Top 5 Retail Stories of the Week 4.1.18April 6, 2018
Each week, we’ll be rounding up the top stories from the retail industry so you can start your weekend off right. Here are the biggest news stories from the week of April 1, 2018:
1. Target Reveals Locations of Three New Small-Format Stores in New York (CNBC) “Target has chosen three New York neighborhoods in its plan to attract younger shoppers and expand in key urban areas. It expects to operate 130 small-format stores across the U.S. by the end of 2019.”
2. Bed Bath & Beyond Offers to Buy Old Toys R Us Gift Cards for Store Credit (CNBC) “Have a Toys R Us gift card going unused? Bed Bath & Beyond will take it off your hands, offering store credit in return for a limited amount of time.”
3. Are Retailers Becoming Mini Malls? (Forbes) “Head-turning retail mashups and sleeping-with-the-enemy-style pairings — from Aldi grocery stores on Kohl’s turf to Anthropologie shops at Nordstrom — are rocking the retail sector, as stores scramble to woo finicky, choice-rich consumers in a marketplace upended by the limitless store that is e-commerce.”
4. Nike Strengthens Digital Capabilities with Analytics Buy, Announces New Customer Experiences (Retail Info Systems) “Nike says its “digital ecosystem” is setting the pace for growth in all four of its geographies, as the athletic wear retailer pushes full steam ahead with innovative consumer experiences.”
5. Walmart’s Potential Humana Deal Could Connect Your Health Insurance with the Produce Aisle (Marketwatch) “Like other recent health care pairings, the deal — should it go through — marks a pursuit of big data across industries.”
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