News

Stores devoted to women’s activewear (or athleisure) are one of the fastest- growing segments in retailing and now Tory Burch has joined the crowd. The company has opened Tory Sport in the Flatiron District of Manhattan. The store features the entire Tory Sport collection, which ranges from running gear to golf clothing, reported NY Racked, and has a decor inspired by different elements of sports. [NY Racked]

Ikea’s new location in Las Vegas will be the site of the largest single-use retail rooftop solar array in Nevada. The store is set to open May 18, 2016.

The solar array comprises a 1.14 MW system, built with 3,620 panels. It will produce approximately 1,750,000 kWh of electricity annually for the store, the equivalent of reducing 1,207 tons of carbon dioxide (CO2) – equal to the emissions of 254 cars or providing electricity for 166 homes yearly.

While the annual South By Southwest festival was underway in Austin, regional department store operator Belk was connecting with its core customers in the southeast by hosting a festival of its own.

Target Corp.’s partnership with MIT Media Lab and global design firm IDEO is bearing fruit — literally.

In January, Target announced the launch of the Food + Future coLab, a multi-year collaboration with MIT and IDEO to explore the future of food. Although it’s only been a couple of months, Target is already testing two ideas from the coli.

Retail CFOs are bullish on online sales growth, but they are focusing fewer dollars on building out their online presence in 2016 as they look instead to enhance the in-store experience in response to omnichannel expectations.

The Kroger Co. has named new leaders for its Roundy's and Mariano's grocery chains.

The company announced that Michael Marx, currently vice president of people operations for Kroger, has been promoted to serve as president of Roundy's Supermarkets, Wisconsin, effective April 1. The company also announced the promotion of Don Rosanova, currently executive VP of operations for Roundy's, to be president of Mariano's, effective immediately. Both leaders will report to Roundy's CEO, Bob Mariano.

Target Corp.’s partnership with MIT Media Lab and global design firm IDEO is bearing fruit — literally.