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Red Wing in retail push
New York City -- Red Wing Shoe Co. plans to open 125 stores in the next five years, according to the Star Tribune.
The stores, all independently owned, will open mostly in the Northeast, in cities such as Philadelphia, where the Minnesota retailer doesn't have a strong presence.
Red Wing has about 425 U.S. stores, and about 70% are independently owned and operated.
The push into new markets represents about a 20% jump in new store growth, the company said.
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Tips for Operational Excellence
Ask retail operations executives what their priorities are, and the answer comes down to the two T’s: Talent and Technology.
At the National Retail Federation’s Annual Convention & Expo, experts discussed how they are positioning their companies to for the economic comeback and the efficiencies learned from the downturn.