News

Emerging food service concept Maple Street Biscuit Company is the latest addition to one of Gainesville, Fla.’s fastest growing retail destinations.

One key area of the supply chain is an area of concern for almost three-quarters of North American retailers.
 

Macy’s ranked as the department store of the year in the Harris Poll’s 28th annual EquiTrend Study, which recognizes the strongest brands based on consumer response.

In coming out on top, Macy's unseated Kohl's, which has held the honor since 2012. Macy's also showed one of the largest brand equity increases (+7%) over a three-year period.

There is no shortage of emerging technologies with the potential to transform how retailers operate, but some are closer to realizing that potential than others.

Virtual and augmented reality and Internet of Things (IoT) are most likely to disrupt retail, at least in the short term. That’s according to the first quarter 2016 Retail Innovation Report from the Center for Advancing Retail & Technology (CART),

Energy that comes from an unlikely source will help power a distributed center operated by Stop & Shop Supermarket Company.

The retailer has opened a “Green Energy Facility,” in Freetown, Massachusetts, that will convert inedible food from Stop & Shop’s 212 New England stores into energy that will help power the company's distribution center in Freetown.

Eighty-eight percent of consumers plan to celebrate Mother’s Day 2016 and clothing is this year’s big winner.

That’s according to the annual Brand Keys Mother’s Day survey, which found that consumers intend to spend on average $205.00 this year, up 6% over 2015.

Men, following a long-standing tradition, intend to spend more than women, reporting an anticipated average spend of $228. Women reported an anticipated spend of $182.

Nordstrom announced it will phase out 350 to 400 jobs, primarily in its corporate center and regional support teams, through the end of the second quarter.

The retailer described the reductions as changes in its operating model in order to “continually evolve with the expectations of its customers, ensure it is best positioned to respond to the current business environment, and meet long-term growth plans.”

The changes are estimated to generate savings of approximately $60 million in fiscal 2016.