News

A new retail experience is giving shoppers — and sports fans — the chance to feel like a professional athlete.   Mizuno, one of the world’s largest specialty sporting goods manufacturers and the official baseball gear partner of the Atlanta Braves, has entered the U.S. retail arena with the opening of The Mizuno Experience Center. It is the first retail store to open at The Battery Atlanta, a 400,000 sq. ft. mixed-use development located just outside the Braves’ new home, Sun Trust Park.   

Time was in New York City that new restaurants sprang up in the ground floors of old brownstones in Midtown or tenement buildings in Greewich Village and were deemed worthy or not by the demanding standards of Manhattanites. Not so in New York’s newest neighborhood.  

Despite privacy concerns, consumer will share data with companies if it saves them money or resolves customer service issues faster.    This was according to a recent study conducted by YouGov on behalf of customer experience company [24]|7, which tapped 1,145 U.S. consumers.   Nearly half (43%) of consumers agreed that they would exchange personal data with companies to save money through personalized promotions, discounts or deals, followed by 39% looking for speedier issue resolution. 

Walmart reportedly is about to make its fourth e-commerce acquisition in seven months as the chain continues to beef up its online arsenal and fashion offerings against Amazon.       The chain is in advanced discussions to acquire Bonobos, an e-commerce-driven apparel company that designs and sells upscale men’s clothing, according to Recode. Founded in 2007, the brand is known for its hip, stylish threads and expert fit.    

Wal-Mart Stores is still considering a possible entry into the food retail market in India.   With new rules  allowing for  100% foreign ownership of food retailers selling goods produced in India, Krish Iyer, the president and CEO of Wal-Mart India, a wholly-owned subsidiary of Wal-Mart, said the chain is “evaluating” the guidelines, reported The Economic Times. His answer came in response to a question as to whether Walmart was planning on entering the market.  

British online fast-fashion retailer Missguided makes the leap to physical retail with a high-concept, high-impact store at Westfield Stratford City mall in London.   Featuring an “on-air” television studio concept, the 20,000-sq.-ft. space delivers a dynamic live stream of real-time content, fashion and inspiration in a bold environment. It reflects the desire of its young, Snapchat-obsessed core audience for the new by offering a constantly changing space that includes plenty of shareable moments.    

A slump in consumer prices helped to keep retail sales in check in March.   Retail sales in March inched up 0.3% over February, according to the National Retail Federation. (The NRF numbers exclude automobiles, gasoline stations and restaurants.)   “Various factors were at play in the first quarter, but we are again seeing a pattern similar to previous years — consumer spending was weak but is expected to pick up as we move through the year,” said NRF chief economist Jack Kleinhenz.

Nearly 50 years after it opened its first location, Cracker Barrel Old Country Store has landed on the West Coast.    The chain, which combines a family-friendly restaurant with an old-fashioned country store, has opened Tualatin, Oregon. The location marks a key expansion of the company’s footprint.  

As the industry makes the switch to EMV, data breaches and automation are driving online fraud more than ever.   In fact, e-commerce fraud attack rates have spiked 33% over the last year, according to the “2016 E-commerce Fraud Attack Rates,” from Experian. The report analyzed millions of e-commerce transactions and ranked the top states, cities and ZIP codes for shipping and billing fraud across the United States.  

Shinola, the Detroit-based watch and leather goods brand with a cool edge, has expanded its presence in New York City.     The company has opened a store in the newly developed Empire Stores center in Brooklyn. The sprawling, renovated warehouse complex is located on the waterfront and is home to tech and advertising companies along with select retailers, including West Elm.