Toys R Us opened the first of two planned stores last week at the Westfield Garden State Plaza mall in Paramus, N.J. New owner Tru Kids Brands, which acquired the iconic toy brand's assets last year, was also slated to open a location in Houston on Sunday.
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Neuberger Berman Group-backed licensing firm Marquee Brands has made a bid to acquire the intellectual property, brand name and e-commerce operations of Destination Maternity for $50 million, according to bankruptcy court filings. Under the deal, Destination Maternity would close its remaining 235 brick-and-mortar stores.
De Beers has launched a line of synthetic diamonds and is working on a traceability system to guarantee the provenance of its natural stones. The moves come as the global diamond seller looks to ensure that diamonds remain a valuable purchase among US millennials and the rising middle class in Asia, CEO Bruce Cleaver said.
Softies President Tim Murphy was getting ready to pack up his samples at the end of a fruitless trade show when two scouts from O, Oprah Winfrey's magazine, turned up and started asking questions about his company's pajamas. Making Oprah's Favorite Things list that first year fueled the Minnesota-based company's takeoff, and growth has continued at the brand, which has landed on the list for the third time this year.
Preliminary estimates are showing that crowds turned out to shop on Black Friday, and many took advantage of pre-Thanksgiving deals. US consumers are expected to spend between 3.8% and 4.2% more this holiday season than last, according to NRF data, and more retailers are integrating technology and different fulfillment options to create innovative in-store experiences.
The Fifth Avenue Association worked with designer Mark Briggs to create holiday window displays in four empty storefronts on the famous New York City street. Briggs, who has designed windows for Saks Fifth Avenue and Harrods, designed winter scenes meant to evoke nostalgia for the holidays and old New York.
Wage increases and low unemployment are expected to drive shopper spending this holiday season, despite concerns about import tariffs. "We know that consumers are out and have already been shopping. That's a good indicator," NRF Chief Economist Jack Kleinhenz said.
What can the retail industry expect next year? NRF's STORES magazine has released its 2020 retail trends forecast and Editor Susan Reda joins the Retail Gets Real podcast to dig into the insights and trends that are shaping the future of retail. Read the STORES article and listen to the podcast.
In today's digital-first culture, physical retailers need to find opportunities to create in-store experiences that cannot be replicated online. At NRF 2020 Vision: Retail's Big Show in New York City in January, retail leaders from Drybar, American Girl-Mattel and FRCH NELSON will discuss the rise of micro-experiences and why these moments of in-store engagement can make a major impact on customers and brand loyalty. Learn more and register.
Chick-fil-A's holiday "Together Time" campaign include a pop-up shop in New York City's Times Square and a two-minute video that tells the story of a little girl who craves more time with her family. The promotion also includes an online Time Shop, where users can create and send holiday cards.