Ikea is planning to open its first city center store in the U.S., marking what the company said is its ongoing transformation and commitment to bring the retailer into the heart of urban areas. The “Ikea Planning Studio” is slated to open in Manhattan in spring 2019.
One Kings Lane, a division of Bed Bath & Beyond, recently opened its first New York City store in a landmark building set amid Manhattan’s trendy Soho neighborhood as a location where it could interact directly with Big Apple shoppers.
A hedge fund run by Sears Holdings chairman Edward Lampert and Cyrus Capital Partners are reportedly working together to prepare a bid to take over the bankrupt retail chain.
Ace Hardware pointed to strong new store growth and its e-commerce initiatives in reporting an increase in revenues during the third quarter.
Pressured by freight and other cost increases, Dollar Tree managed to grow its net sales and income, although comps slipped at the company’s Family Dollar banner.
While the issue of tariffs has been much discussed throughout 2018, retailers and housewares product suppliers have expressed concern about their potential impact on consumer buying habits.
So, just what does tick off consumers shopping for the holidays?
With initial reports indicating that holiday shopping over the Thanksgiving holiday weekend into Cyber Monday was strong, it appears that housewares played a key role in the positive sales momentum in stores and online.
For the five-day shopping period from Thanksgiving Day through Cyber Monday, Wayfair said it has achieved a 58% increase year over year in direct retail gross sales, defined as dollars of order intake, on products including home furnishings and housewares.
The Thanksgiving weekend period was busy, particularly cold in some places, and productive from a retail perspective, market research firms analyzing sales data and at least one key retailer already have reported.
As it continues to expand and open more stores beyond its rural community base, Dollar General is eyeing a new urban store concept dubbed DGX, according to a recent Bloomberg article.
In the spirit of “Giving Tuesday,” Kohl’s said it will award $3.2 million in grants to more than 300 nonprofit organizations across the country that work to improve the health and wellness of children and families as part of its national giving program, which is an extension of the company’s ongoing commitment to health and wellness.
Kroger and Ocado, an online grocery retailer, have selected the Cincinnati region for the partnership’s first high-tech customer fulfillment center (CFC).