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Today’s FierceRetail Rundown

 

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This week’s sponsor is Shoptalk.

  1. Abercrombie reveals new store concept

  2. 56% of U.S. shopping done in physical stores

  3. Macy’s approached by Hudson’s Bay for acquisition

  4. EMS, Bob’s Stores file for bankruptcy

  5. Amazon planning for technology, not staff, to run grocery

  6. Tiffany drops CEO

Featured Story

Abercrombie reveals new store concept

February 7, 2017 | By Jacqueline Renfrow

For the first time in 15 years, Abercrombie & Fitch is changing up the look of its stores to offer a more omnichannel experience that encompasses the latest technology. Now, mallgoers will get a more personalized experience with Abercrombie’s innovative fitting rooms and a carved-out space for shoppers to pick up online orders.

 

Top Stories

56% of U.S. shopping done in physical stores

Tuesday, February 7, 2017

Despite the growth of the omnichannel experience, 56% of U.S. shoppers still consider physical stores their main shopping channel, as opposed to 10% who shop mainly online, according to new data from market research agency Lightspeed.

Macy’s approached by Hudson’s Bay for acquisition

Tuesday, February 7, 2017

Hudson’s Bay is in preliminary talks with Macy’s about a takeover offer. The two companies are also exploring additional cooperative moves outside of the merger, such as Hudson’s taking on some of Macy’s real estate. The Canadian brand’s portfolio currently includes Saks Fifth Avenue and Lord & Taylor. The deal could help a struggling Macy’s, which has faced declining sales and a series of store closures, including 68 locations announced last month.

EMS, Bob’s Stores file for bankruptcy

Tuesday, February 7, 2017

Eastern Outfitters, the parent company of Eastern Mountain Sports and Bob’s Stores, has filed for Chapter 11 bankruptcy protection. British sportswear company Sports Direct International is engaging in talks with the flailing retailer to become a bidder at the bankruptcy auction. Eastern Outfitters is owned by private equity firm Versa Capital Management, which bought the company out of bankruptcy from Vestis Retail Group just last year.

Amazon planning for technology, not staff, to run grocery

Tuesday, February 7, 2017

As Amazon prepares to unveil its latest supermarket plans, with stores that could span between 10,000 and 40,000 square feet, the retailer let on that its bigger stores may operate with as few as three and no more than 10 employees at one time. In the automated prototype, a half-dozen workers could staff an average location. Duties for staff would include signing up customers for Amazon Fresh, restocking shelves, working drive-thru windows and assisting robots in bagging groceries. This prototype of limited payroll could lead to a huge profit boost.

Tiffany drops CEO

Tuesday, February 7, 2017

Luxury jeweler Tiffany & Co. announced the replacement of CEO Frederic Cumenal after disappointing financial results. Cumenal, who has held the position since April 2015, is being replaced by chairman and former CEO Michael Kowalski in the interim. The shuffling in the executive office comes just three weeks after the company’s top designer left and not long after the reporting of weak holiday sales.

This week’s sponsor is Response Expo.

Events

LESS THAN 90 DAYS TO SHOPTALK

March 19-22, 2017 | Aria, Las Vegas

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