Data & Analytics

Retailers who want a prime location but also one that’s affordable should check out Philadelphia, Chicago and Seattle.  

Deborah Butler grew up in a college town. More importantly, she watched her family grow one store into a mega-retail-complex in Gainesville, Florida, that keeps on growing. The University of Florida has been very, very good to Butler and her family, and Butler has lots to say about the symbiotic relationship of higher education and retail.  

A home improvement chain is helping shoppers better envision how to design and build their homes.   Though a partnership with Google, Lowe’s launched the Lowe's Vision app. Powered by Tango, a 3D technology developed by Google, the app leverages augmented and virtual reality to enable shoppers to begin planning their renovation needs before they even set foot inside a store.  

Online retailing is changing the game for pet parents.   Specifically, 40% of pet owners are opting to buy pet products online, up from 37% the previous year, and notably higher than results from 2014, according to U.S. Pet Market Outlook, 2017-2018. The report, from research firm Packaged Facts, highlights mergers and acquisitions, retail channel trends, and pet owner demographics and spending habits.  

Not one, but two leaders in retail real estate have been named to LinkedIn’s Top 50 Companies list.    CBRE came in at No. 18 and Jones Lang LaSalle at No. 21, ahead of such companies as Adobe, Oracle, and Coca-Cola.   The social media site for professionals determines rankings by interest in a company's jobs, interest in a company's brand and employees, and employee retention among its 500-million-plus members.  

Foot Locker posted weaker-than-expected earnings and sales for its first quarter after high promotional activity and getting off to a slow start in February.        Net income for the company's first quarter ended April 29, 2017 was $180 million, or $1.36 per share, compared with net income of $191 million, or $1.39 per share in the year-ago period.  

Phillips Edison & Company is the fastest-growing company in retail real estate, and it wanted to applaud that fact by giving retailers the fastest route to Chain Store Age’s Annual Real Estate Report. Dig in to learn about the leading developers, the best third-party managers, and the future innovators in the business.

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Lululemon has named a new chief technology officer.   According to a report in GeekWire, Julie Averill is joining the retailer as its new executive VP and chief technology officer. Currently, Averill is the CIO at REI.  

There’s more to drone-based deliveries than just dropping parcels — at least it is for Amazon.   The online giant is developing an air-traffic control system to manage its fleet of drones as they fly from warehouses to customers’ doors — a move that will ensure the devices don’t collide with “non-collaborative flying objects” during delivery, Bloomberg reported. These include buildings, trees, other drones and — the most unpredictable — birds.   

Destination XL Group Inc. posted disappointed earnings and sales in its first quarter, but sounded a confident note that it was back on track.   In its quarterly earnings release, the big-and-tall apparel retailer also refuted a recent report, which it said had been repeated by various media outlets, that called into question the company’s ability to repay its debt.