Several recent reports point to a strong back-to-school shopping season as retailers create experiences that draw shoppers into stores. "[P]eople are shopping and they are responding positively to the new structures retailers have deployed and in the way they're being engaged," NRF President and CEO Matthew Shay says.
Brixmor Property Group has indicated that it wants to redevelop Greenfield Spring Mall in Wisconsin to better meet the community's needs. The property, which is about two-thirds empty, features a T.J. Maxx anchor.
Plans to renovate Northgate Mall in Seattle include removing about half of the retail space to add office buildings, a park and 1,200 apartments, per information revealed in a public meeting. The project is in a development phase and is designed to look similar to a small city next to a light rail station.
The Standing Rock Sioux Tribe has received a $50,000 grant from the US Department of Agriculture Office of Rural Development for the design of a retail center in Fort Yates, N.D. The grant will be matched with one from the tribe itself to design the new property.
Walmart has teamed with Ellen DeGeneres to launch a women's clothing line dubbed EV1, with 60 pieces set to roll out at Walmart stores and online next month. The collection of denim, sneakers, graphic T-shirts and purses debuts as Walmart gears up to compete with Amazon and Target on private-label apparel.
Steak 'n' Shake plans to sell each of its 401 company-owned restaurants to new single-unit franchisees for a $10,000 initial fee, said Sardar Biglari, CEO of parent Biglari Holdings. "We are seeking to harness the power of entrepreneurs and to create a company of owners," he said.
Gerber Childrenswear is touting its new organic cotton Essentials baby line sold at Target and Walmart with a digital campaign targeting millennial parents. The push includes YouTube ads, pre-roll video on mobile and desktop, and Spanish-language spots.
Dover Street Market just opened its sixth multibrand fashion boutique in an industrial part of Los Angeles, a continuation of the retailer's trend-bucking strategy. Launched by the heads of fashion house Comme des Garcons in London 14 years ago, the concept melds streetwear and high fashion in a manner one of the founders dubbed "beautiful chaos."