News

Target "pops up" in Manhattan for the holidays
Target is back to its old marketing tricks in New York City this holiday season with a16,000-square foot omnichannel "spectacle” opening Dec. 9 next to Chelsea Market.

According to the Minneapolis Star-Tribune, the holiday pop-up store "is filled with 10 holiday-themed displays that incorporate a digital element on top of an interactive physical experience. Each one is tied in to a popular holiday toy that Target is selling at the space."
Harry & David gives mobile shoppers gift of store data
Specialty gourmet gift retailer Harry & David wants to make sure information about its stores is as easily accessible as possible.

Harry & David, is leveraging the SIM Partners Velocity local marketing automation platform to manage its local search marketing efforts. With Velocity, Harry & David will be able to manage and distribute its store location data. Thus the retailer will be able to ensure that information about its retail stores is accurate and visible in local and mobile search results.

Christopher & Banks falls to loss in Q3

Many mall retailers have been having a tough time lately attracting shoppers, and Christopher & Banks was not immune to struggles with weak traffic in the third quarter.

The women's specialty retailer posted a net loss of $0.3 million, or 1 cent per share, for the third quarter ended Oct. 31, versus a year-ago profit of $9 million, or 24 cents per share. Net sales totaled $103.6 million, as compared to $110.6 million for the prior year. Same-store sales decreased 6.5%.
Sorry, mobile: Cash is still king in retail

Various technology analysts, retail industry pundits, and economists of all stripes, have long predicted the demise of paper and coin currency along with the dawn of a cashless society.

And it is true that over the last few years, we’ve seen a big acceleration in the drive towards large-scale consumer adoption of new digital payments technologies, especially in the mobile category.
37th straight quarter of EPS growth for AutoZone

AutoZone says inventory efficiency improvements allowed the retailer to increase sales and profit in the first quarter.

For the period ended Nov. 21, net sales were $2.4 billion, an increase of 5.6% from the prior year quarter. Same-store sales increased 3.5% for the quarter. Net income for the quarter increased 8.3% over the same period last year to $258.1 million, while diluted earnings per share increased 14% to $8.29 per share from $7.27 per share in the year-ago quarter.
Target’s 'Wonderland' is more than a holiday pop-up

Target Corp. has opened a 16,000-sq.-ft. space in New York that is part store and part holiday playground — and a testing ground for merging physical and digital retailing.
Home Depot’s $101 billion plan

Home Depot has revealed a new set of ambitious financial targets it expects to achieve in three years by focusing on a uniquely Home Depot strategy called, “interconnecting retail.”
Top 10 Disruptive Retail Trends for 2016

Enterprise technology provider Software AG is expecting retail to become an increasingly seamless and store-centric proposition in 2016.
Bidding war erupts for Pep Boys

Activist investor Carl Icahn has offered to buy Pep Boys-Manny, Moe & Jack in a deal valuing the U.S. auto parts retailer at about $837 million, trumping Bridgestone's offer of $810 million in October.
OMG! PBTeen debuts nail art-inspired collection

PBteen is hoping a new omnichannel collaboration with a popular teen app may appeal to a wide swath of its target market.

The retailer is teaming up with a Disney star on a new furnishings collection inspired by a trendy new app called Make Me Nails. The app was created by the star of Disney's "A Dog with a Blog," G. Hannelius. Make Me Nails is a fully-customizable nail wrap iPhone app and e-commerce platform that allows consumers to create individual nail wrap art for each finger, for the ultimate custom manicure.