News

Publix is heading to South Carolina with two stores which will be located in North Myrtle Beach and Pawleys Island.

The first lease is for North Myrtle Beach located in the Coastal North Town Center at Hwy. 17 and Moss Place. The store will be a 49,000-sq.-ft. Publix supermarket and is expected to open in late 2014.

Distribution centers are evolving to keep pace with demands of omnichannel retailing

Distribution centers have evolved alongside trends such as just-in-time manufacturing and the rise of overnight shipping. Now they are changing again, this time to accommodate omnichannel consumers.

It’s not what you see as much as what you don’t see that defines AT&T’s new store concept.

Noticeably missing from the prototype, which debuted in La Grange, Ill., are traditional counters, checkout registers and printed signage. Instead, the 3,200-sq.-ft. store offers an inviting, modern and interactive environment that is focused on the customer experience.

The National Retail Federation showed its Christmas spirit on Thursday by releasing a holiday forecast that calls for sales to increase 3.9% to $602 billion and assumes the President and Congress will be able to resolve their differences.

NRF’s forecasted growth rate of 3.9% is a solid figure and well above the 3.3% average growth rate of the past 10 years and ahead of last year’s 3.5% gain. In addition, the trade group’s Shop.org digital division forecast that online sales would grow between 13% and 15% to roughly $82 billion.

Hoffman Estates, Ill. - Sears Holdings Corp. has borrowed $1 billion under a new a senior secured term loan facility under an existing credit agreement from April 2011. The existing credit agreement continues to provide for a $3.275 billion asset-based revolving credit facility.

Last month, Sears said it would obtain the loan to help reduce how much money it borrowed under the existing credit facility. The new loan is due June 2018.

 

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U.S. retailers increasingly tapping into global markets via online efforts

Demand for American brands around the globe is getting bigger every day. There are currently more than 2 billion prospective global customers, and about 25% of the traffic from U.S. retail sites comes from international shoppers, according to industry experts, with Canada, Australia, the United Kingdom, Russia and Hong Kong currently the top international markets for U.S. retailers.

The Clorox Company has updated its strategic growth plan. Called the 2020 Strategy, it focuses on delivering long-term, profitable growth through the year 2020 and builds upon the company's recently completed centennial strategy.