Industry Headlines: April 18, 2013
- Unlikely expansion: When retail brands go wholesale: Brands are giving up control to gain more reach. (The Globe and Mail)
- Sears launches celebrity branding unit with Adam Levine, Nicki Minaj: Sears has been struggling to reach younger shoppers. This should help. (Chicago Tribune)
- Strong investment in retail expected: The Australian retail market is healthier and investors are noticing. (Inside Retail)
- Penney’s says no store closings, staff cuts planned: If you’ve been holding your breath since the CEO change, you can release it: JCP isn’t planning any drastic changes. (Chicago Tribune)
- ‘Complaints on pricing were alarming’: Target Canada backlash could drag on retail chain’s prospects: Between a cooler spring and slow start in Canada, things aren’t looking great for Target. (Financial Post)
- Here’s a twist: Developers ask residents what stores they want: Retail real estate developers are reaching out on social media to find out what their stakeholders are looking for. (The Globe and Mail)
- Blackstone, DDR Spend More Than $300M for Shopping Centers: The two have snapped up seven Regency Centers shopping centers. (Wall Street Journal – subscription required)
- Walmart targets 600 per cent increase in renewable energy use by 2020: The retailer has already invested a fair bit in green initiatives, but this would be huge. (BusinessGreen)
- Inside Warby Parker’s First Offline Flagship: A look at how one online store made the move to brick and mortar. (Business of Fashion)
- Kimco Acquires Retail Property Assets Worth $221 Mln In Q1: Eight centers are effected. (RTT News)
- New pictures of Leeds shopping centre plan: Victoria Gate is looking lovely just before its public consultation. (Yorkshire Evening Post)
