Retail Stores
From Groupon to Ikea, these companies are changing how we buy.
When Emily McNish shopped for jewelry online, she was overwhelmed by the options while searching for “gold necklace” on e-commerce sites or Google. Then she found a website called JewelMint that she lets shop for her.
The Foundry Big & Tall Supply Co., a new specialty retail concept for big and tall men from J.C. Penney, made its retail debut in the Dallas area. Approximately 10 stores are expected to open in the Dallas and Kansas City, Mo., markets by the end of May. The company plans to expand the concept nationwide to 100 stores by 2013, reaching a total of 300 stores over the next five years.
If you had better salespeople, would your organization have better results? While improving the caliber of your salespeople isn't an overnight fix, it ultimately starts somewhere. Here are a few ideas to help you lead your team to better results:
Crocs beat quarterly estimates as its colorful plastic clogs sold well, but its second-quarter forecast fell short of market expectations. The company also named Jeff Lasher as its new chief financial officer. Lasher was Crocs' principal accounting officer and interim principal financial officer since January 2011.
Oprah Winfrey will be closing down The Oprah Store in Chicago by June. In addition, Oprah’s outlet at Water Tower Place will stop operations, and she'll also be shutting the virtual doors of her e-commerce store all by the end of May, in preparation for her farewell show.
Super Rad Industries announced plans to open its first retail store in Los Angeles. Super Rad will be setting up shop alongside Conart on the super trendy and heavily trafficked Fairfax Avenue.
Williams-Sonoma announced that PBteen, a resource for home furnishings for teens and tweens, will now be available to Canadian customers for the first time through a partnership with FiftyOne Global Ecommerce.
OfficeMax said its net income dropped 53 percent in the first quarter. The company blamed bad weather, store discounts and "an unfavorable product sales mix shift" in the technology department.
The assumption about item-level RFID is that it's perfect for managing inventory all the way from the stockroom to store shelves and through checkout. But if J.C. Penney CIO Ed Robben is right, that approach is wrong.