News

Expect the 365 by Whole Foods Market store format to look much different than the traditional Whole Foods store.

The concept, debuting in late May in Los Angeles, will feature a no-frills design, low fixtures and all-digital price tags, reported Business Insider, which was given a sneak peak of the format.

To see renderings of 365 and learn more about its details, click here.

Chicago is one of the nation’s leading retail markets and a new report from Mid-America Real Estate details the area’s evolving growth patterns, retailers driving development and hot properties.

Whatever you may have been doing at age 17, it was likely less impressive than launching a new e-commerce/ social media platform aimed at sneaker aficionados.

But that’s just what New York-based 17-year-old sneaker enthusiast Anthony Debrantt has done, founding a new online and mobile marketplace called Sneakmart. The site has offers hundreds of thousands of new and used sneakers, including major brands.

Walmart is looking for innovative technology ideas – and casting a wide net to find them.

The discount retailer is launching a “Technology Open Call” aimed at retail technology start-ups. Walmart will consider technology spanning all of retail, including capabilities around the store shopping experience, associate experience, logistics, big data, security and/or social media.

Cabela’s will debut a “cost-effective” design in its two newly announced store locations.

The outdoor apparel and goods retailer announced two new locations, one in McDonough, Georgia, opening in fall 2017, and one in Lee’s Summit, Missouri, opening in fall 2017 or spring 2018.

The locations, both 70,000 sq. ft. each, are designed around a new concept that the retailer said is more cost effective "in a focused effort to bring more its stores to more convenient locations" to better serve customers.

Whole Foods Market will open its second 365 by Whole Foods Market store on July 14, in Lake Oswego, Oregon. The new format will make its debut in on May 25, in Los Angeles.

One of the nation’s largest franchisees will soon also be operating GNC stores.

Moving ahead with its plan to reduce its corporate-owned store footprint, GNC announced plans to sell 84 company-owned locations to Dallas-based Sun Holdings for about $17 million. The retailer revealed the sale amid disappointing first quarter results.

The world’s largest social media network showed its chops in the first quarter, reporting impressive increases in revenue, earnings and users that shattered analysts’ expectations.

Facebook reported $2.2 billion in profit for the quarter, ended March 31, up from $1.8 billion in the year-ago period. Revenue totaled $5.38 billion, up 52% over the year ago period.

The world’s largest ice cream manufacturer has opened its first U.S. storefront, a pop-up in Manhattan’s SoHo neighborhood.

Unilever is opening custom-dipping shops for its Magnum Ice Cream brand around the world, and the SoHo outpost is its first U.S. storefront. (Unilever’s other ice-cream brands include Ben & Jerry’s, Fudgsicle and Klondike.)