News

Survey: Employee theft on the rise
In a sobering statistic, one out of every 27 employees was apprehended for theft from their employer in 2016. That's according to “The 29th Annual Retail Theft Survey,” conducted by Jack L. Hayes International, a loss prevention and inventory shrinkage control consulting firm. The survey is based on reports on over 380,000 shoplifting apprehensions that took place in 23 large retail companies, representing 16,038 stores with combined 2016 annual sales in excess of $370 billion.
Commentary: Amazon-Whole Foods deal ‘potentially terrifying’ for other grocers
The retail sector is used to change, but every so often an event occurs that shakes the industry to its core. Amazon's acquisition of Whole Foods is one of those. On the surface, the purchase -- which comes with a $13.7 billion price tag -- is surprising. However, there is an inherent logic in the move which, in our view, brings benefits to both businesses.

Amazon buying Whole Foods Market

In a blockbuster deal, online giant Amazon is acquiring Whole Foods Market in an all cash transaction valued at $13.7 billion, or $42 a share. John Mackey, co-founder and CEO of Whole Foods, will remain CEO of the grocer after the deal closes. Stores will continue to operate under the Whole Foods banner, and the company's headquarters will remain in Austin, Texas.
Eco-friendly home improvement retailer in a retail first

TreeHouse practices what it preaches. The retailer, which specializes in supplies and services that promote healthy and sustainable spaces, has expanded beyond its Austin home base, opening in Dallas. Its new 35,000-sq.-ft. outpost is billed as the nation's first energy-positive (meaning it will generate more energy than it uses) big-box store.
Lidl opens its first round of U.S. stores

German discount grocery retailer Lidl made its hotly-awaited debut in the United States on Thursday, opening the first nine of 20 locations it plan to open over the summer. The chain expects to have 100 stores up and running within a year.
Electronics e-tailer expands global reach

Newegg is making a push to reach even more customers. The tech-focused retailer is extending its online global reach to dozens of countries in key parts of Asia Pacific, Europe, Latin America and the Middle East. Newegg’s expansion plan will ultimately help the retailer reach customers in a total of 50 countries, according to the company.
Report: Regional malls on the upswing since 2010

Scads of national retail chains are seeing their concepts fade out, but regional malls are still firmly in the picture. That’s the diagnosis put forth in a report titled “Why Mall Reuse is Just Beginning,” from the entrepreneur-driven real estate firm Transwestern. Some key data points include: *Regional malls have had positive net absorption since 2010, with the only blip in absorption occurring in 2009, at the height of the recession.
Amazon brings two-hour deliveries to Denver

Shoppers in Denver are getting their first taste of Amazon Prime Now. The service, which is exclusive to the online giant’s Prime members, provides free two-hour delivery on tens of thousands of items, from household and daily essentials to electronics, games and outdoor supplies. Area Prime members can order through Amazon’s Prime Now app, available on iOS and Android devices, Amazon’s web site, or “speak” orders to their Alexa device.
Judge rules supermarket chain must make web site accessible

Website accessibility is shaping up as the next big challenge for retailers with regards to ADA compliance. A Miami federal judge has ruled that Winn-Dixie violated the Americans with Disabilities Act by not making its website, which was recently updated, accessible to blind and visually impaired users, the Miami Herald reported. The Jacksonville, Florida-based supermarket chain has set aside $250,000 to revamp its online site and was ordered to pay the plaintiff’s legal fees, according to the report.
Newest mall tenant: An 'athletic resort'

A J.C. Penney store is going to be displaced by a fancy fitness club. Simon announced that the J.C. Penney store at Southdale Center, in Edina, Minn., will close and be replaced by a Life Time fitness center, or ‘athletic resort.’ Expected to open in early 2019, the three-level facility will be operated by Life Time, which currently runs 123 centers in the United States. The centers are designed as one-stop fitness shops offering tennis, swimming, basketball, and yoga along with weight loss and nutrition education.