Tru Kids Brands chose Target as the e-commerce partner for its online retail relaunch of Toys R Us because Target already has the toy assortment and fulfillment capabilities necessary for success. "Essentially, it's almost like Target acquired some of the assets of the Toys 'R' Us brand without having to spend a penny," GlobalData Retail Analyst Neil Saunders said.
Germany-based discount supermarket chain Lidl will start offering medical benefits to its 1,200 part-time employees in the US next year, the company said. Lidl has grown to 70 stores in nine states since opening the first location in 2017.
Target will expand its small-format urban concept to Boston with plans to open an 11,000-square-foot location in the Beacon Hill neighborhood. The retailer, which will open 30 of the smaller-footprint locations this year, hasn't released an opening date for the Boston store.
Champion Sportswear, which turned 100 this year, expanded into footwear last year in partnership with licensee BBC International. The deal combined the expertise of both companies, and Champion eventually hopes its sneakers are competitive with global brands like Nike and Adidas, said Clardy Palacios, Champion's senior licensing manager of activewear.
Kohl's has seen more customer traffic since it began accepting Amazon returns at its stores, and up to 80% of customers making returns are sticking around to shop, CEO Michelle Gass said. "This Amazon partnership, while maybe an unexpected move, really does take advantage of the assets of the company. We gain the traffic, Amazon creates a great customer experience," she said.
Online fashion retailers struggle to grow profits as they scale up to meet growing demand, and opening brick-and-mortar stores could be a solution. Retailers like Zara make omnichannel work by offering click-and-collect options and in-store returns of online purchases, which cut shipping costs.
The US consumer seems to be in good shape and ready to spend this holiday season, Dick's Sporting Goods CEO Ed Stack said. "Our business is really good....What we see, we're pretty excited about it," he said.
The NRF Foundation Honors on Jan. 12 in New York City will bring retail executives together to celebrate the people who are shaping the industry and recognize the next generation of student talent. For the sixth year, the event will raise funds to support the Foundation's philanthropic efforts, including thousands of dollars in student scholarship awards and the NRF Foundation Student Program at Retail's Big Show. Learn more.
When James Mullan, former senior vice president for global innovation at GDR Global Intelligence, spoke at the NRF PROTECT conference, he covered a new rubric of retail: changing consumer expectations, an enhanced customer experience and a new paradigm for loss prevention. "The traditional role of physical retail as the key mediator has fragmented," Mullan said. Read more from NRF's STORES magazine.
Starbucks will open its largest Reserve Roastery location in Chicago next month, in a 43,000-square-foot former Crate & Barrel store. The four-story store will feature on-site bean roasting, exclusive Chicago-inspired beverages and a full kitchen offering pizzas, salads and desserts from Italian bakery Princi.