Book distributor Readerlink will submit a bid to acquire Barnes & Noble for a higher amount than hedge fund Elliott Management's $475 million cash offer for the bookseller, sources said. If the bid comes through, Readerlink would likely submit it before midnight on Thursday.
Q&A: Plotting a course for the perimeter of the future Growing demand for fresh foods is driving growth in the perimeter of the store, which presents opportunities and challenges for retailers. Read the Q&A with Acosta Senior Vice President, Fresh Foods Bryan Chartrand to learn how retailers can cater to consumers' evolving tastes and what the perimeter department of the future will look like.
Amazon will open a second Amazon Go store in New York City Tuesday, a month after opening its first Manhattan location. The cashierless concept has grown to 13 stores, and the e-commerce giant is reportedly planning to open as many as 3,000 by 2021.
Richard Baker, executive chairman of Hudson's Bay Co., and other company shareholders placed a bid on Monday to take the Canada-based retailer private. Hudson's Bay, which owns Lord & Taylor and Saks, has struggled with declining sales and strong competition from online retailers.
Nordstrom tapped Seattle chefs and restaurateurs Ethan Stowell and Tom Douglas to open three restaurants inside its New York City flagship store, scheduled to open in October. The store will have six restaurants and bars offering a range of fare from pizza to craft cocktails.
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Discount chains are prospering, with Dollar General on track to open 975 new locations this year. Along with Dollar General, Dollar Tree, Family Dollar, ALDI and Five Below are the retailers opening the most stores in 2019, according to Coresight Research.
Green Growth Brands has teamed with Brookfield Properties to open stores selling CBD-infused products at more than 70 Brookfield malls in 2019. Earlier this year the Ohio-based cannabis company announced plans to open 108 stores in malls owned by Simon Property Group.
Target is developing a blockchain solution to manage its supply chain called ConsenSource. To that end, the company has promised to support the Hyperledger Grid project, which is already in use by companies including Cargill and Intel.
Retailers look to get more value out of customer loyalty programs with revamped efforts that boost perks to members and improve on the ability to analyze customer data in useful ways. Retailers like Ulta Beauty, where members generate the lion's share of sales, are using data to better target messaging and promotions and to personalize the experience.
Executing truckloads on a client's behalf is a process freight brokers have done for decades, typically via phone or email. Transfix upends that process by connecting truck drivers with shippers via an app. Drivers wait less and drive empty less, helping companies like Target, Unilever, Barnes & Noble Booksellers and Anheuser-Busch increase visibility into truckload shipments, gain data insight and reduce costs. Read more from NRF's STORES magazine.
The best-selling book "Crazy Rich Asians," which begat the 2018 hit film, has nudged retailers to laser-focus on engaging with young, luxury-loving Asian and Asian American consumers. The best way to reach Asia's young luxury consumers is via data-driven advertising, according to Susan Vobejda, CMO of digital media firm The Trade Desk. Read more of Vobejda's insights on the future of programmatic advertising in STORES magazine. Read more.
Krispy Kreme will open a 4,500-square-foot flagship store in New York City's Times Square early next year. The store will stay open round-the-clock and feature stadium seating for customers to watch the doughnuts being made.