Retail Feedback Today
By Brian Numainville | Brian Numainville and Doug Madenberg of Retail Feedback Group share retail stories/news. @retailfeedback and @bnumainville
Its new neighbors will include Ferragamo and Rolex
Coach coh is about to open a snazzy new flagship store on Manhattan’s Fifth Avenue, joining ne plus ultra brands like Rolex, Ermenegildo Zegna, and Salvatore Ferragamo on one of the most expensive shopping strips in the world.
The leather goods maker …Luxury
The founder of easyJet has opened a discount food store that is selling everyday groceries for 25p each.
Sir Stelios Haji-Ioannou has launched easyFoodstore in an attempt to take advantage of the fast-growing discount market in the UK, which is led by Aldi and Lidl.
The venture could eventually be …Aldi
Amazon has a reputation for forward thinking, but when it comes to sustainability, the company has often fallen behind the times. For years, it has weathered criticism over its worker treatment, recycling and other sustainability metrics.
Recently, however, the online retailer has signaled that a …Amazon
The average American grocery store is 46,000 square feet. The average Millennial resents having to drive to said grocery store, park their car, walk 50 feet to claim a cart, traipse all 46,000 of those square feet to collect their groceries, pile them into the cart, stand in line at the register, …Google
LONDON (AP) — The founder of budget airline EasyJet has stepped into Britain's grocery aisle.
Stelios Haji-Ioannou has opened a discount grocery in northwest London, called EasyFood, offering canned sardines, soups and pasta for a mere 25 pence (36 cents) — for a limited time only. Prices will go up …EasyJet
NEW YORK (AP) — Lowe's is expanding its footprint in Canada with a $2.3 billion acquisition of the home improvement retailer Rona.
It's Lowe's second run for the company. Lowe's made a $1.9 billion bid for Rona in 2012, but that deal never went through.
Chairman and CEO Robert Niblock said in a …Canada
New York (CNN) — Home Depot is hiring 80,000 seasonal workers, a bold sign that spring is just around the corner and that the housing market remains strong
"Spring is really our Christmas," said Home Depot spokesman Stephen Holmes. "It's our holiday season."
Home Depot has been hiring about 80,000 …Home Depot
It's hard to name a category of start-ups that has struggled to produce big, billion-dollar exits more than e-commerce.
Competing with Amazon isn't easy, it turns out, and aspiring Davids have turned to ever more novel strategies to differentiate themselves from Goliath. The problem? Like anything …Amazon
Amazon is planning to open hundreds of physical bookstores, according to a large mall CEO who spoke to Dow Jones.Amazon
LONDON (Reuters) - Britain's fourth-largest supermarket operator Morrisons (MRW.L) on Sunday said it was cutting the price of more than 1,000 products, with an average drop of 19 percent across fruit and vegetable lines.
The firm said it was launching a rolling program of reductions that will see …Food (UK)
Because the mozzarella sticks weren't enough.
According to Brand Eating, macaroni and cheese cups have been spotted at one unidentified McDonald's location in Cleveland, Ohio. The mac n' cheese is being offered, for a limited time only, on the Happy Meal menu as an alternative to fries, or …Cheese
Walmart, Target, and Aldi are addressing a huge weakness — and it's turning into Whole Foods' worst nightmare
Big-box retailers and traditional grocery stores are expanding their organic food offerings, and that's bad news for Whole Foods.
Walmart, Target, Kroger, and Aldi have all been investing in more organic, gluten-free, and natural foods.
In response to the growing competition, Whole Foods has promised …Whole Foods
Apparently Uber's New Year's resolution was to prove it's more than just cars in 2016.
Uber on Thursday announced plans to begin making same-day deliveries in select U.S. cities for a host of notable brands and retailers, including Nordstrom, Rent the Runway, 1800Flowers, Cole Haan and Google …Nordstrom
There will be a store within a store.
Macy’s m is trying something new to win over the younger shoppers it so covets: an Etsy etsy shop in its gigantic Manhattan flagship store.
The department store, whose sales have languished in the last year, has been trying out new moves to bring in new customers …Etsy
Remember when the future of retail was online? Now it seems that online retailers have decided they can’t get by without bricks and mortar.
Amazon raised eyebrows in November when it opened its first brick and mortar extension – a bookstore in Seattle’s University Village. The online giant’s rise, …E-commerce
Amazon.com Inc.'s biggest quarterly profit and Wall Street's swift punishment for missing expectations overshadowed a trend that is worth keeping an eye on.
Shipping expenses rose again in the fourth quarter, and by a wider margin than many analysts expected. Overall shipping costs during the …Amazon
Wal-Mart Stores Inc. closed about 150 U.S. stores this month, due in part to rising competition from online retailers. The largest of those Web rivals, Amazon.com Inc., is reaping benefit thanks to some eager resellers.
Deep discounts at Walmart locations drew shoppers like 22-year-old Keith Yaple, …Amazon
World's second biggest fashion retailer counts the costs of currency swings
Hennes & Mauritz, the Swedish retail giant, warned that it sees no imminent relief from the strong dollar and discounting as it reported disappointing fourth quarter profits.
The world’s second-biggest fashion retailer makes …H&M
Circuit City may be making a comeback with an ambitious plan to open new stores by spring.
The national retail chain closed its doors in 2009 after doing business for 60 years. Ronny Shmoel bought the rights to the company from Systemax, according to trade magazine Twice.
Now the two are planning to …
Sears Holdings (NASDAQ:SHLD) has posted an unending string of sales declines and losses over the past five years. Despite this consistently poor performance, Sears has managed to stay afloat by selling and spinning off a variety of subsidiaries to generate cash.
SEARS' NET INCOME AND SALES TRENDS. …Sears
Amazon missed analysts' estimates for the fourth quarter despite posting a 21.8% rise in sales and record profits.
Net sales rose to $35.75bn, which was about $200m short of Wall Street predictions.
That was enough to send shares tumbling more than 13% in after-hours trading in New York.
Annual net …Amazon
Over the last few months, we've seen multiple reports about Amazon possibly taking steps to build its own delivery and logistics business, across truck trailers, air flights, and ocean freights.
Some reports even said that Amazon is secretly putting together a team to spearhead the initiative, …Amazon
It's hard to say no to free shipping
About half of all Amazon’s American customers now subscribe to the online giant’s annual Prime service, with 14 million new members joining in 2015, according to new estimates from Consumer Intelligence Research Partners.
The new estimate pegs the total number of …Amazon
Retailers are under the gun these days, as technology and e-commerce disrupt many aspects of the business and the consumer, with plenty of anxiety …Ralph Lauren
Analysts hope to finally get hard numbers about Amazon’s subscription business.
Amazon is notoriously tight-lipped when it comes to sharing numbers about its businesses. For example, it took the e-commerce giant nearly 10 years to reveal the revenue for its cloud business, Amazon Web Services.
By most accounts, holiday retail sales were a letdown. While retail sales climbed 3.3% over November and December, stores reported a 6.4% drop in foot traffic.
So even though people might have spent a bit more, they were choosy in where they spent.
When customers spend less, companies earn less, …Amazon
Paula Schneider has had a hell of a first year as CEO of American Apparel.
When she joined the L.A.-based casual clothing retailer in January 2015, the company’s founder Dov Charney had just been ousted following an internal misconduct investigation.
In the twelve months since, she’s been trying to …American Apparel
FAIRFIELD, Ala. (AP) — Wal-Mart's decision to shutter 154 stores across the country means that, starting Thursday, residents without cars in a neighborhood near a historically black college outside Birmingham, Alabama, will have to cross dangerous roadways on foot to get fresh produce and meat. …Food
DAVOS, Switzerland (Reuters) - Bulgari is investing more than ever in China, aiming to tap in to the growing reluctance of Chinese shoppers to buy abroad due to security fears, stricter customs checks and a devaluation of its currency.
The world's third-largest watch and jewelry brand, part of …Luxury Lifestyle