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New York -- The consumer electronics and furniture sectors of the retail industry can look forward to growth in 2015, while the apparel sector faces a more mixed outlook. That was the message sounded by CIT Commercial Services executives during a roundtable discussion, "Everyone Looks Good in the Black: Retailers in the Economic Rebound,” part of the CIT Executive Insights series.

During the discussion, each CIT executive offered their views on the top trends they see ahead in various sectors of the retail market:

Seattle -- Starbucks Coffee Company is taking its coffee to an entirely new level as it continues to target consumers who are willing to pay for super-premium brews. The company said Tuesday it will offer online customers subscription delivery of its small-lot coffees.

Rockford, Mich. -- Wolverine Worldwide posted fourth-quarter net income of $10.7 million, following a $1.7 million loss for the year-ago period. The company said it is increasing its brand-building investments in 2015, focusing on omnichannel initiatives and international expansion.

Oak Brook, Ill. - Ace Hardware Corp. is the latest retailer to explore the potential of same-day delivery. The retailer recently launched a pilot of its Express Delivery program in select stores across the country.
 

By Frank Layo, Kurt Salmon

First the bad news: The chronic congestion tying the West Coast ports in knots is on track to cost U.S. retailers some $7 billion this year, and losses could total nearly $37 billion by the end of 2016.

And the good news? At the moment, there doesn’t seem to be much to speak of.

Philadelphia - Urban Outfitters Inc. plans to relocate its Trenton, South Carolina e-commerce fulfillment center to Gap, Pennsylvania. Construction of the new one million-sq.-ft. fulfillment center in Gap is on schedule to be complete by July 2015.

Washington, D.C. – The National Retail Federation is welcoming the direct involvement of Labor Secretary Tom Perez in the ongoing dispute between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA).

The Obama administration has dispatched Perez to participate in talks aimed at ending the standoff between West Coast port workers and management which resulted in a four-day shutdown of ports on the U.S. West Coast from Feb. 13-16.

Urban Outfitters is taking its omnichannel strategy to the next level by relocating its e-commerce fulfillment center to a new, 1 million square foot building in Pennsylvania.   The retail company plans to relocate its Trenton, S.C., e-commerce fulfillment center to a new building in Gap, Pa. Construction of the fulfillment center in Gap is on schedule to be complete by July.  

Leading branded footwear company Wolverine is eyeing 2015 as a year to focus on omnichannel and expansion.

The parent company of Stride-Rite, Merrell and other brands says it is poised to realign its resources to address a fundamental shift in consumer shopping behavior and allow for greater focus on important omnichannel initiatives.

Dublin, Calif. - Ross Dress for Less will open two new stores in Louisiana on March 7. The stores are located in Juban Crossing in Denham Springs, and Magnolia Marketplace in central New Orleans.

With these new locations, Ross will operate 15 stores in Louisiana. Together, Ross Dress for Less and DD’s Discounts currently operate more than 1,300 off-price apparel and home fashion stores in 33 states, the District of Columbia and Guam.