Multichannel Retail
Top stories summarized by our editors
10/24/2017

The Lord & Taylor flagship in New York City will become the new headquarters of office space leasing company WeWork, which will buy the 676,000-square-foot building as part of a joint venture. Lord & Taylor will lease back the bottom floors to create a downsized version of its department store.

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Taylor, WeWork
10/24/2017

American Eagle Outfitters will debut a new retail concept called AE Studio in New York City next month. The new store's features will include a Jeans Gallery, free laundry facility for full-time students, a space for capsule collections from emerging designers and artists and fitting rooms equipped with concierge iPads.

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American Eagle Outfitters
10/24/2017

Sears stores will stop selling Whirlpool appliances after more than a century, amid a dispute over pricing and a changing retail market, according to a company memo. Whirlpool is the biggest appliance maker in the US, with brands including KitchenAid, Maytag and Jenn-Air.

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Whirlpool, Sears, retail market
10/24/2017

Amazon has received 238 proposals from municipalities hoping to win its second North American headquarters, the e-commerce giant said Monday. Several locations in Canada and Mexico were among the applicants, which came from 54 districts, provinces, states and territories, and only seven US states did not submit any proposals.

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Amazon, North American
10/24/2017

German discount grocers Lidl and ALDI have submitted a combined 90 planning applications for new UK stores in 2017, indicating the retailers are moving forward with strong expansion plans. The growth comes as Britain's traditional grocers open smaller stores and add eateries and concessions to existing locations as shopping habits change.

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Lidl
10/24/2017

Bobby Farahi's recipe for success with offbeat fashion brand Dolls Kill started with building a social media following, followed by opening a store that gave the brand's loyal community another way to connect. He shares more insights on building a cult following in NRF's "Retail Gets Real" podcast.

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social media, NRF
10/24/2017

Under Armour co-founder and Strategic Adviser Kip Fulks will take a sabbatical from the workout wear company, a benefit to employees with at least 10 years at the company, sources said. The brand is also considering jettisoning some of its smaller categories including tennis and fishing amid declining sales.

10/24/2017

Chicago-based artist-designed goods site Threadless has acquired shoemaker Bucketfeet, a deal that will allow Threadless to start offering customized footwear. Threadless sells T-shirts, bags and other items decorated with designs submitted by artists.

10/24/2017

Amazon has expanded its handcrafted site to include gifts in time for the holidays. The Amazon Handmade Gift Shop will include handmade toys, coffee mugs, jewelry and other artisan-made items.

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CNN
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Amazon
10/24/2017

Marks & Spencer will begin providing home loans next year through its financial services arm, M&S Bank. The bank is a joint venture with HSBC Holdings and has grown to 4 million customers since launching in 2012.

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HSBC, Spencer