Luxury home furnishings retailer in Austin debut

Restoration Hardware Holdings has entered the Austin market with the latest generation of its design gallery store format.   The new RH Austin, The Gallery includes an entire floor dedicated to the retailer’s new RH Modern concept, with an integrated contemporary art gallery.    It also includes an interactive design atelier, a professional workspace that allows customers, designers and architects to conceptualize and customize a home.

Source: Luxury home furnishings retailer in Austin debut

Mattress Firm and Steinhoff — done deal

A South African-based company is now the owner of the largest mattress retailer in the United States.   Steinhoff International Holdings NV announced it completed its acquisition of Mattress Firm Holding Corp.    As a result of the completion of the transaction, which was first announced in August, Mattress Firm’s common stock will no longer be traded on the NASDAQ stock market.

Source: Mattress Firm and Steinhoff — done deal

Parrot heads will flock to this new Mall of America tropical oasis

Come this winter, shoppers in frigid Minnesota will be able to escape to a tropical paradise without leaving the state. Jimmy Buffett’s Margaritaville restaurant will open a location at Mall of American, Bloomington, Minn., on Sept. 20. The 315-seat restaurant and bar will be Margaritaville’s first in the state of Minnesota.

Source: Parrot heads will flock to this new Mall of America tropical oasis

Report: Get ready for most demanding consumers in history

The first generation to grow up online — Gen Z— is also poised to rank as the most demanding consumer group in history. That’s according to a new report from Fung Global Retail & Technology, which warns that retailers, restaurants and leisure companies will have to adapt to the wants and needs of Gen Zers (refers to those born in 2001 and later.

Source: Report: Get ready for most demanding consumers in history

Another sports retailer files for bankruptcy

The waning popularity of golf has taken its toll on the nation’s largest specialty golf retailer. Golfsmith International Holdings Inc. on Wednesday filed for Chapter 11 bankruptcy protection, amid increasing debt and citing a strategy that it launched several years back to open bigger, most costly stores at a time when golf was beginning to decline in popularity. (Just last month, Nike last month announced it was leaving the golf hardware business, its worst-performing division. Adidas is selling its golf equipment business. )

Source: Another sports retailer files for bankruptcy

Target thinking small is best for store expansion

More smaller, “flex-format” stores are in Target’s future. Target Corp. CEO Brian Cornell sees the chain eventually opening hundreds of smaller “flex-format” stores, he told reporters Wednesday prior to the company’s fall national meeting at its Minneapolis headquarters, Bloomberg reported. Target has opened 23 smaller stores in major cities, with plans to add nine more this year, including one in the Tribeca section of downtown Manhattan.

Source: Target thinking small is best for store expansion

Dollar General in hiring push

Dollar General announced a major hiring initiative to support its continued expansion.   The discounter said that within the next month it intends to hire 10,000 new employees to support planned store openings and fill current vacancies. The chain will hold approximately 600 localized hiring events through September. It is looking to hire both full-time and part-time positions, including store managers, assistant store managers, lead sales associates and store associates.

Source: Dollar General in hiring push