Retail

Roosevelt Field in Garden City, New York, is offering shoppers an up-close look at some unusual and pricey holiday gift suggestions.

The center, owned by Simon, has teamed up with Neiman Marcus for the first ever Neiman Marcus' 2015 Fantasy Gifts public installation.

Target Corp. is bringing back a beloved family film classic just in time for the holidays — and getting in some prime time high-profile marketing in the process.

The retailer has teamed up with ABC to show “Mary Poppins.” It's the first time in more than 13 years that the movie has been shown on television. The movie will be aired on Dec. 12, from 8 – 11 pm EST on ABC, which is owned by Disney.

Brookshire Grocery Co. is undertaking an ambitious omnichannel transformation plan, and focusing it on the wants and needs of the consumer.

“We know everything there is to know about our customers,” said John D’Anna, senior VP and CIO of Tyler, Texas-based Brookshire, in an interview with Chain Store Age. The regional chain operates 152 stores under the Brookshire’s, Super 1 Foods and Fresh by Brookshire’s banners.

Strong same-store sales in the third quarter did not keep Genesco Inc. from lowering its guidance, as the company takes steps to reduce inventory through promotions and discounts.

The specialty retailer of hats and accessories said that for the third quarter ended Oct. 31, same-store sales increased 7%. Income was $32.9 million, or $1.43 per diluted share, compared to earnings from continuing operations of $28.8 million, or $1.21 per diluted share, for the prior year quarter. Revenue was $774 million from $723 million in the third quarter of fiscal 2015.

Many fashion brands today have ambitious goals to become the next industry disruptor but too few focus on the steps to achieve it. Indeed, most retailers recognize they can’t access the information they need to give their customers the experiences they desire today. Nor do they have a clear view into their inventory or order management system to deliver a complete customer journey.

The latest autumn migration involves grocery chain Giant Eagle.

The Pittsburgh-based, 420-plus-store retailer is in the initial stages of overhauling its IT infrastructure with a hybrid cloud solution from IBM Cloud. The new solution, based on IBM Cloud's SoftLayer Infrastructure as a Service (IaaS), is designed to provide Giant Eagle flexible, consumption-based pricing, as well as faster procurement and customized deployment of applications.

Big Lots narrowed its loss in the third quarter as the retailer attracted more shoppers to its stores with new merchandising and marketing strategies.

For the period ended Oct. 31, Big Lots reported a loss of $1.5 million, or 3 cents a share, compared with $3.4 million, or 6 cents, a year earlier. Same store sales increased 2.6% Revenue edged up less than a percentage point to $1.12 billion.

Barnes & Noble’s new CEO Ron Boire, who took the reins of the company in September, wants to transform the chain into a “lifestyle brand” by expanding its selection of toys, games, gadgets and other gifts, according to a report in The New York Times. [The New York Times]