News

Average spending per person over Thanksgiving weekend totaled $289.19, down from $299.60 last year, according to a survey conducted by National Retail Federation.  

When it comes to holiday inventory, most retailers use their intuition and industry knowledge to make their sales projections, plan their promotional calendar, and schedule product reorders. This was fine when the season’s promotions were merely percentages off and customers purchased products in stores. But as the retail world becomes more complex, so too must retailers’ holiday plans. With an estimated 40% of retailers’ yearly profits on the line, intuition this holiday season just isn’t enough.  

Watch out Amazon, Walmart may be giving you a run for the money in the holiday toy aisles.    

Bed Bath & Beyond hopes its newest acquisition will help it “get personal” with its shoppers.  

The rapid evolution of e-commerce has created a consistent channel for retailers and brands, giving brick-and-mortar stores a run for their money. Still, many vendors have yet to create engaging, timely experiences throughout the buyer’s journey.  

Retailers finally have their reprieve. Late yesterday afternoon, a federal court in the Eastern District of Texas granted a nationwide injunction blocking the enforcement of the FLSA overtime rule. Employers are no longer required to meet the Dec. 1 deadline.  

Inspired by its West Hollywood Design District locale, Lululemon’s new store on Melrose Avenue offers a sleek, stylish and modern shopping environment.    Modern ivy leaf-inspired patterns throughout the interior and exterior, along with the use of reclaimed red wood and iron spot brick, highlight the architectural components of the 2,750-sq.-ft. space.    

Quincy Plaza in Ottumwa, Iowa, was purchased by Beaumont, Texas-based Albanese Cormier Holdings for $5.5 million. Mid-America Real Estate brokered the deal on behalf of a fund managed by Cincinnati-based Phillips Edison.   The 137,389-sq.-ft center is anchored by Kmart, Hobby Lobby, and Rent-A-Center in the southern Iowa retail hub on the Des Moines River. Quincy Plaza is located across the roadway from Target and the Quincy Place Mall.

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To cut through the noise in a cluttered marketplace, Express Gifts is getting personal.    With 35,000 products sold and a growing online presence, web-based sales continue to drive significant turns for Express Gifts. However, to understand and influence their online visitors, the gifting retailer knew personalization was critical to extend the loyalty of their existing customer base, and increase market share.  

To help its shoppers get in the holiday shopping spirit, Express is launching exclusive holiday Snapchat filters. To celebrate the biggest shopping day of the year, Express will roll out a series of five Black Friday and holiday-themed national Snapchat filters throughout the day on Black Friday, Nov. 25. The Express-sponsored filters include "It Runs in the Fam," "But First Coffee," "Black Friday Beast Mode," "Leftovers are Lit," and "The Party Starts Now.”