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Data & Analytics

  • Detroit power center changes hands

    Shelby Crossings, a 76,390-sq.-ft. power center in the Detroit suburb of Utica, has been acquired by Beverly Hills, Michigan-based Grand Management & Development.   Mid-America Real Estate Corp., which represented the seller in the transaction, could not disclose the price.   The property features the Bed Bath & Beyond subsidiaries Christmas Tree Shops and BuyBuy Baby, and is surrounded by a larger regional center anchored by Target and Planet Fitness.

  • Report: Gaming retailer targeted by hackers

    GameStop is the newest data breach victim.    The gaming retailer is investigating reports that hackers may have siphoned credit card and customer data from its website, according to security news firm KrebsonSecurity.   

  • Valentino upgrades its digital presence

    The luxury brand is about to embark on the “next era” of its omnichannel shopping experience.    Extending its long-time partnership with Yoox Net-a-Porter Group (YNAP), Valentino is upgrading its omnichannel platform, a move that will give customers access to its extensive product assortment, in-store mobile features, and faster delivery through fulfillment from Valentino boutiques.   

  • (R)Tech: Navigating Retail’s Path of Disruption

    The retail industry is going through an innovation revolution, driven by game-changing technologies such as artificial intelligence, virtual reality and advanced analytics.  

  • Salons get makeover at J.C. Penney

    J.C. Penney extending its commitment to beauty and related services.    The retailer said Monday that 50 additional salon locations will be rebranded to The Salon by Instyle this year, as the company continues to revamp its 750 salons nationwide.    Key design elements of the new concept include updated graphics, photography that highlights hair trends, accent lighting, modern fixtures and sleek furniture. Each salon offers an array of services from haircuts to hair treatments to extensions.

  • Luggage e-retailer purchased by iconic travel brand

    eBags is about to embark on a new journey.   The online luggage retailer is being acquired by Samsonite International. The deal, which is valued at $105 million, is part of Samsonite’s ongoing strategy to accelerate the growth of its direct-to-consumer, e-commerce business, and strengthen its existing digital capabilities, the company reported.   

  • Unemployment dips to 4.5%, but retail jobs continue to take a hit

    The country’s unemployment rate fell to 4.5% in March, but a volatile retail landscape continues to negatively impact merchant’s payrolls.    The U.S. economy added 98,000 jobs last month, versus 180,000 expected by economists surveyed by Reuters.   However, the number of unemployed persons declined by 326,000 to 7.2 million.  

  • Mexican shoppers boost Laredo outlet opening

    President Trump’s real estate compadres at CBL and Horizon Group are no doubt hoping he holds off on building that wall.   The companies opened The Outlet Shoppes in the Texas border town of Laredo this week and report experiencing high traffic and sales volumes, in large part due to Mexica shoppers flocking to the site.  

  • Study: Amazon tops total market growth for U.S. sales of household items

    Amazon is gaining a significantly larger share-of-wallet for everyday household items — and the retailer continues to build momentum.  

  • Online retail giant in big part-time worker push

    Amazon continues its hiring spree.    The company announced Thursday that it plans to add more than 30,000 part-time positions in the United States over the next year.  The new positions are on top of the previously announced 100,000 full-time U.S. jobs Amazon will add during the next 18 months.   Some 5,000 of the new part-time hires will be in Amazon’s  Virtual Customer Service program, which offers employees the flexibility to work from home as a customer service agent. 

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