Bed Bath & Beyond has launched a review of its banners, which also include Cost Plus World Market and Christmas Tree Shops, as part of a larger turnaround strategy, interim CEO Mary Winston said. Plans also call for organization restructuring, cost-cutting moves and other efforts to boost sales, she said.
Ace Hardware has named Benjamin Moore as its primary paint supplier, a move expected to eliminate Sherwin-Williams from many Ace stores. Benjamin Moore will sell its namesake products at Ace stores and, later this year, will begin manufacturing Ace's private-label Clark+Kensington paint brand.
NRF has named Kohl's CEO Michelle Gass as the next recipient of its annual award "The Visionary." "Michelle has cultivated an environment at Kohl's where risk-taking is encouraged, which has never been more important than in today's dynamic retail environment," NRF President and CEO Matthew Shay said.
A growing number of retailers including Nordstrom, Walmart and Target are promoting sales and special offerings to compete with Amazon's planned two-day Prime Day event this month. The retailers are expected to use their brick-and-mortar stores to compete on shopping experiences and offer perks like next-day delivery.
Microsoft has opened its first European retail store today near the existing Apple flagship in central London. The three-story space includes a dedicated space for gamers that is set up with Xbox One consoles and other equipment needed to hold e-sports tournaments.
Dressing the entire family in matching outfits is a growing trend, and retailers from Target and H&M to Neiman Marcus and Saks Fifth Avenue are re-creating grownup fashions in kids' sizes. "We started with the holidays -- the Fourth of July, Father's Day, Mother's Day -- but now it's really become an everyday trend," said Andres Dorronsoro, an executive at Old Navy, which has expanded its matching family fashion lineup over the past two years.
5 Tips to Reduce Your Freight SpendAre you doing all you can to reduce your freight spend? It could be as simple as learning a few new tricks of the trade. Emerge President, Grant Crawford shares five strategies the experts use to save along with some insights on the benefits of utilizing a Private Freight Marketplace. Learn more.
United Supermarkets grocery chain, based in northwest Texas and New Mexico, is working with new delivery and website management software to handle its last mile delivery of groceries. The chain has 14 delivery locations where customers can order online and pick up within two hours, an operation that required overcoming major challenges. Read more in STORES magazine.
Consumers appreciate personalization as a perk of e-commerce, but to turn these initiatives into a viable business opportunity, companies need to find ways to scale their efforts, according to a new report from NRF and GfK. The report findings, which reveal consumers' needs, desires and concerns about targeting and personalization, will be presented during the NRF NXT conference in Las Vegas later this month. Read more.
Caribou Coffee will debut its first ready-to-drink product at its 300 company-owned coffee shops today. The line will launch with an 11.5-ounce canned black cold brew and grow later this year with the addition of two other flavors.