Macy's is discussing ideas for its 1 million-square-foot downtown Minneapolis flagship and has been in talks with developer City Center Realty Partners, but it hasn't made any definite decisions about selling or downsizing yet, sources said. The retailer recently hired Brookfield Asset Management to devise redevelopment proposals for 50 of its stores.
Sears CEO Edward Lampert is already the biggest shareholder in Sears Hometown and Outlet Stores, and he will invest further if Sears Hometown agrees to a partnership on certain Sears brands, according to regulatory filings. Sears Hometown was spun off from Sears in 2012.
Site traffic, mobile ordering and online sales rose during the start of the holiday shopping season for many online retailers. Home decor retailer Deny Designs opted for short-term sales during Thanksgiving and Black Friday instead of weekend-long discounts and eBags made improvements to its mobile site, which accounted for 46% of traffic, said eBags co-founder Peter Cobb.
Rick Keyes, who started with Meijer as a pharmacist 27 years ago and was promoted to president last year, has been named the first CEO from outside the retailer's founding family. Current CEO Hank Meijer has moved into the role of executive chairman of the 230-store Michigan-based chain.
Whole Foods Markets will drop a points-based loyalty program in the Philadelphia market in favor of the members-only discount format it has been testing in Dallas, the retailer said. The grocer launched its Philadelphia-area test in 2014 and it's making the change based on shopper response.
Detachable tablets are expected to spur growth for the tablet sector through 2018 to 2020, per an IDC report. Medium-screen tablets -- 9 to 13 inches -- will be the most popular versions of the devices available on the market.
Lands' End will scale back the company's Canvas by Lands' End collection and make it more consistent with the brand's traditional offerings after the trendy line missed the mark with consumers. The retailer also launched a holiday social media campaign dubbed "Santa for a Day."
McDonald's is close to a deal to sell its operations in China and Hong Kong for as much as $3 billion to a venture led by Carlyle Group and China-based Citic Group, a source said. The US restaurant chain began shifting its Asian restaurants to an alternative franchise model earlier this year.
Japan-based minimalist accessories and clothing retailer Muji is on track to open its first store in Vancouver, British Columbia, Canada, next year, according to Retail Insider's Craig Patterson. Vancouver is attracting interest from a growing number of global retailers, including Warby Parker, Uniqlo and H&M's COS, he said.
Pet treats can serve beneficial purposes, such as reinforcing positive behaviors, but veterinarian Christine Rutter says too many treats can cause obesity and other health problems, so they should be selected carefully and given sparingly. Rutter recommends that owners talk with their veterinarian about appropriate treats and how many calories a given pet needs.
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