failed to make the payment during a 30-day grace period.

Charlotte, N.C. -- Starwood Retail Partners announced a $50 million investment in an 11-acre parcel adjacent to Northlake Mall in Charlotte, North Carolina. The company plans to build a 200,000-sq. ft. lifestyle component complementing the existing two-story mall. Construction is set to begin by early 2017.

The project will include retail, dining, entertainment, landscaping, parking and pedestrian friendly areas.