Omnichannel

It’s no secret that the world’s biggest online retailer is planning to open a drive-up grocery store in its Seattle hometown — at least it hasn’t been a secret since GeekWire reported the news about two months ago.    

Hands down, “digital disruption” was the theme of the third annual Northwest Arkansas Technology Summit, held in Rogers, Arkansas. In line with evolving concept itself, there were many definitions of what digital disruption truly means heard throughout the event.  

Online shoppers that prioritize convenience for security could begin feeling the fallout.  

Yet another holiday forecast brings more good cheer to retailers.   Consumers plan to spend an average of $636 on holiday-related expenses, up 3% from what they anticipated last year, according to The NPD Group’s 2016 Holiday Purchase Intentions Survey. They are also less concerned this year about the economy spoiling their holiday fun. When asked how the state of the economy will influence holiday purchases in 2016, the 12% who said it will have a “significant impact” is down from recent years (14% in 2015, 19% in 2014).

Century 21 Department Store is set to open its doors on Fulton Street in downtown Brooklyn.   The store, the off-price retailer’s 11th location, will occupy four floors and 140,000 sq. ft. at City Point, a 1.8 million-sq.-ft. retail, residential and office space under development. It officially opens on Oct. 11.   

The North Face is trying on a new store format.   The retailer has opened a pop-up in San Francisco aimed at the city explorer.   The temporary store, in the city’s Jackson Square neighborhood, will focus exclusively on the brand’s premium streetwear merchandise. (A similar space will be featured in the retailer’s new flagship, scheduled to open on Manhattan’s Fifth Avenue in late October.)  

The mainstreaming of Manhattan’s once seedy Alphabet City continues apace with the promised arrival of Target on 14th Street and Avenue A.   RKF announced it has concluded a deal for Target to lease 27,000 sq. ft. in one of two seven-story buildings being constructed by Extell Development Company at this location. The mass retailer will occupy 17,700 sq. ft. in the lower level and 9,649 sq. ft. on the ground floor.  

Supply chain visibility is important in omnichannel success. The Internet of Things could be the perfect tool to keep inventory hiccups throughout the demand chain to a minimum.

“While many retailers have a mind-set that IoT is about satisfying customers and not moving product, supply chain IoT use cases still interest retailers,” said Steve Rowen, managing partner at Retail Systems Research.