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Physical stores ramp up technology investments to compete with Internet titans
ICSC
Physical retailers such as Target and Walmart are investing in technology to better compete with increasingly powerful Internet-based titans such as Amazon, Google, eBay, Facebook and Apple for consumers' attention and dollars, panelists said at a recent session at RECon, in Las Vegas. Increasingly, stores are scaling back their space needs and stocking only core merchandise while better facilitating ordering and delivery of their broader selections online, said Michelle Crames, vice president of social commerce solutions for Los Angeles–based Revionics.
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Golfsmith tees up in Myrtle Beach, SC
Retailing Today
Golfsmith International is teeing up for the opening of its first Xtreme golf store in Myrtle Beach, S.C. The 35,000-sq.-ft. space has been designed to encourage customers to try out products in an interactive hi-tech environment before they buy.
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Nonanchor and anchor stores equally popular among consumers
Forbes
An anchor store is a retailer that brings in a large quantity of consumer traffic on a consistent basis. Anchor stores are traditionally department stores such as Macy's, Neiman Marcus, and Nordstrom. Consumers drive miles to shop at these retailers. Anchor stores are traditionally the first stop on the shopping mall visit; it serves as a mall entrance.
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Retail rents starting to inch up
Los Angeles Times
After surviving a brutal recession that saw many chain retailers, restaurants and shops struggle and even go under, Southern California landlords are regaining the upper hand in rent negotiations. With shoppers willing to spend money again, signs of a retail revival in greater Los Angeles are starting to spread beyond destinations such as trendy Robertson Boulevard in West Hollywood and malls in Calabasas to once less popular areas such as downtown Long Beach as well as Echo Park and Highland Park in Los Angeles.
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Why Warby Parker opened a retail store
Inc.
When Warby Parker opened a flagship store in New York City, many people were shocked. No one expected the digital eyewear disruptor to expand their business to a bricks-and-mortar store. Speaking at Internet Week, Neil Blumenthal, one of Warby Parker's founders, said the move was strategic.
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3 paths to advancing the building energy retrofit market
GreenBiz.com
One obstacle in the way of spreading energy efficiency throughout buildings is the struggle to scale up investments. Ceres, the advocacy coalition for a sustainable global economy, has decided to address that blockage. Under the auspices of its Investor Network on Climate Risk, a network of over 100 institutional investors with market capitalization in excess of $11 trillion, Ceres has issued a new report detailing a comprehensive framework for creating an institutional-scale building energy retrofit industry.
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Loft to open 4 stores in Canada
Chain Store Age
Loft, a division of Ann Inc., is expanding in Canada, with four new stores by the end of fall 2013. Loft entered Canada last November, at Yorkdale Shopping Centre in Toronto. The chain will open a store in Toronto Eaton Centrer, Toronto, in late May, followed by additional units at Lime Ridge Mall in Hamilton in July, Markville Shopping Centre in Markham in August and Square One Shopping Centre in Mississauga in October.
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In surprise, General Growth eyes New York office tower
Reuters
General Growth Properties Inc. has paired with Brookfield Office Properties Inc. to bid for an expensive New York building in what could mark the No. 2 U.S. mall owner's entry into a new segment of the retail real estate market, according to two sources familiar with the deal.
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Shining the light on dark store management
By Kevin Smith
For some of you, the work begins after your stores are closed for good. Of course, we are speaking about dark store management. It is the proverbial thorn in the side, rising up to poke you when you least want to deal with it. For many, the issues often are not identifying what needs to get done or monitored but at what frequency and scope. Today, we are going to assume that the dark stores in question are vacant sites with no tenants or active customer activity. The work at these sites can typically be broken up into three components.
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Study: Walmart, Safeway rank high on consumer charity donations
Drug Store News
Cause Marketing Forum named America's Checkout Charity Champions, a first-of-its-kind study ranking the largest consumer checkout donations in the United States last year. "American companies are bonding with consumers, turning on employees and raising big bucks for worthy groups by requesting donations at the point of sale," stated David Hessekiel, president of Cause Marketing Forum.
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Top 10 retail brands that launched in Dubai In 2012
Gulf Business
As the emirate continues to draw more big brands — Abercrombie & Fitch will launch its Middle East first store in Dubai next year and fashion lines George, Crazy 8 and Calzedonia are making their debut in Dubai this year — we look at some of the popular global retailers that the emirate welcomed in 2012.
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Commercial, retail buildings fastest adopters of remote monitoring services in intelligent buildings
Today's Facility Manager
Remote monitoring in intelligent buildings is a service offered by third-party companies that audit and report on the operational performance of a building. The services have two key selling points. First, auditors can make recommendations to save energy costs by determining, for instance, a more efficient schedule for the building automation system. Second, the building owner can reduce internal staffing costs for the facility by using a third-party service provider.
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Making buildings part of the smart grid solution
The Energy Collective
A very important conference occurred in Portland, Ore., recently — the Gridwise Architecture Council hosted the first international Transactive Energy Conference. The topic of transactive energy is so new that there's no formal definition yet. Transactive energy describes the convergence of technologies, policies and financial drivers in an active prosumer market.
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Cold climate wind energy potential?
Buildings
VTT Technical Research Centre of Finland has conducted the first-ever study into the feasibility of building wind turbines across the globe in areas where cold climate and icy conditions place special demands on wind turbine technology. In addition to Scandinavia and Canada, these areas also include parts of Central Europe, the United States and China.
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Inland buys out NYSTRS on retail portfolio for $121 million
National Real Estate Investor
Inland Real Estate Corp. has agreed to buy out its partner, the New York State Teachers' Retirement System, on a 13-property Midwest retail portfolio for $121 million. Inland will acquire NYSTRS' 50 percent ownership in the IN Retail Fund LLC., a portfolio that consists of 11 neighborhood, community and power shopping centers located in the Chicagoland area; one neighborhood retail center in a suburb of Minneapolis and one community retail center located near Racine, Wis.
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Kohl's hopes Starbucks marketing whiz can spice up brand
Milwaukee Journal-Sentinel
Kohl's Corp.'s hiring of high-flying Starbucks executive Michelle Gass to fill a newly created, top-level post is, by itself, a big move for the Menomonee Falls, Wis.-based retailer. Gass — her name rhymes with "sauce" — didn't just figure prominently in taking the Frappuccino from a new iced-coffee offering to a $2 billion-a-year phenomenon that accounts for something like a fifth of Starbucks' sales. As right-hand woman to coffee-firm chief Howard Schultz, she played a critical role in Starbucks' turnaround of the past few years.
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Mall shoppers thrive on experience
Chain Store Age
Shopping malls continue to be popular with consumers because they offer hands-on shopping experience, according to results of a new survey from Glimcher Retail Monitor. Consumers cite reasons such as ability to try on clothes and accessories (74 percent), the shopping experience (55 percent) and store variety (49 percent) for going to the mall.
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