REI Prototype Store Lands Top Sustainable Design Award
from Greener Buildings
Recreational Equipment Inc. (REI) opened a new store in Round Rock, Texas, last year that tested several retail design and green building concepts. The prototype store sports recyclable carpet, rubber flooring, a rooftop solar power array, solar thermal water system, natural lighting, and energy efficient insulation, appliances and HVAC system, among other features. More
J. C. Penney Plays Up Its Manhattan Opening
from The New York Times
J. C. Penney, a retailer with middle-American roots, intends to make a grand entrance with its first store in Manhattan, a place at the heart of retailing. The campaign, which is estimated to cost as much as $1 million, seeks to demonstrate that Penney will be at home in Manhattan. The potential “halo effect” on the Penney brand of opening and operating a store in the fashion and media capital of the country has inspired the extensive campaign, said Mike Boylson, executive vice president and chief marketing officer at the J. C. Penney Company in Plano, Texas. More
Crabtree & Evelyn, Retailer, Files for Bankruptcy
Crabtree & Evelyn Ltd., the maker of soaps, gifts and toiletries sold in 126 stores in 34 states, filed for bankruptcy protection in New York, citing a decline in consumer spending. The company, based in Woodstock, Connecticut, reported $46.2 million in assets and $33.2 million in liabilities in today’s bankruptcy petition. "We are confident that Chapter 11 gives us the opportunity to restructure the company with a business model that will be sustainable for long-term growth," Stephen Bestwick, the retailer's acting president, said in a statement. More
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Getting to 'Wow': Consumers Describe What Makes a Great Shopping Experience
Paula Courtney found "wow" when she took her daughter to the employee washroom at her local grocery store. A sign by the door instructed workers to remain physically by the side of any customer experiencing a problem until that problem was resolved. Later, when Courtney was in the checkout line, the cashier noticed Courtney's blueberries were squishy. The cashier insisted on walking back to the produce section to find a fresh box. More
Entertainment's Loss is the Retail Industry's Gain
The recent three big losses in the entertainment industry have turned into huge gains for the retail industry as fans find room in their recessionary budgets to snatch up memorabilia by the millions. Amazon, eBay, and Apple's iTunes are among the U.S. retailers that are winning big with Michael Jackson, Farrah Fawcett, and Ed McMahon merchandise sales, and they seem quite unapologetic about profiting from the deaths of three big entertainment icons. More
Is the Worst Over? Most Economists Say Yes
from The NPR
At the beginning of 2009, many Americans feared an economic depression was at hand. In January alone, U.S. employers slashed nearly three-quarters of a million jobs. Now, as the year's second half begins, most economists are saying the worst of the recession is over, and that slow growth will begin in the fall. More
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Best Buy to TiVo: You Scratch My Back, I'll Scratch Yours
from Retailing Today
Best Buy announced that it has agreed to increase marketing and merchandising of TiVo DVR devices, as well as other devices that may feature the TiVo user interface and platform in the future. Chris Homeister, SVP entertainment at Best Buy said, "Best Buy and TiVo together will open up a variety of new ways for consumers to get the most out of their entertainment experience, have more digital content choices, and get on-demand access to Best Buy's trusted perspective in consumer electronics." More
Hobby Lobby Plans to Open 25 Stores
Hobby Lobby is on track to open 25 new stores this year around the country, and will begin work this summer on construction of a new store in Moore, Okla. The Oklahoma City-based chain of arts and craft stores, owned by David Green, has stayed on course in its expansion plans despite the national recession that has hurt many retailers. More
Wal-Mart Woos Hispanics with New Supermercado
Lifting her 2-year-old daughter Shayla into a shopping cart at the Supermercado de Walmart here in Phoenix, Elizabeth Hernandez searches for just the right words to describe her feelings. But she is searching for the right words in English. "I feel more comfortable shopping here," said Hernandez, an admittedly shy 32-year-old Phoenix homemaker who is fluent in Spanish. "I don't have to know the exact right words to get what I need. It makes me feel more at home." More
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Ritz Camera Warns of Possible Liquidation
from The Washington Post
Ritz Camera, the ubiquitous national photo chain that got its start as an Atlantic City, N.J., portrait studio 91 years ago, said it is unable to raise the cash it needs to operate through the summer. The firm, a victim of the economy and changing technology, has been attempting to reorganize since it filed for Chapter 11 bankruptcy protection in February. The company said in court documents this week that it now hopes to sell its assets. More
Data Privacy Rules Coming
from BNET Retail
Advertising company StoreBoard Media has been running in-store billboard displays on security pedestals for clients like Johnson & Johnson, Alberto Culver and Cadbury. Located at the front entrances of major drug store chains, this type of media buy allows marketers to catch consumers’ attention the moment they walk into the store. StoreBoard Media, which boasts about 13,000 retail locations within its network, runs displays one advertiser at a time (per store) to “reduce clutter,” said company president Rick Sirvaitis. More
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