The Dick's partnership is the first time that Story is partnering with another retailer, since it got acquired by Macy's in 2018. While "it's a little atypical for a retailer to sponsor another retailer," it's something that Macy's is looking to do more of, according to Story's founder and now Macy's brand experience offer Rachel Shechtman.
Chicago-based startup Foxtrot, which is building a chain of upscale convenience stores, today expanded to its second market with the opening of a store in Dallas. The startup's expansion comes as chains like 7-Eleven and Wawa are also putting more effort into delivery.
Last year, VC firm Greycroft announced that it was launching a joint $50 million fund with grocery chain Albertsons to invest in startups and platforms to power the grocery sector. Greycroft partner and co-founder Ian Sigalow, who manages the Albertsons fund, broke down the fund's playbook, how the firm is approaching grocery and how he sees traditional brick-and-mortar chains like Albertsons evolving.
Store fulfillment for online orders is something Target has been investing in heavily. Through a combination of ship-from-store, same day delivery powered by Shipt and in-store order pick-up and drive-up options, Target stores now fulfill 80% of online orders. As CEO Brian Cornell told investors during the company’s first-quarter results for 2019, it’s an operation that’s profitable for Target.
Dollar General is bringing more of its logistics capabilities in-house, seeking more control over its operations as it expands to the fresh and frozen food categories.
When Topshop announced last week that it was filing for bankruptcy in the U.S. and liquidating all U.S. stores, it should not have come as a surprise.
As Walmart and Amazon race to deliver online orders to customers in a one-day window, Target is reaping the profits of its store-centric same-day delivery strategy.
Stores aren't dead, but what they're being used for is changing.
Brands and retailers are turning to experience-based programs to build an army of brand advocates and organic influencers.
Retailers are deploying robots to make stores more productive, an essential part of their e-commerce and delivery efforts.
Apple has built a retail template other stores can borrow from: neat minimal stores with personalized service and experiences.
Office supplies companies are using physical locations as service hubs to grow revenue and loyalty from business customers.
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