News

Amazon to build homeless facility — at its new headquarters
Thomas Pink Deploys Real-Time Solutions
Menswear retailer bullish on Internet of Things, RFID
While most retailers continue to dip their toes in the Internet of Things waters, Thomas Pink has jumped in with both feet — and is seeing results.
The luxury menswear brand is involved in an IoT proof-of-concept test at its store on Wall Street in downtown Manhattan. Using a cloud-based IoT platform from Acuitas Digital, the retailer has the backbone it needs to seamlessly integrate networking, hardware, software and analytics solutions — all necessary pieces to digitize the physical store.

Big shakeup at Whole Foods Market

There’s been a reorganization at Whole Foods Market. On Wednesday, the natural-foods retailer named a new chairwoman and five new independent directors, effective immediately. It also appointed a former Kohl’s executive as CFO. The changes come as activist investors and restless shareholders have been demanding Whole Foods accelerate the turnaround its business. The board shakeup came on the same day as the retailer released second quarter earnings that met analysts’ expectations.
Rent-A-Center veteran exec returns

The nation's largest rent-to-own operator has a new chief operating officer. Rent-A-Center appointed Joel M. Mussat as executive VP, COO, effective May 5, 2017. He brings more than 20 years of experience in operations, retail strategy and the rent-to-own industry.
Amazon: Breaking Down the Myths

There’s no denying that Amazon has changed the face of retail, but there are many misconceptions about how the company actually operates. Unfortunately, these fallacies are leading many retail companies into making bad strategic business decisions as they try to duplicate Amazon’s success.
The following is a breakdown of some myths — along with a few takeaways:
Project Profiles

It’s a big show and there’s a lot to see, but if you have time to check out just a dozen properties, these may be the ones. From a $700-million upgrade to an already successful mall in San Jose, to the erection of an elegant town center on a historic site in Gainesville, to the continued development of a retail icon in Columbus, these properties are the ones moving physical retail forward. Booth numbers are included for your convenience.

Lake Nona Town Center Booth C1124
Using Data, IoT to ReInvent Store Experience

Chain Store Age recently spoke with Goro Yumiba, chairman and CEO of SATO Global Solutions, and learned how retailers can leverage Internet of Things solutions, including RFID, to bolster in-store experiences.
How can embracing the power of data improve retailers’ business processes, growth and results?
In today’s fast paced dynamic business environment, successful retailers must be responsive to the market and make decisions promptly. Enter the power of data.
Center Stage at SPECS 2017

Retail and restaurant executives, architects, suppliers and other industry professionals involved in store design/planning, construction and facility management gathered together for Chain Store Age’s 53rd annual SPECS conference.
The event, held at the Gaylord Palms in Kissimmee, Fla., focused on the evolution and innovation of physical stores in a digital age, and explored industry trends that are transforming how stores are designed, built, operated and maintained.
Target Goes Next-Gen

New store format emphasizes convenience
In its most ambitious store redesign to date, Target Corp. will debut its next-generation format in October, in a 124,000-sq.-ft. store in Richmond, Texas. The new prototype is designed for flexibility and convenience, and will offer open sight lines and elevated product presentations. It also comes with a variety of timesaving features, physical as well as digital.
In addition, 40 additional Target stores will receive elements of the redesign when they are updated, also in October. And there is more to come.
Real Estate’s 10 under 40

Every business magazine sports an “X Under 40” list celebrating precocious professionals. But, really, isn’t it almost always youthful drive and optimism that feeds the engine of progress?

The stories of Chain Store Age’s 2017 list of over-achievers under 40 abound with examples of young people from different disciplines who all discovered retail real estate as the perfect channel for their passions.