Nike's latest concept marries personal, digital shopping | How Best Buy solidified its status as a tech giant | Blockbuster to shutter Alaska stores, leaving one in US
July 13, 2018
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Nike's latest concept marries personal, digital shopping
Nike's latest concept marries personal, digital shopping
(Getty Images/Getty Images)
Nike has opened a new concept store called Nike by Melrose in West Hollywood, Calif., that combines digital shopping with personalized services. The concept, dubbed Nike Live, uses customer preferences collected through its NikePlus app to curate merchandise selection, includes customized shopping features like the Nike Sneaker Bar and targets shoppers who like to exercise in style.
Los Angeles Times (tiered subscription model) (7/12),  Women's Wear Daily (subscription required) (7/12) 
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Industry Watch
How Best Buy solidified its status as a tech giant
How Best Buy solidified its status as a tech giant
(Spencer Platt/Getty Images)
Best Buy, under the leadership of Hubert Joly, has turned its once-struggling business around and re-established itself as a major consumer electronics and technology supplier. The company has doubled online sales to $6 billion in the past five years, and service revenue was nearly $2 billion in Best Buy's fiscal year ending in January.
Minnesota Public Radio (7/12) 
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Blockbuster to shutter Alaska stores, leaving one in US
Blockbuster will close its two stores in Alaska on Monday, leaving the video rental retailer with one last US store, in Bend, Ore. The company, which operated 9,000 stores in the US and international markets in 2004, has steadily closed stores since filing for bankruptcy in 2010.
CNET (7/13) 
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Uniqlo parent, Shima Seiki look to make on-demand knitwear
Japanese companies Shima Seiki and Fast Retailing are deepening their partnership, which began in 2016, with plans to produce on-demand knitwear on a wider scale. Fast Retailing subsidiary Uniqlo currently sells knitwear products made by Shima Seiki.
Reuters (7/13) 
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Retail Trends
NRF: Back-to-school shopping to total $82.8B this year
NRF: Back-to-school shopping to total $82.8B this year
(Joe Scarnici/Getty Images)
Back-to-school spending is expected to hit $82.8 billion this year, with $27.5 billion being spent on students from kindergarten through high school and $55.3 billion on students heading to college, according to this year's survey from NRF and Prosper Insights and Analytics. Clothing and electronics are expected to be the biggest categories for spending this year, with most shoppers heading to department stores, online retailers and discount stores.
Akron Beacon Journal (Ohio)/Columbus Dispatch (7/12) 
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Aerie uses social to spotlight women with health issues
Aerie uses social to spotlight women with health issues
(Mike Kalasnik/Flickr)
Aerie continues its #AerieREAL push with ads showing a variety of women with chronic illnesses, including diabetes, vitiligo and fibromyalgia. The women in the recent ads were chosen after responding on social media with photos and stories about themselves.
Adweek (tiered subscription model) (7/12),  USA Today (7/12) 
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Retail Technology
Target Techstar startup raises funds to update supply chain
Target Techstar startup raises funds to update supply chain
(Scott Olson/Getty Images)
Supply chain technology startup Inspectorio has raised $10 million in a funding round that included Target and Ecolab. Inspectorio, which will use the funds in its work to improve and update the retail supply chain, is an alum of Target's Techstars accelerator program.
Star Tribune (Minneapolis-St. Paul, Minn.) (tiered subscription model) (7/12) 
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NRF News
Glossier, Knot Standard, Wayfair, Neiman Marcus to speak at
NRF's conference will bring together some of the hottest names in the industry this fall to discuss the trends and technology shaping the future of retail. Attendees will hear from Intel, Etsy, Forrester, eBay, Shiseido, Google, Snapchat and other companies at the event, which will be held Sept. 12-14 in Las Vegas. See the speakers.
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NRF SmartStat: July 13, 2018
Back-to-college shoppers plan to spend an average of $942.17 this year. Source: NRF.
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NRF's theBoardlist partnership helps women be discovered in board searches
NRF members now have access to theBoardlist, a program designed to expand the network of board-ready women to help achieve more balanced corporate governance. A recently announced partnership gives female executives the opportunity to be discovered in board searches from private and public companies across the country. Learn more and apply.
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Chain Restaurant News
McDonald's rolls out retro swag to celebrate Global McDelivery Day
McDonald's rolls out retro swag to celebrate Global McDelivery Day
(Justin Sullivan/Getty Images)
McDonald's will team with Uber Eats on July 19 to bring back Global McDelivery Day across six continents. Customers who order more than $5 worth of food will receive a free '90s themed memorabilia item, which include socks, pins and T-shirts.
Forbes (7/12) 
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