Retail Stores
November 30, 2022 at 2:20 pm
Claire's, known for its youth-inspired jewelry, accessories and ear-piercing services, announced Tuesday that it would open stores within several Macy's locations. The more-than-20 Claire's stores within Macy's will open starting this month, according to a press release by the two companies. Locations will include a few flagships, including Herald Square and Roosevelt Field in New…
November 28, 2022 at 2:31 pm
Consumers spent a record $9.12 billion online shopping during Black Friday this year, according to Adobe Analytics, which tracks sales on retailers’ websites. Overall, online Black Friday sales were up 2.3 percent year-over-year. Adobe also predicted that consumers were set to spend more than $9 billion online over the weekend ($4.52 billion on Saturday, $4.99 billion…
November 25, 2022 at 12:04 pm
Shoppers were expected to turn out in record numbers to shop for Black Friday deals, particularly as concerns of COVID-19 have subsided. However, with inclement weather in parts of the country, thin crowds were seen outside stores on what has historically been the busiest shopping day of the year. At Times Square in New York…
November 17, 2022 at 6:40 pm
An estimated 166.3 million people are planning to shop from Thanksgiving Day through Cyber Monday this year, according to the annual survey released today by the National Retail Federation (NRF) and Prosper Insights & Analytics. This figure is almost 8 million more people than last year and is the highest estimate since NRF began tracking…
November 8, 2022 at 10:56 am
It’s been long established that music has the power to stir emotion and influence consumer behavior. In 1973, business professor Philip Kotler first addressed the science of sound in retail when he coined the term “atmospherics” for the practice of designing store environments to project a specific image and induce certain behaviors. In an article…
November 7, 2022 at 6:53 pm
Despite high inflation and rising interest rates, the National Retail Federation (NRF) said last week it expects healthy holiday sales thanks to things such as job growth, salary increases, and higher savings rates. More specifically, NRF forecasts that holiday sales will rise between 6 percent and 8 percent this year compared to 2021, reaching between $942.6 billion…
October 27, 2022 at 4:19 pm
Target has more than tripled the number of Apple at Target shop-in-shops this year, now reaching more than 150 locations, the retailer announced Wednesday. The expanded collaboration gives more consumers a one-stop-shop for Apple products and accessories just in time for the holidays. Members of Target Circle, the retailer's loyalty program, now have access to a…
October 24, 2022 at 4:24 pm
Warby Parker, one of the first retail startups to use a direct-to-consumer business model, is planning to open hundreds of brick-and-mortar stores with eye exam spaces over the next few years due to customer demand for physical destinations that offer eye examinations, according to co-CEO David Gilboa, in a report on CNBC.com. By the end of 2022, the…
October 19, 2022 at 4:52 pm
Circle K, a Canada-based convenience store and gas station operator, announced it was partnering with Green Thumb, a leading national cannabis consumer packaged goods company, to sell its products at a handful of Circle K locations next year. About 10 "RISE Express"-branded dispensaries will open adjacent to Circle K stores in various Florida locations, Green…
October 6, 2022 at 9:59 am
Ikea U.S. has announced the opening of two new planning studios in the Los Angeles area to increase consumer access to the retailer in the city. In this video interview, Ikea Los Angeles Area Manager Gustavo Tinajero discusses why the home furnishings retailer introduced the new store format, why L.A. is a good fit for the stores, and…
