Retail Roundup—Target's innovation exec resigns, Bebe to shutter all stores

Target bullseye sign
Target is refocusing on its core business.

Target’s top innovation exec steps down

Casey Carl, chief innovation and strategy officer at Target, will be leaving the company as CEO Brian Cornell refocuses on Target’s core business. Cornell says innovation is alive and well at the company, which will look for someone new to vet new business ventures and create new avenues for growth. (Star Tribune)

Bebe to shutter all stores

Bebe announced that it will close all remaining store locations after a string of quarterly losses. The company has signed a deal with Tiger Capital Group to sell all of its assets and expects to close all of its stores by the end of May. (USA Today)

Amazon introduces meal kits

Amazon has jumped into the business of meal kits in a partnership with Martha Stewart. AmazonFresh grocery delivery service is now making Martha Stewart’s Martha & Marley Spoon meal kits available to customers. The kits contain recipes and pre-portioned seasonal ingredients for two adults. Meal kit orders in 2015 soared 311% over the year before. (Cincinnati Business Courier)

Ikea plans standalone restaurants

Following strong sales in its food division, Ikea is discussing opening standalone cafes. In the U.S., all of the retailer’s in-store restaurants have been updated to accommodate different shopper demographics and can hold 600 or more diners at one time. (Fast Company)

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