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September 30, 2014

By R.J. Carver, Corporate Development Associate, Plug and Play Tech Center

September 29, 2014

While retailers have collected years of customer data, only 9% are leveraging the information in a structured, usable way, according to HRC Advisory, a leading strategic retail advisory firm and unit of Hilco Global.

Chicago -- While retailers have collected years of customer data, only 9% are leveraging the information in a structured, usable way, according to HRC Advisory, a leading strategic retail advisory firm and unit of Hilco Global. The finding is part of HRC’s latest retail industry study, which found that outdated organizational structures and processes, non-integrated IT platforms and a lack of a clear roadmap are major barriers preventing customer data in enabling a retailer’s omnichannel efforts.

September 26, 2014

Imagine it’s a breezy Friday morning and tonight is your nephew’s birthday party. It’s completely slipped your mind, and there just isn’t time in your day to go shopping. But you don’t panic because this solution is routine. You go online, find the hottest toy, and hit Amazon Prime Air. Not too long after, a small “Octocopter” touches down on your doorstep to save your day.

September 26, 2014

Aussie apparel brand Cotton On is as much about fun-fashion as it is about fast-fashion. The Geelong, Victoria-based brand operates more stores in the United States (124) than Zara and Uniqlo combined, and is an international behemoth with more than 1,300 stores operating globally under 10 different banners, including the 522-unit Cotton On, Cotton Body, Cotton On Kids, FREE by Cotton On and Rubi Shoes.

September 23, 2014

RadioShack Corp. has reportedly so far been unsuccessful in its efforts to convince an unidentified ‘major vendor’ to modify a commercial agreement in a way that could benefit a financial restructuring.

Fort Worth, Texas – RadioShack Corp. has reportedly so far been unsuccessful in its efforts to convince an unidentified ‘major vendor’ to modify a commercial agreement in a way that could benefit a financial restructuring. According to the Wall Street Journal, RadioShack still has not identified the vendor or exactly what terms it wants to restructure, but has been negotiating with wireless carriers including AT&T and Sprint to ease the terms under which the retailer is allowed to resell equipment.

September 22, 2014

Beleaguered consumer electronics chain RadioShack Corp. said is in talks with an unidentified “major vendor” about modifying a commercial agreement in a way that could benefit a financial restructuring.

Fort Worth, Texas – Beleaguered consumer electronics chain RadioShack Corp. said is in talks with an unidentified “major vendor” about modifying a commercial agreement in a way that could benefit a financial restructuring. But the retailer said there can be no assurances" that talks will prove fruitful.

RadioShack announced the ongoing discussions in a Sept. 22 regulatory filing.

September 20, 2014

PayPal has released a version of its PayPal Here mobile payment card acceptance app and reader that is compliant with most major Android tablets.

San Jose, Calif. – PayPal has released a version of its PayPal Here mobile payment card acceptance app and reader that is compliant with most major Android tablets. The PayPal Here service itself had previously been available for Android smartphones, but not tablets.

The release primarily allows users of tablet-sized Android devices to now use PayPal Here to accept card payments. There are no major new features.

September 16, 2014

The Mills announced plans for a multimillion dollar renovation of Franklin Mills, the largest outlet and value retail shopping destination in the Philadelphia region.

Philadelphia -- The Mills announced plans for a multimillion dollar renovation of Franklin Mills, the largest outlet and value retail shopping destination in the Philadelphia region. The redevelopment will transform the center into a completely new shopping experience, and the name of the property has been changed to Philadelphia Mills to herald the transformation.

September 15, 2014

Johnny Rockets announced a new concept, called Johnny Rockets Route 66, which will take the form of four prototypes: drive-thru, drive-in, food truck and pop-up.

Aliso Viejo, Calif. -- Johnny Rockets announced a new concept, called Johnny Rockets Route 66, which will take the form of four prototypes: drive-thru, drive-in, food truck and pop-up. The first prototypes are to debut as early as fourth quarter 2014.

The drive-thru prototype is targeted for high volume, regional travel plazas located off major freeways and highways. It will range from 1,800sq. ft. to 3,300 sq. ft. and feature an optimized menu, digital projectors and technology to enhance the guest experience.
 

September 15, 2014

Commercial drones may be more practical and make the reality of a national infrastructure for same-day deliveries more possible for retailers.

By Christoph Stehmann, Pitney Bowes

Imagine that it’s a breezy Friday morning and tonight is your nephew’s birthday party. It’s completely slipped your mind, and there just isn’t time in your day to go shopping. However, you’re not stricken with panic, because this solution is routine. You go online, find the hottest toy, and hit Amazon Prime Air. You quickly hop in the shower, scarf down a breakfast, and on your way out the door, a small “Octocopter” is touching down on your doorstep to save your day.

August 26, 2014

Brentwood Associates, a consumer-focused private equity investment firm, has acquired Marshall Retail Group, a leading specialty retailer for high-foot-traffic marketplaces with locations in major casino-hotels and airports across the United States.

Los Angeles -- Brentwood Associates, a consumer-focused private equity investment firm, has acquired Marshall Retail Group, a leading specialty retailer for high-foot-traffic marketplaces with locations in major casino-hotels and airports across the United States. The company is led by CEO Michael C. Wilkins, who will continue to lead the business going forward.

August 26, 2014

Social media demonstrated the best cost-efficiency of all major online advertising channels in second quarter 2014, coming in at 70% below the industry average for cost and showing a 32% cost decrease quarter over quarter.

Sterling, Va. - Social media demonstrated the best cost-efficiency of all major online advertising channels in second quarter 2014, coming in at 70% below the industry average for cost and showing a 32% cost decrease quarter over quarter. According to the Q2 2014 Media Intelligence Report from Neustar Inc., social’s reach-efficiency was 286% better than the next channel, portals, and its ability to reach exclusive users (not seen in other channels) improved by 65% quarter over quarter.

August 21, 2014

Cushman & Wakefield has been appointed retail leasing agent for 100 Bloor Street West, a major shopping mecca in Toronto.

Toronto -- Cushman & Wakefield has been appointed retail leasing agent for 100 Bloor Street West, a major shopping mecca in Toronto. Currently occupied by Pottery Barn and Williams Sonoma, the flagship retail space represents the largest block of available space on Bloor Street in the past 20 years.

August 11, 2014

The Global Port Tracker report released by the National Retail Federation and Hackett Associates said that import volume at major U.S. container ports is expected to hit an all-time record in August.

Washington, D.C. -- The Global Port Tracker report released by the National Retail Federation and Hackett Associates said that import volume at major U.S. container ports is expected to hit an all-time record in August.
 
Retailers concerned about the lack of a West Coast longshoremen’s contract are rushing to bring holiday season merchandise into the country, according to NRF.

August 5, 2014

A city with a booming population, one of the nation’s lowest unemployment figures, and an expanding presence on the national and international stage, Houston, Texas is on this rise.

By Jason Baker and Kenneth Katz

July 29, 2014

Households with school-aged children (pre-school through 12th grade) plan to spend more this year on back-to-school necessities with a predicted increase of 9 % for an average spend of $655, according to the 15th annual survey conducted by Brand Keys.

New York - Households with school-aged children (pre-school through 12th grade) plan to spend more this year on back-to-school necessities with a predicted increase of 9 % for an average spend of $655, according to the 15th annual survey conducted by Brand Keys.

Average anticipated spending in all major back-to-school categories reflect higher levels from 2013:

Clothing: $348 (+16%)
Shoes (athletic & dress) $127 (+15%)
Supplies $ 89 (+13%)
Computers/Electronics/
Tablets/Smartphones: $213 (+12%)

July 22, 2014

Food is a major driver of the American urban experience.

Boston - Food is a major driver of the American urban experience. According to a new survey of residents of six major U.S, cities by design firm Sasaki Associates, 82% of urbanites appreciate their city's culinary offerings, and a new restaurant is the top reason the majority of them (46%) would venture to a new part of their city.

July 17, 2014

PizzaRev franchisee group Away We Dough, Inc. is opening Utah’s first PizzaRev – a build-your-own artisanal pizza concept with roots in Southern California.

Salt Lake City -- PizzaRev franchisee group Away We Dough, Inc. is opening Utah’s first PizzaRev – a build-your-own artisanal pizza concept with roots in Southern California.

The new West Valley restaurant is the first of five franchise locations planned to open in Utah in the next six months.

Away We Dough is part of William Tell, Inc. based in Salt Lake City, which owns and operates 18 Applebee’s and eight Famous Dave’s in Utah and Washington.

July 16, 2014

Capri Capital Partners has formed Capri Retail Advisors, an affiliate that will focus on retail opportunities in underserved and evolving retail trade areas in strategically selected major U.S. metropolitan markets.

Chicago — Capri Capital Partners has formed Capri Retail Advisors, an affiliate that will focus on retail opportunities in underserved and evolving retail trade areas in strategically selected major U.S. metropolitan markets.

July 16, 2014

Esri announced the next generation of its Tapestry Segmentation system, which reflects a decade of analysis of major U.S. events such as the housing boom of the early 2000s and its long-term impacts on the U.S. population.

Redlands, Calif. — Esri announced the next generation of its Tapestry Segmentation system, which reflects a decade of analysis of major U.S. events such as the housing boom of the early 2000s and its long-term impacts on the U.S. population.

July 9, 2014

Wolfson Group will launch a redevelopment of Hilltown Crossings, a community shopping center with a gross leasable area of 354,458 sq. ft., located on Route 309 at Orvilla Road in Hatfield, Pennsylvania.

Plymouth Meeting, Pennsylvania — Wolfson Group will launch a redevelopment of Hilltown Crossings, a community shopping center with a gross leasable area of 354,458 sq. ft., located on Route 309 at Orvilla Road in Hatfield, Pennsylvania.

July 3, 2014

Forty-three percent of consumers planning to purchase apparel for the July Fourth holiday will shop at online stores.

Palo Alto, Calif. – Forty-three percent of consumers planning to purchase apparel for the July Fourth holiday will shop at online stores. According to a new survey from fashion site Snapette, other popular Independence Day apparel destinations will be major department stores (28%), discount stores (16%), local boutiques (10%), and party stores (3%).

June 27, 2014

Mobile will continue to play a significant and dominating role in online shopping this holiday season.

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June 25, 2014

Juicy Couture is closing its U.S. stores as it makes plans to debut a new retail store format in key high-traffic locations, including New York City, Los Angeles and Vancouver, in early 2015.

New York -- Juicy Couture is closing its U.S. stores as it makes plans to debut a new retail store format in key high-traffic locations, including New York City, Los Angeles and Vancouver, in early 2015. The company expects to open 127 stores and in-store shops during the next five years in major cities across the globe.

June 20, 2014

Major multinational retailers such as Starbucks and Apple will have to start paying higher taxes in Europe, thanks to a move by the European Union (E.U.) to end certain tax breaks it has now defined as “state aid,” which is prohibited by E.U. bylaws.

Brussels – Major multinational retailers such as Starbucks and Apple will have to start paying higher taxes in Europe, thanks to a move by the European Union (E.U.) to end certain tax breaks it has now defined as “state aid,” which is prohibited by E.U. bylaws. These breaks, which member nations including Ireland, Luxembourg, and Netherlands have used to allow some types of profit to be classified as tax-deductible debt, had come under fire from other E.U. nations and the U.S.