News

A current retail CEO and a former one found themselves at odds on Tuesday at a Capitol Hill hearing on the proposed border adjustment tax.    “Under the new border adjustment tax, American families – your constituents – would pay more so many multinational corporations can pay even less,” said Target CEO Brian Cornell. “Eighty-five percent of Americans shop at Target every year. We believe this new tax would hit those families hard, raising prices on everyday essentials by up to 20%.”

Soft Surroundings is making moves to create more customer-centric assortments.   The St. Louis-Missouri-based fashion retailer’s goal is to help customers maintain their unique sense of style without sacrificing comfort. This was becoming a challenge through its spreadsheet-based planning processes. With an eye on driving more customer-centric assortments across its growing chain, the company knew it was time for a change.  

There is a good chance that the shopping center as its exists today will look completely different 10 years from now.   

Retailers who want a prime location but also one that’s affordable should check out Philadelphia, Chicago and Seattle.  

Lolli & Pops has entered into a partnership to grow its store portfolio.

The retailer, which specializes in high-end sweets and confectionary treats, is teaming up with retail real estate company GGP Inc. to open 30 new locations.  

TJX Cos. is importing one of its Canadian/European brands to the United States.     

A home improvement chain is helping shoppers better envision how to design and build their homes.   Though a partnership with Google, Lowe’s launched the Lowe's Vision app. Powered by Tango, a 3D technology developed by Google, the app leverages augmented and virtual reality to enable shoppers to begin planning their renovation needs before they even set foot inside a store.  

Online retailing is changing the game for pet parents.   Specifically, 40% of pet owners are opting to buy pet products online, up from 37% the previous year, and notably higher than results from 2014, according to U.S. Pet Market Outlook, 2017-2018. The report, from research firm Packaged Facts, highlights mergers and acquisitions, retail channel trends, and pet owner demographics and spending habits.  

Gymboree Corp. has tapped the former chief of Tilly’s executive as the children’s clothing retailer’s new CEO.  

Someone forgot to tell Bluemercury about the slowdown in physical retail.    The beauty retailer, which was purchased by Macy’s in 2015, plans to open some 40 stores in 2017, according to a report by the Chicago Tribune, including six in Chicago. Currently, it has nearly 200 locations nationwide.