Sales & Marketing

Specialty alcoholic beverage retailer BevMo is shuffling its leadership team as part of an organizational transformation initiative.  

Neiman Marcus is searching  for a buyer or investor, the New York Post reported.     Neiman Marcus CEO Katz recently visited China and while there met with potential buyers, including Anbang Insurance Group, which passed on an offer to buy the retailer,  the report said.  

PREIT, whose portfolio includes the Plymouth Meeting Mall in Pennsylvania, the Mall at Prince Georges in Maryland, and the Springfield Town Center in Virginia, has introduced a digital shopper loyalty program that rewards participating retailers with customer behavioral data.  

Regency Centers announced the signing of nine new tenants for The Market at Springwoods Village, a Kroger-anchored center slated to open in 2017 in the outer northern beltway of Houston.   New neighbors of the 100,000 sq.-ft. Kroger Marketplace will be Chick-fil-A; Cold Stone Creamery; Lovett Dental; Nails of America; MOD Pizza; Supercuts; Tarka’s Indian Kitchen; Torchy’s Tacos; and Zoe’s Kitchen. Retail space in the first phase of The Market totals 170,000 sq. ft.  

Two private equity firms have thrown their hats in the arena to buy Cabela’s.   The firms, New York-based Apax Partners and San Francisco-based TPG Capital,  are each meeting Cabela’s management as part of an auction for the 82-store chain, the New York Post reported.   Bass Pro Shops is also interested in Cabela’s, and has partnered with Goldman Sachs Group’s private equity arm to make an offer for its rival, according to Reuters.  

Fans of Harley-Davidson can immerse themselves in the brand at the new “1903—A Harley Davidson Cafe” in downtown Toronto.   Named for the year the company  was founded, the 4,200-sq.-ft. café features a biker-themed décor inspired by the history of the 114-year-old brand. Folks who have never hopped on a Harley can get a taste of the experience by taking a test ride on the JumpStart ride simulator.  

The POS has never been the most flashy or talked-about solution in the retail IT environment.   From manual cash registers up to client/server-based terminals, the basic idea of the POS as a fixed box that takes payment in and spits receipts out stayed pretty much the same.  

Rite Aid Corp. reported disappointing first-quarter earnings and sales results in its first quarter amid pressure on pharmacy reimbursement rates.   The chain reported a loss of $4.6 million for the quarter ended May 28, after reporting a profit in the same period a year earlier. Excluding certain items, adjusted net income was $14.5 million, or 1 cent per diluted share, compared with 2 cents a year earlier.   The results fell short of Wall Street expectations.