Retail Roundup—Walmart tests vending machines, J.Crew's CEO steps down

Walmart sign
Walmart's new vending machines dispense orders in less than a minute. (Mike Mozart / CC BY 2.0)

Walmart to test order pickup vending machines

Walmart plans to test 16-foot-tall vending machines that dispense online orders in stores across the U.S. The "Pickup Tower" will allow consumers to scan an order bar code from a smartphone, then a mechanical arm will find the correct package and dispense the order. (The Dallas Morning News)

J.Crew CEO stepping down after 14 years

J.Crew's CEO and chairman Mickey Drexler is stepping down after 14 years leading the company. He will be succeeded by West Elm CEO Jim Brett. Drexler has blamed the introduction of a higher-priced product line during a recession for the company's recent troubles. (Business Insider)

25% of shopping malls to close in 5 years

Between 20% and 25% of U.S. shopping malls will close in the next five years, according to a new report from Credit Suisse. Those numbers come as no surprise to analysts, as apparel is expected to account for 35% of all e-commerce sales by 2030. (Los Angeles Times)

H&M to debut three Arket stores this summer

H&M announced it will open a second Arket branded store in London, making it the third location globally for the new concept. The shop will offer its own fashion label and selected third-party brands, as well as an in-store café. (Retail Gazette)