Retail
New Reports Show Shoppers Value In Store Shopping
A new study by Ryder System looks at how consumers prefer a mix of physical presence and digital convenience in their shopping. ByKanika Talwar September 25, 2024, 7:00am Sixty-one percent of consumers surveyed said they enjoy in-store shopping for the experience. Ryder System, a leading supply chain, transportation and fleet management solutions company, has released…
Read MoreNew Trader Joe’s Coming to Alabama Town, Will be Third in the State
Updated: Nov. 07, 2024, 3:25 p.m. |Published: Nov. 07, 2024, 3:02 p.m. Trader Joe’s is one of the most popular grocery stores in America — but it’s far from your usual supermarket. Julia Hatmaker | jhatmaker@pennlive.com William Thornton | wthornton@al.com Trader Joe’s will open another Alabama location – this time in Hoover – next year. The city…
Read MoreHow the Locker Room Built a 60 Year Success Story in Tuscaloosa
When owner Alex Gatewood opened the Locker Room with a $5,000 loan in 1964, he didn’t know the Tuscaloosa clothing store would turn out to be such a long-term success. “I began my business with a $5,000 loan with no idea we would be in business 60 years later,” said Gatewood in a news release. Looking back:Former…
Read MoreMEMBER PROFILE: ‘TUSCALOOSA HAS BEEN GOOD TO US,’ SAYS ALEX GATEWOOD, OWNER AND FOUNDER OF THE LOCKER ROOM
Source: Alabama Retailer / November Member Spotlight Writer: Nancy Dennis November 4, 2021 Alex Gatewood initially came to Tuscaloosa to go to graduate school at The University of Alabama. Instead, he put his marketing and retailing undergraduate degree from Mississippi State University to work immediately. He entered a management training program for Pizitz, one of…
Read MoreExperts Believe a Retail Property Surge Is Coming Fueled by US Economy With ‘Strongest Growth in a Generation’
(Getty Images)SOURCE: Loopnet Reporter: Linda Moss The latest forecast for the U.S. retail property market over the next few years is looking bullish, with the industry buoyed by a strong and fast-growing economy, pent-up consumer demand because of the pandemic, and the desire for shoppers to connect with a human. A panel of executives from…
Read MoreSurvey: Second-hand retail sales will reach $77 billion by 2025
Dan Berthiaume Senior Editor, Technology The resale market is expected to double in the next five years. According to the ninth annual “2021 Resale Report” from online resale platform ThredUp Inc. and retail analytics firm GlobalData, secondhand apparel, shoes, and accessories is now a $36 billion market, projected to double in the next five…
Read MoreRent is Cheap, Vacant Space is Everywhere: Retailers Seize the Moment to Open Stores
SOURCE: CNBC Lauren Thomas Published: March 18, 2021 KEY POINTS For the first time in years, retailers plan to open more stores than they close. From Ulta Beauty and Sephora, to Dick’s Sporting Goods, Five Below and TJ Maxx, businesses are rebounding from the Covid pandemic and looking to expand. Many businesses see an opportunity…
Read MoreMerchandise returns totaled $428 billion in 2020; top categories of returns were…
SOURCE: ChainStore Age By: Marianne Wilson Merchandise returns totaled approximately 10.6% of total U.S. retail sales last year. That’s according to a report released by the National Retail Federation and Appriss Retail, which found that consumers returned an estimated $428 billion in merchandise to retailers in 2020. Roughly 5.9% of the returns were fraudulent, equating…
Read MoreRetailers’ best e-commerce asset may be their brick-and-mortar stores
Source: Retail Dive: Daphne Howland Dive Brief: In yet another trend accelerated by the pandemic, BOPIS services have surged, with 40% of retailers now offering the service, compared to just a quarter last year, according to an emailed report from omnichannel platform NewStore. More than half (55%) offer in-store returns of online purchases, the firm…
Read MoreICONIC MENSWEAR RETAIL ENTERPRISE CELEBRATES A BIRTHDAY – The Locker Room Turns 57
ICONIC MENSWEAR RETAIL ENTERPRISE BEGINS ITS 57TH YEAR Alex Gatewood opened the Locker Room in Tuscaloosa October 28, 1964 Tuscaloosa, AL The Locker…
Read More