News

West Elm eyes downtown Charleston, S.C.
West Elm plans to open a 10,000-square-foot shop in one of the most up and comng urban centers in the South.

The store will open with West Elm’s fall 2015 product assortment, a suite of complimentary design services and feature crafted goods by nine local artists and makers as part of West Elm’s “Local” initiative. The new store is expected to bring an estimated 25-30 jobs to the Charleston community.
Lowe’s Canada keeps growing
Lowe's Canada announced that in addition to completing the acquisition of 12 former Target sites, the company also plans to open two more locations in Ontario. Construction is currently underway in Ancaster and Mississauga, representing an additional investment in excess of approximately $38 million (C$50 million.)

Study: Back-to-school shoppers do online homework

San Jose, Calif. – Back-to-school shoppers are doing their homework online before making purchases. According to research from store analytics provider RetailNext, 73% of consumers research online and then buy back-to-school items in the store.

In addition, 32% of college shoppers plan to comparison shop online to make sure they get the best pricing, up from 28% in 2014. More than 31% of K-12 school shoppers will compare prices online, compared with 30% last year.

Other notable findings include:
Survey: Gender roles shift in grocery segment

Rockville, Md. - Shifting household dynamics are changing the way Americans shop for groceries, with moms no longer always assuming this role exclusively. According to market research publisher Packaged Facts, the percentage of men who are now the primary shoppers in their households has more than doubled in the past two decades.
Starbucks and Lyft teach retailers a lesson

A unique arrangement between Starbucks and ride-sharing service Lyft should serve as a blueprint for the rest of the retail industry when it comes to developing unconventional partnerships that lead to new growth possibilities.
Progressive purchase propels profit at Aaron’s

Atlanta – The addition of income from Progressive Holdings LLC, as well as the elimination of expenses related to the April 2014 purchase of Progressive, propelled strong profit growth at Aaron’s Inc. The rent-to-own retailer reported net earnings of $40.5 million in the second quarter of fiscal 2015, almost five times the $8.5 million earnings reported the same quarter a year earlier.
CVS unveils new beauty lines

CVS is taking steps to expand its offerings in the highly lucrative beauty category with three new collections.
Gap goes seamless with inventory management

San Francisco - Gap Inc. is supporting front-end omnichannel retail operations with back-end seamless inventory capabilities. Using a “seamless inventory” model supported by technology from GT Nexus, Gap focuses on having the right products at the right time for the right channel.
Phase two of Saddle Creek redevelopment underway

Germantown, Tenn. - Trademark Property Co. has broken ground on the second phase of redevelopment at its Saddle Creek shopping center in Germantown, Tennessee, focusing on enhancements to the north side of the property. Combined with the initial phase, which is nearing completion, the redevelopment efforts will add approximately 25,000 sq. ft. of new retail space to the property.
Rite Aid helps students gear up for school

Rite Aid stores are hoping to attract more back-to-school shoppers with a new assortment of supplies, including affordable electronics and dorm room decor.

“We know that students and parents are looking for a stress-free and seamless transition as summer winds down and the new school year starts,” said Tony Montini, Rite Aid executive vice president of merchandising. “With our 4,600 convenient locations, large assortment of products and great prices, our customers will find everything they need to succeed and stand out this school year.”