Another chapter in the ongoing Bed Bath & Beyond saga of reinvention has been written with the hiring of former Target executive Mark Tritton as the home specialty store’s new president/CEO.
A Coresight Research Insight Report asserts that major retailers in the U.S. have announced 7,567 store closures so far this year compared with 5,524 stores all of last year, but it isn’t all bad news.
As retailers continue to mesh together their brick-and-mortar and digital operations, a growing number of consumers are utilizing click-and-collect programs (buy online-pickup in-store) now offered by many leading chains, according to a survey from the International Council of Shopping Centers (ICSC).
Since this still-young century commenced, the onrush of e-commerce has commanded the attention of the retail industry, and housewares and home furnishings categories, but 2019 may mark a turning point in the prospects of the physical store as new ideas applied to brick-and-mortar operations offer consumers fresh and frequently intriguing propositions.
Target plans to triple the number of remodels it will execute this year with the focus on a $250 million initiative in 28 Minneapolis/St. Paul locations, part of an effort to reconstitute more than 1,000 stores across the U.S. by the end of 2020.
Euclid Analytics, in its “Evolution of Retail, 2017 Men vs. Women Shopper Report,” asserted that, although gender-based differences in mobile engagement exist, both men and women demonstrate a lack of enthusiasm for a store run solely by technology.
As it plans a modernizing 500-location remodeling program for 2018 and 2019, Target Corp. has unveiled design elements for what the company characterized as its most ambitious store redesign to date. The redesign will be showcased at a store in the Houston suburb of Richmond near Grand Parkway Southwest this October.
Wal-Mart Stores plans to close 269 stores in the United States and in international markets. The company said it plans…