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Holiday shopping season off to record start
The Associated Press via ABC News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
It's estimated that U.S. shoppers hit stores and websites at record numbers over the Thanksgiving weekend, according to a survey released by the National Retail Federation. They were attracted by retailers' efforts to make shopping easier, including opening stores on Thanksgiving evening, updating mobile shopping applications for smartphones and tablets, and expanding shipping and layaway options. All told, a record 247 million shoppers visited stores and websites over the four-day weekend starting on Thanksgiving, up 9.2 percent of last year, according to a survey of 4,000 shoppers that was conducted by research firm BIGinsight for the trade group. More
Related story:
Retailers hail holiday shopping weekend as best ever (USA Today)

Cyber Monday deals likely to lead to busiest online shopping day
ABC News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Americans are returning to work today after the extended Thanksgiving weekend just in time for Cyber Monday, the biggest online shopping day of the year. Shoppers are expected to spend more than $1.5 billion today, up 20 percent from last year, according to research firm comScore. It has already been a big holiday weekend with a record $59.1 billion spent at U.S. stores and websites, according to the National Retail Federation. More

Walgreens restores historic Chicago building into flagship
Chain Store Age    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Walgreens unveiled its newest Chicago flagship, in the historic Noel State Bank building in the city's Bucktown/Wicker Park neighborhood. This is the chain's second flagship in Chicago and, like its downtown State and Randolph flagship location, features an extensive collection of innovative offerings, products and services unexpected from a drugstore. The store preserves the architectural integrity of the historic building, which was constructed in 1919. More

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The past and future of America's biggest retailers
NPR    Share    Share on FacebookTwitterShare on LinkedinE-mail article
It's an anniversary that most Americans can celebrate — the birthday of the big-box store. Discount shopping as we know it began 50 years ago. In 1962, enterprising retailers invented Wal-Mart, Target and Kmart. These stores changed the way we shop and the way we think about price. More

Store mannequins may be no dummies — they're spies
San Francisco Chronicle    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Store mannequins are meant to catch your eye. Soon you may catch theirs. Benetton and other fashion brands are increasingly deploying mannequins to watch over shoppers in their stores, deploying technology used to identify criminals at airports. Retailers are introducing the EyeSee, sold by Italian mannequin maker Almax, to glean data on customers much as online merchants are able to do. More

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DSW steps up growth plan
Retailing Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Leading footwear retailer DSW said it would open between 25 and 30 new stores next year, adding to an existing base of 364 units. The company disclosed its expansion plans in conjunction with the release of third quarter results that saw same store sales advance a hefty 6.1 percent and profits grow by double digits. Adjusted net income increased 17 percent to $46.6 million, or $1.02 per share, compared to $39.8 million, or $0.88 per share. More

Canadian shoppers wake up early for Black Friday
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Two hundred shoppers were in line to snag a free C$10 ($10) gift card as Toronto's downtown Eaton Centre opened at 6 a.m. (1100 GMT) on Friday, and some said they had been waiting for two hours. While the early bird crowd would have been a disappointment at any major U.S. shopping center, it was new for Canada, which celebrates Thanksgiving in October and usually sees its best sales after Christmas. More

Macy's Herald Square unveils new, high-tech shoe floor
Chain Store Age    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Macy's has unveiled the redesigned shoe department of its Herald Square flagship in New York City. Described as the "world's largest shoe floor," the 63,000-sq.-ft. space features more than 250,000 pair of women's shoes in an upscale environment. The new space is an integral component of the multi-year, $400 million renovation of Macy’s Herald Square. It has the intimate feel of a boutique shopping experience with specially designed LED lighting and custom architectural details unique to the signature style of each brand. More


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Fifth Avenue loses title as world's most expensive retail street
Retail Traffic    Share    Share on FacebookTwitterShare on LinkedinE-mail article
For the first time in 11 years, New York's Fifth Avenue has been knocked off its spot as the most expensive retail street in the world by Hong Kong's Causeway Bay. Commercial real estate services firm Cushman & Wakefield reports that rents for retail spaces on Causeway Bay rose 34.9 percent year-over-year, to $2,630 per sq. ft. In contrast, rents on Fifth Avenue rose only 11.1 percent, to $2,500 per sq. ft. That growth rate was below the average for the U.S. retail market overall, which posted a 16.3 percent year-over-year increase in rents. More

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The FTC Green Guides: What you need to know
GreenBiz    Share    Share on FacebookTwitterShare on LinkedinE-mail article
We've been asked a few times for our point of view on the new FTC Green Guides, and it essentially boils down to this: We’re thrilled that the FTC is working to make claims clearer for consumers (we see a tremendous amount of confusion in our studies about certain terms and claims), and we hope the FTC will go a bit further in the future. For instance, we’d love to see them tackle the term "natural," given the amount of consumer confusion we see about that. More

Technology making retailers more sophisticated
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Retailers who have stayed on the sidelines of technological adventurism may be losing out on more than just incremental revenue gains. They may be losing the chance to learn from their mistakes. More

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Dubai tourism and retail project to include world's largest mall
China Daily    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Dubai announced plans for a huge tourism and retail development including the largest shopping mall in the world, a fresh sign that the glitzy emirate has recovered its commercial ambitions after a crippling corporate debt crisis three years ago. The development, on the outskirts of Dubai's current downtown area, will include a park 30 percent bigger than Hyde Park in London, said Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum, also prime minister of the United Arab Emirates. More

Victoria's Secret takes the wraps off redesigned NYC flagship
Chain Store Age    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Victoria's Secret has reopened its New York flagship with a re-design that embodies the brand's sexy, sophisticated and glamorous spirit with a nod to its heritage. The three-floor, 8,000-square-foot store, located in Herald Square, features warm, black cherry hardwood floors, sculpted pink surfaces with rich accents of black chrome, Italian marble floors and custom ribbon chandeliers adorned with backlit Swarovski crystals, which highlights the 14-ft. high focal wall showing iconic Victoria’s Secret Angels images. More

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