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Target's new CFO Cathy Smith credits her fearlessness—she's part of the United States Parachute Association—for helping her lead teams at Express Scripts, Walmart International, GameStop, and now, Target. During her first day on the job, Smith sat down to talk about her new role in Target's "bold and ambitious transformation."
HSN, Inc. tapped Michael Alexin as president of its men's and women's travel lifestyle brand TravelSmith, a division of Cornerstone. He joins HSNi with executive merchandising and product design background at Target, Eddie Bauer, Nike and Levi Strauss & Co.
Pharmabox launched the first automated retail store in Florida. The self-serve kiosk carries more than 140 items typically found in brand-name pharmacies such as Target, Rite Aid, Osco, CVS, Sav-on or Walgreens.
Target has spent much of the past year focused on growing its mobile and digital presence with new features and app enhancements, combined with an emphasis on core product categories. It's a year that is now bearing fruit.
Nine West has agreed to buy back control of its Canadian stores from Toronto-based Sherson Group. The U.S. shoe brand has created a specific subsidiary to run the Canadian business, which includes Nine West, Easy Spirit and Anne Klein stores.
Target will roll out new cafe concepts in 14 test stores this fall. Instead of the typical boxed hot dogs and nachos, nine stores will get a Freshii cafe, with artisan style pizza, fresh salads and pressed juices, while three stores will get a limited menu of Pizza Hut artisan pies.
Now is the time to downsize: 2015 has been a big banner year for the little guys. Some of the largest names in retail announced launches of smaller format stores in 2015. Big-box brand Target announced an expansion of its urban presence with CityTarget and TargetExpress (both recently rebranded under just the Target name). Starbucks introduced smaller, on-the-go stores to cater to professionals heading into work. And Walmart revved up expansion of all small-format stores this year, namely its Neighborhood Market format, which is absorbing the former Walmart Express stores.
A new service at the Glendale Galleria mall in Southern California allows shoppers to pick up items in a curbside pod. The shopping center is the first to debut a pickup pod for shoppers to pull up and grab items—ordered and paid for ahead of time on the Curbside app—without entering the crowded mall.