eCommerce

Philadelphia – Although net income at Urban Outfitters Inc. slightly slipped in the second quarter of fiscal 2016 compared to the same period a year earlier, it still beat Wall Street expectations. Net income totaled $66.84 million, down 1% from $67.5 million.

Seattle – Jeff Bezos, CEO and founder of Amazon.com, is reportedly blasting an article in the New York Times that accuses the retailer of having a ruthless and even abusive workplace culture. According to CNBC, in an internal memo (excerpt below), the article is inaccurate and goes beyond “isolated anecdotes.”

Minneapolis – The ongoing shakeup of senior management that has been occurring at Target Corp. since CEO Brian J. Cornell took the reins in August 2014 is continuing. Target has promoted John Mulligan, who has served as CFO since 2012, to the newly created role of executive VP and COO, effective Sept. 1.

“Now Trending” is an exclusive online series to chainstoreage.com, featuring trending topics that impact the retail real estate landscape.

For many, the concept of an outlet mall is associated with not only appealing deals on name-brand products, but also with driving long distances to get to the far-flung locations where outlets have traditionally been located.
 

Sporting goods retailer Cabela’s is making some changes in its executive leadership.

The company announced that Brian J. Linneman, EVP and CMO, will transition from his current position and become a strategic adviser to the company.

Seattle – Amazon.com has no shortage of innovative ideas on connecting customers to the products they buy, and reportedly is considering yet another new delivery method. According to GeekWire, Amazon has filed a patent application to use public transportation to help get goods to customers.

Chicago -- Transwestern’s Chicago office announced it brokered the sale of Town Square of Schaumburg, a 96,014 sq. ft. retail center, in Schaumburg, Illinois, for an undisclosed amount to Tony’s Finer Foods. Tony’s Finer Foods plans to open a Tony’s in the former Dominick’s space, which closed in December 2013.

I recently participated in an SAP-sponsored panel discussion on Game-Changers Radio about how consumer product companies are using real-time consumer insights and engagement. Buoyed by constant customer connectivity, consumer product firms are gaining a much clearer and timelier picture of their end customers, and also directly engaging them near or in real time.