Top

Category: Stores


Customer Experience, Point of Purchase, Retail Types, Stores

IKEA Open First U.S. Smaller Format Store

January 11, 2021

Via: Retail Info Systems News

IKEA Retail U.S. has opened its first store in the U.S. to boast the retailer’s new, smaller format. The new IKEA Queens, NY, store in the Rego Center shopping mall offers a full range of products across just 115,000-square-feet of […]


Retail Types, Stores

Retail rents tumble to historic lows in New York City amid bankruptcies and store vacancies

January 8, 2021

Via: CNBC

Rents for retail space in New York City have tumbled to historic lows, dropping as much as 25% from 2019 levels, as troubled retailers like Neiman Marcus and Century 21 closed stores and vacancies soared, according to a report Friday. […]


Retail Types, Stores

Have retailers solved their long line problems?

January 6, 2021

Via: RetailWire

Outside line monitoring, reservations, time limits and mobile checkout are some ways retailers have been managing customer queues during the pandemic. Lines outside grocers and big boxes seen at the beginning of the pandemic are expected to return in many […]


Retail Types, Stores

Walmart Is Sued By The Justice Dept.

December 30, 2020

Via: Forbes

The Justice Department sued Walmart a week ago about the company’s role in the opioid crisis. The claim centers around the Walmart chain of pharmacies filling millions of opioid prescriptions, thousands of which were suspicious according to authorities quoted by […]


Retail Types, Stores

Was Walmart responsible for vetting opioid prescriptions?

December 23, 2020

Via: RetailWire

The Trump administration on Tuesday sued Walmart for helping fuel the nation’s opioid epidemic by ignoring suspicious prescriptions. The retailer’s counterargument: the vetting of prescriptions lies primarily with the physician, not the pharmacy. “Blaming pharmacists for not second-guessing the very […]


Retail Types, Stores

Starbucks sees even more stores in its future

December 15, 2020

Via: RetailWire

Starbucks plans to open a whopping 22,000 locations to bring its massive store count to 55,000 by 2030. At its bi-annual Investor Day, Rosalind Brewer, COO and group president-Americas, projected Starbucks’ U.S. base would expand by “nearly 800 gross stores […]


Retail Types, Stores

Costco Reports 1st Quarter 38% Earnings Increase And A Strong Outlook

December 11, 2020

Via: Forbes

Costco just reported first quarter earnings for the 12 weeks ending November 22, 2020. Total company sales increased +15.4%, with the U.S. reporting +14.6%, Canada +16.2%, and other international markets reporting +18.7%. Net income was $1,166 Million compared to $844 […]


Customer Experience, Point of Purchase, Retail Types, Stores

What will it take to get shoppers back into stores in 2021?

December 10, 2020

Via: RetailWire

It’s no surprise that online sales have been higher than ever before during the 2020 holiday shopping season — especially on Black Friday and Cyber Monday — while in-store traffic fell by 52 percent compared to 2019. Although the demand […]


Retail Types, Stores

Lowe’s expects sales to rise about 22% in fiscal 2020 as turnaround efforts gain traction

December 9, 2020

Via: CNBC

Lowe’s said Wednesday it expects sales to grow by about 22% next year, as its turnaround efforts gain momentum, and it gets a boost from the popularity of home improvement projects during the coronavirus pandemic. Same-store sales are expected to […]


Retail Types, Stores, Suppliers

Supplier, stuck with $85M hand sanitizer order, sues Kroger

December 8, 2020

Via: RetailWire

K7 Design Group, a family-owned manufacturer and distributor of consumer products marketing under the “Ultra Defense” brand label, has filed an $85 million lawsuit against Kroger alleging that the grocer placed a huge order for hand sanitizer in the early […]