Starbucks’ U.S. Store Portfolio to Undergo Major Transformation
During the next 18 months, the coffee giant plans to accelerate the expansion of convenience-led stores formats such as drive-thru, mobile order only, pickup and curbside pickup. It also plans to relocate stores from low-traffic malls to new locations that combine the store experience with drive-thrus.
Simon Pulls Out of $3.6B Taubman Deal
Simon Property Group, Inc. on Wednesday said it terminated its Feb. 9 agreement to merge with rival mall developer Taubman Centers Inc. The deal for Simon to acquire an 80% ownership interest in The Taubman Realty Group Limited Partnership, including all of Taubman common stock, for about $3.6 billion, was originally expected to close about now.
Stop & Shop and King Kullen Call Off Merger
“A joint decision was made not to proceed with the acquisition because of significant, unforeseen changes in the marketplace that have emerged since the agreement was signed in December 2018, largely driven by the COVID-19 pandemic,” the companies said in an announcement.
Parent Company of Kay’s Jewelers, Zales, Jared to Close about 400 Stores this Year
Signet Jewelers Ltd. said that at least 150 stores in North America and 80 stores in the U.K. will not reopen after going dark due to the COVID-19 pandemic. It also plans to permanently close at least another 150 locations by the end of the year. (Currently, Signet operates approximately 3,200 stores globally primarily under the name brands of Kay Jewelers, Zales, Jared, H.Samuel, Ernest Jones, Peoples, Piercing Pagoda,)
Rooms to Go Displays their “Store of the Future”
Regarded by Rooms To Go as “The Store of the Future,” the Pieper O’Brien Herr Architects design team reimagined this furniture store with eye-catching architectural features such as perforated aluminum rain screens, floor-to-ceiling display windows, and dramatic lighting and signage.
Old Meets New in NatWest Rebrand
The rebrand forms part of a series of major changes taking place within RBS Group: the group recently announced plans to sell off 300 branches of RBS in England and Wales and RBS is now known as the Royal Bank of Scotland north of the border. Futurebrand has created a new identity for Royal Bank of Scotland which retains its logo and typeface but uses a pattern based on tweed and tartan to emphasise its Scottish roots.
Unique Store Fixtures takes Gold for KitKat Store Design
Unique Store Fixtures is savoring the sweet taste of victory for its work on KitKat Chocolatory’s first permanent North American retail store.
The custom millwork shop was awarded gold for the global A’ Design Award in the 2019-2020 Interior Space and Exhibition Design Category.
Pivot to Prosper ~ Beyond the Pandemic
These pivots from business-as-usual to financially solvent business models are focused not on core competencies, but related offerings in alliance with the needs presented by the pandemic.
How To Maximise Conversions In Your Retail Store
Getting people into your store is one thing but converting them from visitors into paying customers is quite another. Just as the volume of traffic to your website is proportional to the potential money that you can make, so too is the footfall of your store proportional to the potential sales you can make in-store.
4 Important Steps to Reopening Retail
Brick-and-mortar retail chains face the daunting task of reopening on a massive scale. An estimated 630,000 stores were closed during the pandemic, along with gyms, restaurants and other businesses. These closed businesses now have to reopen in a relatively short time period, on an unpredictable schedule, and in compliance with strict health and safety regulations that vary by state and even by city. This will be one of the largest logistics projects attempted in any industry, and it needs to be done perfectly to ensure the safety of employees and local communities.