Pure Industrial Real Estate Trust, with FedEx and Best Buy as clients, said ecommerce will make up 50% of its Canadian warehouses, up from 30% today. See what other plans the company has, including wooing Amazon as a client north of the border.
The National Retail Federation released its economic forecast for 2017, projecting that the retail industry sales will grow between 3.7% and 4.2% over 2016. Here are the rest of the results and what they mean for retail in the year ahead.
Eastern Outfitters, parent company of the Eastern Mountain Sports and Bob’s Stores chains, has filed for Chapter 11 protection. See what this will mean for its brands going forward.
Walmart announced it is once again increasing its stake in Chinese ecommerce marketplace JD.com to 12.1%, seeing this as a better route into the massive market than an asset-heavy play. See what this will mean for ecommerce in China moving forward.
FedEx Supply Chain, rebranded from the company’s 2016 acquisition of Genco, is rolling out FedEx Fulfillment, a solution that provides a full suite of warehouse, inventory management and delivery services for small- to medium-sized businesses that is directly competitive with Fulfillment by Amazon (FBA).
Same day delivery represents an opportunity area for retailers as delivery partners can make it a reality across a wider swath of the country than Amazon, which covers 27 U.S. markets at present, according to a new report from L2. See what other insights the report uncovered, including consumer expectations for fast shipping and how one major retailer is pivoting to the new reality.
Tiffany & Co. announced that its CEO, Frederic Cumenal has stepped down, effective immediately. The luxury jewelry retailer has begun looking for a replacement. See what this will mean for Tiffany & Co going forward.
Amazon plans to build a $1.5 billion air hub at the Cincinnati/Northern Kentucky airport in Hebron, KY, part of its ever-growing logistics enterprise. Observers continue to believe Amazon’s endgame is to handle shipping and distribution not only for its own fast-growing ecommerce business but for other retailers as well.
Abercrombie & Fitch Co. announced its new CEO Fran Horowitz along with other executive appointments in the company. Here is what these new appointments will mean for the brand.
Ralph Lauren Corporation announced the departure of its CEO Stefan Larrson, effective May 1. See what what Executive Chairman and Chief Creative Officer Ralph Lauren had to say and what it means for the brand going forward. .