Sales & Marketing

Wet Seal has hired an investment banker and a senior adviser to analyze potential financial alternatives for the struggling retailer.

The company said it has hired investment bank Houlihan Lokey and former Tilly's Inc. executive William Langsdorf to aid in a strategic review. Wet Seal said it has not set a deadline for completion of the process and that “there can be no assurance that the exploration of the potential alternatives will result in a transaction.”

Corner Bakery Cafe is in a growth mode. The company, which was acquired in 2011 by Roark Capital Group, an Atlanta-based private equity firm, is entering new markets and opening locations across the country, from New York City to Las Vegas. It will end the year with 185 cafes (114 company-owned and 71 franchised). The company plans to more than double its U.S. footprint by 2017 through a combination of franchised and company-owned cafes.

Gary Price, a restaurant executive with over 20 years of experience, joined Corner Bakery Cafe as president in October 2012.

For children on a long journey, the typical refrain is, “Are we there yet?” However, for retail IT practitioners and executives, the challenge is not in waiting to get “there,” but figuring out what “there” even is. The question for the IT journey on which retailers are now traveling can be more appropriately phrased as, “Where are we going?”

In the old days, outlet centers either didn’t offer food options or the pickings were pretty lean. In today’s iteration, however, food often takes center stage.

Villa Enterprises, a 50-year-old multi-brand restaurant operator of banners such as Villa Italian Kitchen, Mo’ Burger, South Philly Steak & Fries and Tinta Mexicana, has set the curve with its “Food Hall by Villa” in Simon’s Arizona Mills Shopping Center in Tempe. In a completely transformed, 13,262-sq.-ft. dining space with 14,280 sq. ft.

Black Friday is known for great deals, but a new study shows that consumers may want to add one more item to their holiday shopping carts.  

Product protection plan leader Asurion recently surveyed consumers and nearly one-third of the items they purchased last Black Friday broke in less than a year. In addition, almost half (45%) of those surveyed plan to replace at least one damaged, lost or stolen item this Black Friday.  

Manchester, N.H. - Velcro Industries plans to open a retail pop-up store in the SoHo area of Manhattan. Styled as the "Holiday HackShop," the Velcro-branded pop-up store will be open Dec. 1 – 19.

Younger shoppers make up the demographic group most likely to visit physical stores Thanksgiving weekend, but retailers had better be ready to offer the digital natives an ominchannel experience, according to new research from a leading retail trade group.