REI's new Wash. HQ to include public retail space | GameStop to shutter 150 stores, open 35 collectibles shops | Lundgren gala raises $4.5M for fashion, retail education
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March 24, 2017
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REI's new Wash. HQ to include public retail space
REI's new Wash. HQ to include public retail space
(M.O. Stevens/Wikimedia Commons)
Outdoor retailer REI has unveiled plans for a new 400,000-square-foot Bellevue, Wash., campus that would include public retail space and a fitness center as well as the co-op's headquarters. REI has 1,400 employees working at five offices in the area, and it aims to open the new campus in 2020.
The Seattle Times (tiered subscription model) (3/23) 
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Industry Watch
GameStop to shutter 150 stores, open 35 collectibles shops
GameStop to shutter 150 stores, open 35 collectibles shops
(Ethan Miller/Getty Images)
Video game retailer GameStop has announced that it will close at least 150 stores this year and focus more on non-game product categories as physical game sales continue to shift to digital downloads. GameStop's sales of collectibles grew 59.5% last year, and the retailer intends to open 35 new collectibles stores in 2017.
The Wall Street Journal (tiered subscription model) (3/23) 
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Lundgren gala raises $4.5M for fashion, retail education
Lundgren gala raises $4.5M for fashion, retail education
Lundgren (Jamie McCarthy/Getty Images)
Celebrities from the fashion and entertainment worlds celebrated outgoing Macy's CEO Terry Lundgren at a gala Wednesday that raised more than $4.5 million for the FIT Foundation and the University of Arizona's Terry J. Lundgren Center for Retailing. "He's always been there from the beginning of my career," designer Vera Wang said.
Women's Wear Daily (subscription required) (3/23) 
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NRF: Late Easter to fuel 6% rise in spending
NRF: Late Easter to fuel 6% rise in spending
(Mario Tama/Getty Images)
US consumers are expected to spend about $18.4 billion on food, gifts, clothing and other items for Easter this year, 6% more than last year, according to a survey from NRF. "Most consumers have almost an entire extra month to shop for Easter this year, and by the time the holiday comes the weather should be significantly warmer than last Easter," NRF President and CEO Matthew Shay said.
CBS News/Philadelphia (3/23) 
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Retail Trends
Retailer's influencer campaign aims to draw foot traffic
Retailer's influencer campaign aims to draw foot traffic
Panosian (Frazer Harrison/Getty Images)
Fekkai Brand joined with social media star Teni Panosian to draw foot traffic to its flagship store on Fifth Avenue in New York City. Panosian's posts about the event sparked 12,000 likes within just 12 hours, and the brand is giving out free samples, gift certificates and a code for a special product bundle as part of the promotion.
Los Angeles Times (tiered subscription model) (3/23) 
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NRF, FMI to join forces on loss prevention
NRF and the Food Marketing Institute will work together next year to host Protect, a cross-industry event in Dallas focused on risk avoidance and loss prevention. "We are enthusiastic to amplify the sphere of influence of this gathering and ultimately help deliver the resources and information necessary to safeguard, prepare, protect and defend the nation's commerce streams," NRF President and CEO Matthew Shay said.
Progressive Grocer (3/22) 
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Retail Technology
Amazon, Flipkart to launch in-store smartphone sales in India
Amazon logo
(David McNew/Getty Images)
Amazon and Flipkart are partnering with several smartphone brands to sell their gadgets in India, and the e-commerce sites are poised to expand sales to brick-and-mortar stores, sources said. The goods and services tax set to take effect July 1 is expected to reduce the price difference between online and in-store sales.
The Economic Times (India) (3/20) 
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Policy and Government Affairs
NRF CEO talks retailers' positions on AHCA, BAT
Retailers support the American Health Care Act while recognizing it's not a perfect bill, NRF President and CEO Matthew Shay said. In this interview, he also explains the industry's concerns that a proposed border adjustment tax will raise costs for retailers and prices for consumers.
Bloomberg (3/23) 
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NRF News
3 generations of top-notch customer service and products
Debbie Schaeffer is the third-generation owner of Mrs. G, a New Jersey-based independent home appliance retailer that's been in business for more than 80 years. STORES magazine spoke with Schaeffer about the company's strong tradition of customer service and community support and about refreshing the business for the next generation of home appliance shoppers. Read more.
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NRF SmartStat: March 24, 2017
Americans celebrating Easter plan to spend an average of $152 per person, up 4% from last year's previous record of $146. Source: Prosper Insights via NRF.
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Super Bowl jersey found, but piracy still an issue
In the wake of Tom Brady's stolen jersey saga, STORES Magazine highlighted Red Points, a company dedicated to combating online counterfeit and piracy as part of its top retail trends story last month. The story has been updated now that Brady's Super Bowl jersey has been recovered, but it sparked a telling conversation on stolen and counterfeit merchandise. Read more.
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Chain Restaurant News
Anthony's Coal Fired Pizza maps a Midwest growth plan
Florida-based Anthony's Coal Fired Pizza will expand into the Midwest this year, with eateries planned to open in four Chicago suburbs. The chain launched in 2000 and has grown to about 60 East Coast restaurants.
Chicago Tribune (tiered subscription model) (3/23) 
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