Gatewood Retail News
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 its 10th annual e-commerce report evaluating sentiment among U.S. online shoppers, their consumer spending, preferences and expectations. This year’s report, titled “The Influence of Omnichannel Excellence on Consumer Behavior,” looks at how consumers are reestablishing physical stores into their shopping journeys. The study surveyed more than 1,300 U.S. shoppers and found that while e-commerce is flourishing, consumers are also partial to having an in-store experience. Sixty-one percent of consumers surveyed said they enjoy…
Read More >>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 of Hoover made the announcement Thursday. The new store will open in the space formerly occupied by Bed Bath and Beyond on Lorna Road. A popular national chain of neighborhood grocery stores, Trader Joe’s has made a name for itself with its variety of niche food products, alcohol and flowers. It has locations in Huntsville and at the Summit in Birmingham. (Mobile has pushed for…
Read More >>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 site of the Locker Room cleared The Locker Room opened on Oct. 26, 1964, on the Strip near the University of Alabama, where the store was located most of the first 50 years. The store was known for its trademark building, an 1800s red wood farmhouse. In 2015, the store relocated to its current location at 2104 University Blvd. The iconic clothing store is best known…
Read More >>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 Alabama’s leading retail department stores at the time. After a year and a half, that experience convinced Alex he had what it took to operate his own retail business. On Nov. 1, 1964, he and a partner opened a 750-square-foot store at 1402 University Blvd. on The Strip in Tuscaloosa called The Locker Room. At the time, Alex was 23 years old. Fifty-seven years later,…
Read More >>(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 brokerage JLL presented their first webinar update on retail since the end of last year, when the world was in the grips of COVID-19, in lockdowns and with mandated business closings. Last year there were predictions of a brick-and-mortar “retail Armageddon” because of the pandemic, according to Naveen Jaggi, president of JLL America Retail Advisory Services. It hasn’t turned out that way, he said. “If…
Read More >>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 years to $77 billion. Resale is expected to grow 11 times faster than firsthand retail clothing sales over the next five years. In addition, resale sales are expected to be more than twice the size of fast fashion sales by 2030, with two in five resale consumers saying they’re replacing fast fashion purchases with secondhand clothing. In 2020, 33 million consumers bought secondhand apparel for…
Read More >>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 to sign shorter leases, which can allow them to experiment with different formats. Year-to-date, retailers in the U.S. have announced 3,199 store openings and 2,548 closures, according to a tracking by Coresight Research. For the first time in years, retailers across the country are planning to open more stores than they are closing. From Ulta Beauty and Sephora, to Dick’s Sporting Goods, Five Below and TJ Maxx, businesses are rebounding the…
Read More >>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 to $25.3 billion. The survey found that for every $1 billion in sales, the average retailer incurs $106 million in merchandise returns. Additionally, for every $100 in returned merchandise accepted, retailers lose $5.90 to return fraud. The top categories of merchandise returned include auto parts (19.4%), apparel (12.2%), home improvement (11.5%) and housewares (11.5%). More than one-fifth of returns were completed through credit cards, followed…
Read More >>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 found. In part thanks to the expansion of Google My Business, smaller retailers are increasingly offering such services, with about 40% of online purchases picked up at local stores, according to omnichannel firm Uberall. Growth in such services has spiked 75% year over year, with BOPIS growth at Walmart and Target outpacing their robust online sales growth, according to 1010data. The trend is fueled in part…
Read More >>ICONIC MENSWEAR RETAIL ENTERPRISE BEGINS ITS 57TH YEAR Alex Gatewood opened the Locker Room in Tuscaloosa October 28, 1964 Tuscaloosa, AL The Locker Room, a traditional menswear retail enterprise that coined the term ‘Elephantwear’ and made Gameday wear a national fashion trend, celebrates its 57th year in business on October 28th. The 7000 SF store located at 2104 University Boulevard in Tuscaloosa, is owned, and operated by Alex Gatewood who at 79, continues to set the pace for his “less seasoned” employees. October 28, 1964 was a day…
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