Bed Bath & Beyond picks Target CMO for CEO post | Amazon Go sets a course for nontraditional retail venues | Target names new chief financial officer
October 10, 2019
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Bed Bath & Beyond picks Target CMO for CEO post
Bed Bath & Beyond picks Target CMO for CEO post
Tritton (John Lamparski/Getty Images)
Bed Bath & Beyond has hired Target Chief Merchandising Officer Mark Tritton as its new CEO effective Nov. 4. Tritton worked at Nordstrom before joining Target in 2016, and led the creation of new private-label brands that were a key part of successful efforts to turn around Target's sales.
The Wall Street Journal (tiered subscription model) (10/9),  BNN Bloomberg (Canada) (10/9) 
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Industry Watch
Amazon Go sets a course for nontraditional retail venues
Amazon Go sets a course for nontraditional retail venues
(Stephen Brashear/Getty Images)
Amazon Go's move into airports will mean major changes on the horizon for retail, and stores will likely begin appearing in new places like apartment complexes. The company's checkout-free technology is anticipated to scale up for businesses like supermarkets and become a necessity for future retail operations.
Forbes (10/10) 
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Target names new chief financial officer
Target names new chief financial officer
(Justin Sullivan/Getty Images)
Target has promoted Michael Fiddelke to the post of executive vice president and chief financial officer, succeeding Cathy Smith. Fiddelke worked at Deloitte Consulting before joining Target more than 15 years ago, and his roles at the retailer have included posts in operations, finance, merchandising and human resources.
CNBC (10/9) 
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Vitamin Shoppe stresses beauty in store remodels
Vitamin Shoppe is unveiling a new store design at its location in Edgewater, N.J. -- the first of six stores slated for remodels. The new layout features prominent displays of beauty products and beauty supplements, with the goal of appealing to women shoppers who comprise 53% of the retailer's customer base.
Glossy (tiered subscription model) (10/10) 
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Other News
Retail Trends
Lululemon wins more teen fans with athleisure styles
Lululemon wins more teen fans with athleisure styles
(Stuart C. Wilson/Getty Images)
Lululemon Athletica rose from 11th to seventh place on the list of most popular fashion brands among teens in the latest "Taking Stock With Teens" survey from Piper Jaffray. The rise reflects an ongoing shift in preferences from preppy to athleisure styles, and comes as Lululemon enters the footwear category.
Footwear News (10/9) 
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Uniqlo sibling GU finds fans with experimental fashion
Japan-based Uniqlo parent Fast Retailing has seen success with its GU fashion brand, which is experimental in style and aimed at younger consumers. The concept has grown in Japan and expanded into Hong Kong and Taiwan.
Bloomberg (tiered subscription model) (10/9) 
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Furniture retailer RH adds upscale eatery in Minn.
Furniture retailer Restoration Hardware has created a rooftop restaurant at its store in Edina, Minn., with an upscale menu and decor that reflects the retailer's high-end furniture offerings. It's the fourth restaurant for Restoration Hardware, also known as RH, whose design stores are called "galleries."
Star Tribune (Minneapolis-St. Paul, Minn.) (tiered subscription model) (10/9) 
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Retail Technology
Dollar General rolling out click-and-collect pilot
Dollar General rolling out click-and-collect pilot
(Justin Sullivan/Getty Images)
Dollar General will pilot a new service in the coming months that will allow shoppers to order online and pick up their items at select stores. Around 45% of the company's customers use digital tools while shopping and spend twice as much as the average customer.
The Wall Street Journal (tiered subscription model) (10/9) 
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NRF News
Halloween shopping trends: Then and now
Long gone are the days when Halloween was just for kids. Today's Halloween shoppers are older, influenced by social media (especially Pinterest) and love to dress up their pets (pumpkin costumes lead the pack). See other ways shopping behavior around Halloween has evolved over the last decade. Learn more.
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NRF SmartStat: Oct. 10, 2019
About 80% of parents wish retailers made it easier to involve their children in purchase decisions, and 85% are more likely to shop at a retailer that does. Source: NRF Consumer View Fall 2019.
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Retail imports surge ahead of tariff escalation
Imports at the nation's major retail container ports are expected to hit their highest level of the year again next month just before more tariffs take effect in December, according to the Global Port Tracker report from NRF and Hackett Associates. A total of 1.97 million containers came into US ports just before September tariffs took effect, and the same number is expected in November. Read more.
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Chain Restaurant News
Newk's creates new footprint to cater to off-premises demand
Newk's Eatery has created a smaller footprint for new stores and launched a program to remodel all units over the next 18 months. The new design reflects growing consumer demand for off-premises dining, with about 20% fewer seats and separate pickup areas for to-go orders, CEO and founder Chris Newcomb said.
Restaurant Business online (10/9) 
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