— By Dan Brickner — Now trending: right-sizing and reducing the store footprint with smaller-format stores. Retailers have discovered there is no longer a “one-size-fits-all” approach to market expansion. As a result, astute retailers are “right-sizing” their retail footprints and introducing small-store formats that are tailored to specific demographics in both urban and suburban areas. Through available data, retailers have the ability to tailor smaller store formats and curate their merchandising to better serve the needs of their customers. Take a look at how small-format stores are redefining retail real …
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— Interview by Katie Lee — How The Container Store’s new prototype design enhances the customer experience. When The Container Store unveils a new store prototype, you can bet it is innovative, organized, high-tech, and a completely refreshing customer experience. On those points, the Dallas-based home organization retailer does not disappoint. Two years in the making and created by FRCH NELSON in partnership with digital agency MJD Interactive, The Container Store’s next generation store mirrors individual rooms in a home, allowing customers to visualize how each room in their home, …
New York City and London — Barnes & Noble, Inc. has been successfully acquired by Elliott Advisors (UK) Limited. Elliott’s acquisition of Barnes & Noble, the largest retail bookseller in the United States, follows its June 2018 acquisition of Waterstones, the largest retail bookseller in the United Kingdom. Barnes & Noble serves 627 different communities across all 50 states, where it remains the Number 1 bookseller in the United States. Elliott seeks to build upon this strong foundation as it addresses the significant challenges facing the brick-and-mortar book retail space …
New York City — Bona Design Lab, a global retail design and consulting firm based in New York City, has been recognized by the Retail Design Institute for the store design it created for ENEX, the licensee for Shell brand fuels and lubricants in Chile and operator of service stations as well as convenience stores under the Upa! and Upita! brands. The design was one of the finalists in the “Class of 2018 Winners” named by the Retail Design Institute in its 48th annual Store of the Year competition. The …
New York City — Luxury department store retailer Barneys New York has voluntarily filed for bankruptcy protection and has disclosed plans to close 15 of its 22 brick-and-mortar stores. The Chapter 11 filing in the U.S. Bankruptcy Court of the Southern District of New York indicated that Barneys had more than $100 million in assets and more than $100 million in debts, according to The Wall Street Journal. Barneys plans to keep five of its flagship locations open, including its famous Madison Avenue store. The retailer will also continue operating …
Atlanta — Ace Hardware Corporation, the largest retailer-owned cooperative in the world, has selected Atlanta-based tech startup Deputy as its recommended people management and scheduling solution to its community of store owners and managers. “Not only does it take less time to make a schedule in Deputy, but after I’m done making it, there’s nothing else required from me until it’s time to make schedules again the next month,” says Bobby Heuser, owner of Heuser Ace Hardware in Bluffton, S.C. “Deputy enables my employees to do everything they need in …
Plano, Texas — J. C. Penney Company, Inc. has hired James (Jim) DePaul, a highly accomplished field executive with nearly 25 years of retail experience, as executive vice president of stores, effective August 5, reporting directly to CEO Jill Soltau. He joins JCPenney from Shopko. DePaul, who will oversee the company’s stores, store operations, store environment and design and asset protection teams, will be responsible for improving in-store and omnichannel operations. Mike Robbins, executive vice president of stores and supply chain, will be leaving the organization on August 3, 2019. …
Fort Myers, Fla. — GATES Construction has completed multiple projects at Daniels Marketplace located at the crossing of Daniels and Six Mile Cypress parkways in Fort Myers, Fla. The project buildouts include Club Pilates, Paradise Grill, Tide Dry Cleaners, Uh-Maze Bowls, Pearle Vision and Hand & Stone Spa. Design services are provided by Wakefield Beasley & Associates and Hand & Stone Franchise Corp. For over 25 years, GATES has provided construction management, general contracting and design-build services. Its diverse portfolio of commercial, healthcare, multi-family, club and hospitality, institutional and special …
Pittsburgh — The vitamin and health supplement niche of the brick-and-mortar retail market continues to experience intense competitive pressure, observes veteran retail consultant Jeff Green. So it came as no surprise to Green when GNC Holdings Inc. officials revealed in a second-quarter earnings call earlier this week that it will shutter up to 900 stores in North America by the end of 2020. “It used to be that specialty health supplements were only found in specialty stores such as GNC, Vitamin Shoppe and other regional chains,” says Green, a partner …
San Francisco — Gap Inc.’s Nancy Green, who currently leads the Athleta brand, will shift in early August to a newly created role as president and chief creative officer of Old Navy. In this new role, Nancy will lead Old Navy’s design, production, merchandising and marketing functions, and will report to Sonia Syngal, president and CEO of Old Navy. While a search is underway for Athleta’s next president, the brand’s well-established leadership team will report to Gap Inc. CEO Art Peck. “Nancy’s ability to drive growth is demonstrated by Athleta’s …