News

Lowe’s welcomes new senior VP
James Han has joined Lowe's Cos. as senior VP of business development. In this new role, Han is responsible for accelerating the company's business development strategy which involves identifying and implementing growth opportunities through new and emerging businesses, exponential innovation and corporate ventures. He reports to chief development officer Richard Maltsbarger.
Jo-Ann Stores names Fred’s, Walgreens vet to new exec role
Jo-Ann Fabric and Craft Stores has appointed Bryan Pugh to the newly created position of executive VP, stores and store operations. He will lead financial, operational and cultural leadership of Jo-Ann Stores.

Pugh joins Jo-Ann from Fred’s Pharmacy & Super Dollar where he served as executive VP, chief merchandising and marketing officer. His experience also includes serving as senior VP, chief merchandising officer at Walgreen Co. in addition to several roles of increasing responsibility at Tesco.

Grandin Road, Macy’s, New York

Grandin Road has made the leap to brick-and-mortar with a spooky in-shop at Macy’s Manhattan flagship.

The brand’s 1,400-sq.-ft. Halloween pop-up is elaborately designed to offer a bewitching immersive experience, complete with digital signage animated with spiders, a costumed witch and scary animatronic products (also available for purchase.) An on-site photo booth allows customers to create a fun memento of their visit.
Innovative concept changes things up at Santa Monica Place

Out with the old, in with the new at Macerich’s Santa Monica Place, in Santa Monica, California. WithMe, an interactive brick-and-mortar shopping experience that features limited runs of traditional and pure-play retail brands, has opened three new fashion pop-ups in its flagship space at the mall.
Mattress Firm posts Q2 loss

The nation’s largest specialty bedding retailer posted disappointing results on Friday for its second quarter.

Mattress Firm Holding Corp. on Friday reported a loss of $2.2 million, after reporting a profit in the same period a year earlier.

Revenue increased 48.2% of $980 million, which also fell short of Street forecasts, reflecting incremental sales from acquired and new stores.

Same-store sales fell 1.1%.
Shell Retail adds new life into POS

The fuel retail industry may innovate at a snail’s pace, but Shell Retail is bucking the trend.

Following a year-long proof-of-concept, the gasoline and convenience store retailer is embarking on an iPad-based point-of-sale (POS) deployment at dedicated locations. The robust cloud-based system is designed to centrally manage fuel stations and markets more effectively; ensure compliance with data security standards, and most importantly, improve the customer experience through the point-of-purchase.
New Saks is ‘first of its kind’

Saks Fifth Avenue’s new store in New York City is unlike any other the retailer has opened to date.

Located at Brookfield Place in lower Manhattan, the 86,000-sq.-ft. store is decidedly smaller than most Saks’ locations. It feels more like a boutique than a department store, with some traditional departments, such as handbags eliminated. (Handbags and certain other products are grouped by brand as opposed to category.) It also boasts such new services as a “power lunch” offering.
Hostage By Hanjin: How to keep inventory moving when supply stops

The collapse of Hanjin Shipping, the seventh largest freight carrier in the world, has left $14 billion worth of cargo in limbo. Much of that is literally floating around in the ocean, unable to dock; the rest is sitting idle in ports waiting to be unloaded. For Samsung, that means $38 million worth of electronics and appliances are held hostage in the carrier-bankruptcy case. And HP has 500 containers filled with computers waiting to reach American soil.
First Look: Lou & Grey, New York

The more casual sister of Loft and Ann Taylor has opened its first location in New York City.

The store, in Manhattan’s Flatiron district, reflects the easy-going, laid-back approach of the merchandise on display, with a design that evokes a soft, clean feeling. It features marble tables and fitting rooms that evoke a lounge space – floating curtains in linen with pink velvet stools.
Stuart Weitzman steps up its ‘boot game’

Stuart Wetizman’s new service is connecting loyal shoppers with their “solemates.”

Called "The Ultimate Boot Guide,” the luxury footwear brand’s new digital service assists shoppers as they the hunt for their “perfect pair of boots” among more than 70 boot styles available this season on Stuartweitzman.com.