Retail
MEMBER 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 More‘Destination Versus Desperation’: Upscale Convenience Stores are Coming for Prime Retail Locations
Source: BisNow Atlanta Writer: Jarred Schenke When Paul Nair opened the first location of his upscale neighborhood grocer, Savi Provisions, in Atlanta’s Inman Park neighborhood in 2008, he didn’t realize he was on the cutting edge of a trend that has begun to reshape retail markets from the suburbs to prime corners of Manhattan. Savi Provisions, which serves…
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 MoreDick’s Sporting Goods Bets on Experential Retail
Source: Chain Store Age Writer: Marianne Wilson Dick’s Sporting Goods is running fast these days. The nation’s largest sporting goods retailer has had a busy few months, adding soccer shops to namesake locations, remodeling Golf Galaxy stores and opening clearance stores. But its most talked-about initiative has been the debut of an experiential retail concept…
Read MoreHalf of Americans saw their favorite local store shut down because of pandemic
Source: Study Finds By: Chris Melore Many shoppers now swearing off big box stores after seeing beloved shops shutter NEW YORK — Few people have escaped the financial impact of the coronavirus pandemic and that’s especially true for local ‘mom and pop’ shops. A new study finds half of Americans have witnessed their favorite local…
Read More5 Signs that Retail Is Going to Be OK
SOURCE: Retail Dive Staff Writer: Daphne Howland Last year was a challenge like no other for the retail industry. COVID-19 upended people’s existence worldwide, threatening human life and undermining the global economy. Job and wage losses took a toll. Even those able to stay healthy and financially secure have faced disruptions to daily life, upsetting work,…
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 MoreWhy Apple, Sephora and Nordstrom are jumping on this trend to pull in shoppers Parija Kavilanz CNN Business
SOURCE: CNN Writer: Parija Kavilanz New York (CNN Business)As the pandemic drags on, big chains like Target and Nordstrom are looking for ways to keep consumers coming back to their stores. One go-to strategy is the store-within-a-store concept. It’s a way for one retailer to join forces with another by setting up a pop-up shop…
Read MoreSo long, sweatpants. Americans show signs they’re ready to get dressed up again
SOURCE: CNBC / Lauren Thomas reporting Published: March 5, 2021 KEY POINTS Urban Outfitters has offered one of the first signals during the Covid pandemic that women are starting to gravitate toward shopping for dresses again. The retailer’s Anthropologie brand said seven of its top 10 selling items were dresses in the final week of…
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