My Macy’s continues to localize store offerings.
The earnings report for Macy’s fourth quarter of 2012 came in better than expected. According to an article on Biz Journals, Macy’s Chief Financial Officer, Karen Hoguet, attributes part of their success with their localization efforts via My Macy’s.
Office Depot and OfficeMax Merge to Create $18B Company
It did not take long for the news of an Office Depot/OfficeMax merger to turn into a reality. The Board of Directors for both companies have agreed to an all-stock merger.
Could Google Open their own Retail Store by Year’s End?
According to an article on 9-to-5 Google, the search giant is planning just that. The goal is to have at least a few flagship stores open by the holiday season.
Is Walking into an Apple Store like Taking Prozac?
Apple CEO Tim Cook took time during his keynote address at the Goldman Sachs Technology and Internet Conference to talk about the future of Apple’s retail stores. The average Apple store receives 10 million visitors a week, as a result, some 20 stores are being shuttered and moved to larger locations.
Microsoft’s Surface Pro has been Released, but did Anyone Get One?
The new 128GB Surface Pro from Microsoft was released a few days ago, but it is already listed as sold out on their online store. This has raised questions about how many they had to begin with.
Starbucks makes Vietnam debut; sees potential there for ‘hundreds’ of cafes
Starbucks Coffee Co. on Friday opened its first location in Vietnam, following an expanded long-term relationship with Hong Kong Maxim’s Group.
Apple granted trademark for its store design
Apple Inc. has been granted a trademark from the U.S. Patent and Trademark Office for its store design. The trademark covers the furniture and fixtures, floors, lighting and shelves found in Apple stores, along with the “Genius Bar.”
Beatles’ Former London HQ Planned as Abercrombie Shop
The Beatles’ former London headquarters, where the band performed for the last time on the rooftop, may become an Abercrombie & Fitch Co. (ANF) store after planning authorities recommended the proposal over objections from retailers in the area.
Starbucks targets drive thrus for U.S. growth
More than half of the 1,500 new coffeehouse locations Starbucks Corp. plans to open in the United States over the next five years will be drive-thrus, company officials said Thursday in a first-quarter earnings call.
Wal-Mart issues ‘zero tolerance’ policy for global suppliers
Effective March 1, the retailer is implementing a “zero tolerance” policy for any supplier who subcontracts work to factories without the company’s knowledge, the Associated Press reported. Previously, Wal-Mart gave suppliers three chances to correct mistakes.
Walmart announces $450 million expansion in Canada
Walmart on Tuesday updated its plans for its Canadian division, saying that it plans to complete at least 37 supercenter projects in the country during the company’s next fiscal year (February 1, 2013 to January 31, 2014). The announcement comes a couple of months before Target Corp.’s spring launch of its stores in Canada.
6 Tips for Creating an Optimal Retail Store Layout
Mom-and-pop shop owners may not realize the impact that a retail store’s layout can have on sales. But studies show that a less-than-ideal arrangement of product displays, check-out and service counters, or aisles influences consumer behavior in subtle but powerful ways.
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