TECHNOLOGY

Report: Amazon considering opening members-only convenience stores
Watch out, 7-Eleven and other c-store retailers. Amazon is thinking about entering your turf. Having opened bookstores and with a planned entry into the drive-up grocery store space under construction in Seattle, the Internet giant is now considering opening convenience stores, reported the Wall Street Journal. The c-stores, with an internal code name of “Project Como,” would be available only to AmazonFresh subscribers, according to the report.
Lowe’s Foods drives loyalty with unique offering
At a time when loyalty programs are becoming ubiquitous, Lowes Foods’ new service is breaking the mold. The grocery chain is launching a promotional reward campaign in 75 stores across North Carolina, South Carolina and Virginia. For every $10 spent at Lowes Foods stores, customers will receive one stamp — either traditional or virtual — at checkout, good toward VIVO kitchen knives, knife blocks and cutting boards. The promotion runs until February 26, 2017.

Tech Bytes: Three ‘disruptive’ lessons from Northwest Arkansas Technology Summit

Hands down, “digital disruption” was the theme of the third annual Northwest Arkansas Technology Summit, held in Rogers, Arkansas. In line with evolving concept itself, there were many definitions of what digital disruption truly means heard throughout the event.
More good news for retailers

Yet another holiday forecast brings more good cheer to retailers. Consumers plan to spend an average of $636 on holiday-related expenses, up 3% from what they anticipated last year, according to The NPD Group’s 2016 Holiday Purchase Intentions Survey. They are also less concerned this year about the economy spoiling their holiday fun. When asked how the state of the economy will influence holiday purchases in 2016, the 12% who said it will have a “significant impact” is down from recent years (14% in 2015, 19% in 2014).
Target’s latest partner is…

Target Corp. is partnering with a hip design magazine on its new home collection. The retailer will launch Modern by Dwell Magazine at select stores and online beginning Dec. 27. The collection will include more than 120 items, including furniture, décor, tabletop and home accessories, with products separated into indoor and outdoor collections. Prices will range from $49.99 to $399.99 for furniture and $16.99 to $99.99 for décor, tabletop and accessories.
Walmart to slow new store growth, invest in remodels and online

Walmart gave a lackluster profit outlook for next year, and said it will slow new store openings as it invests in remodels and digital initiatives.
Report: Walmart fielding presentations from 26 technology startups

Walmart is hosting 26 startups to present their ideas as part of the company's Technology Open Call, the Northwest Arkansas Democrat Gazette reported Thursday. The event is being held in conjunction with Friday's Northwest Arkansas Tech Summit and features companies like FreshSpire, a service that notifies participating consumers the availability of discounted produce that's about to expire.
Retail Next: The biggest, busiest shopping days of the year will be…

Move over Black Friday. The biggest shopping day in terms of holiday sales is expected to be Friday, Dec. 23, while the biggest day in terms of store traffic is expected to be Saturday, Dec. 17, according to RetailNext Inc. (See lists at end of story.) It’s the first time in many years that Black Friday failed to top either of the lists.
Home decor retailer betas membership-only loyalty program

Bed Bath & Beyond is taking a loyalty lesson from Amazon.com. The chain, which is synonymous with blanketing its customer base with ubiquitous $5 off and 20% off discount coupons, is beta testing a paid membership-based loyalty program that rewards participating customers with exclusive benefits online and in-store.
J.C. Penney uses ‘experiences’ to ‘reimagine retail’

It is not easy for a 100-plus year-old retailer to reimagine its retail strategy, but J.C. Penney is doing just that.