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Dick’s to Open 16 Next-Gen ‘50K’ Stores, Expand House of Sport Format in 2024

Retail TouchPoints

For the coming fiscal year, the retailer is planning $800 million in CapEx expenditures to fund a major brick-and-mortar expansion that will enlarge its total store square footage by 2% — its largest physical expansion since 2017. Dick’s Sporting Goods posted strong results in fiscal 2023, which ended Feb. increase in comp store sales.

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Foot Locker Debuts ‘Store of the Future’ in New Jersey

Retail TouchPoints

The retailer plans to use learnings from this store, located in the Willowbrook Mall in Wayne, N.J., for additional reinvented stores it will open in 2024 , including at the brand’s NYC flagship and locations in Paris, Melbourne and Delhi.

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How Yuppy Puppy is Creating a Luxe Space Pet Parents Love

Retail TouchPoints

This is especially true among younger consumers, like the 67% of millennials and Gen Zers who plan to have pets instead of kids. While cost was a leading reason for this pivot, consumers still plan to spend big bucks to show love towards their “fur babies.” Located in the St. Louis suburb of O’Fallon, Mo.,

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Sustainable shopping: what options are available to retailers?

Retail Focus

One example that leaps out is Lidl, which in February this year became the first supermarket to roll out its own bottle return scheme trial. Launching in 21 stores across Glasgow, the scheme offers customers unlimited cash rewards in return for empty PET plastic and aluminium drinks containers via in-store reverse vending machines.

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Electric Car Maker Polestar Eyes 38 Physical Locations in U.S. by 2023

VMS

Electric vehicle manufacturer Polestar (Gothenburg, Sweden) has opened a new retail location in Corte Madera, CA where it will offer sales, service and test drives of its cars. The brand, which calls its physical locations Polestar Spaces, currently operates in 15 states. The company plans to be present in 30 global markets by 2023.

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How PAVE Global Can Help Retailers Build Next-Gen Store Design Teams

Retail TouchPoints

Founded in 1992 as The Planning and Visual Education Partnership (PAVE), PAVE Global is an educational foundation for the retail design , planning and visual merchandising industry, and gives brand practitioners a unique opportunity to support young students and expand their talent pools. .

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Nike Launches Refurb Program

VMS

At select locations, the retailer plans to take returns for like-new or gently used footwear. The initial 15 participating locations are Nike Factory outlet stores, but the retailer plans to roll out the program to Nike Community and Nike Unite stores as well. Nike (Beaverton, Ore.)