News

TODAY’S CONSUMER IS SMARTER— IS YOUR BOARD?
Today, when it comes to adding new members to your board of directors, creating a balance between industry experience and innovation is extraordinarily important. Filling board seats with industry veterans and compliance experts may feel comfortable in the short term, but to adapt to today’s savvy and demanding consumer, companies must be more forward thinking.

We’ve all witnessed the recent evolution of the C-suite — companies bringing in new, young talent, often from other industries, to modernize a brand, enhance the store experience or to leverage technology.
Amazon Books headed to Hudson Yards
Amazon Books is headed to Hudson Yards, the massive redevelopment underway on New York’s west side, according to a report in the New York Post. The online retailer debuted its bricks-and-mortar retail format last November, at University Village in Seattle, and is set to open a second location, in San Diego, this summer. A third location, at Washington Square Mall, in Tigard, Oregon, is expected to open this fall. The Hudson Yards location would be Amazon’s East Coast beachhead.

FULFILLING STORES’ SEAMLESS POTENTIAL

Chain Store Age spoke with Vikas Aron, director of product management for Manhattan Associates, about how the store has become a vital point in the modern supply chain.

How does having an accurate view of store-level inventory enable effective omnichannel fulfillment?

More and more retailers are leveraging their physical locations as fulfillment centers, with store associates acting not only as sales clerks but also as fulfillment specialists. The advantages of handling fulfillment from the store are many.
GETTING THE REBATE

There is substantial funding available to reduce the cost of upgrading existing lighting systems, but it takes some preparation. Here are some tips:
High-profile brand eyes bricks-and-mortar growth

Dyson, the consumer electronics brand best known for it pricey vacuum cleaners, has opened a store in the heart of London’s main shopping district. The sleek, futuristic-looking store, on Oxford Street, is designed to allow shoppers to see and test Dyson’s complete line of vacuum cleaners, fans, heaters, humidifiers and other products, with some 65 items on display. It also has 64 different dust/dirt samples and four floor surfaces available on which customers can to test vacuum cleaners.
GAUGING REFRIGERANT NEEDS

Retailers should do their homework now and make a plan for the future

Today, retailers and end-users face many changes in regard to refrigerants, including technology options and efficiency regulations. In the past, choices were made and remained applicable for a year or more.
NOW TRENDING ...

Enough of the “retail is dying” narrative that has dominated so many headlines the past few months. It’s way overplayed.
Brick-and-mortar is evolving, not dying. And it’s full of exciting new players — many of them digitally native — that are infusing the industry with something it can always use: new blood. Here’s a quick rundown of some of these newcomers to the physical space:
New strategies for CFOs

From investments to support omnichannel initiatives to energy efficiency programs and equipment upgrades, prioritizing and approving capital expenditures has become increasingly complex for retail CFOs.

“Retail CFOs are performing a high wire balancing act these days,” said Rod Sides, vice chairman and retail and distribution practice leader for Deloitte. “Online sales are growing while the traditional business is flat to declining, but still accounts for 80% of the revenue.
Tech veteran promoted to Oracle Retail VP

A 30-year industry veteran is taking day-to-day control of the Oracle Retail global business unit. Oracle has appointed Ray Carlin as senior VP and general manager, Oracle Retail. Carlin will be responsible for leading the Oracle Retail global business unit and report to Mike Webster, Oracle’s senior VP and general manager, retail and hospitality.
EAT AND PLAY

An influx of restaurants and entertainment concepts is changing the look of shopping centers nationwide and altering the role these centers play in their communities. It is a trend Retail Properties of America has seen play out firsthand as owner and operator of 192 retail properties encompassing nearly 30 million sq. ft.