Omnichannel

Hard to believe, eBay has now been in existence as an e-commerce platform for 20 years. Since its launch in September 1995, countless individuals and companies have sold and purchased goods via eBay. In addition, many full-fledged omnichannel retailers have evolved from small-scale efforts to sell merchandise on eBay.

By Mark Kirstein, Zebra Technologies

Boston -- Springboard Retail, a cloud POS and retail management platform, announced that casual chic lifestyle brand XCVI chose Springboard Retail to accelerate sales, profits and customer engagement as they continue to expand stores throughout the Western U.S.

TargetExpress, the retailer’s newest and smallest format store yet, is now open in San Francisco and Berkeley and designed with local city dwellers in mind.

The 12,000-square-foot Berkeley store, a former Walgreens, and the San Francisco location, 18,000 square feet and housed on Bush Street in the financial district, feature a refined and modern concept. With an edgy design, high ceilings and commissioned artwork and custom graphics, MBH architects created a shopping environment that will attract loyal Target customers and on-the-go millennials.

New York -- New York and Los Angeles may be the largest U.S. markets in terms of apparel sales, but online and smaller markets such as Orlando, Florida, and Washington, D.C., are the top markets driving both growth rate and dollar volume increases for the industry, according to global information company The NPD Group.  

Both Orlando and Washington had strong performance across in-store and online channels.

Those who failed to grasp the significance of the iPhone when it launched in 2007 are not going to make the same mistake twice with the introduction of the Apple Watch –- a wearable technology device that hit the market April 24 with some well-deserved hype and considerable transformative potential.

In an article that appeared in National Real Estate Investor (NREI) Online on April 10, author Elaine Misonzhnik describes the recent store closure announcements from Walgreens and Pier 1 as part of a larger pattern of retailers “pursuing portfolio optimization and an omnichannel approach.” While I generally agree with that statement — and with the notion that increasing pressure from online sales growth is contributing to a more competitive brick-and-mortar environment — I was reminded once again of just how different the dynamics behind store closings can be.

New York -- Target Corp. is responding to customers frustrated by their inability to buy items from the chain’s Lilly Pulitzer collection. The limited-edition line went live in the stores and online Sunday morning, with most of the items selling out within minutes.