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.
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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.
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.
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.
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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.
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.
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.
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.
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.
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.
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.