Just a few short years ago, many people predicted that physical stores would all be replaced by pure-play e-commerce sites. By now, they thought, brick-and-mortar would be a thing of the past. Though we’ve seen some physical stores close, we’ve also seen some traditionally online retailers open storefronts. The demise of the physical store was greatly overestimated.
Ross Stores remains among the nation’s most expansion-minded retailers. The company is opening a total of 24 Ross Dress for Less stores and seven dd’s Discounts stores across 15 different states in June and July. The openings are part of the company’s 2016 expansion plans, which call for the opening of approximately 70 Ross stores and 20 dd’s Discounts locations throughout the year.
By Dan Berthiaume Walmart Canada has begun following through with a June announcement it would gradually stop accepting Visa payments. On June 11, the retailer issued a release stating it would stop accepting Visa payments across Canada, starting July 18 at stores in Thunder Bay, Ontario. Multiple media reports indicate that as of July 18, Walmart Canada is no longer taking payments via Visa-branded cards at three stores in Thunder Bay.
Starbucks Corp. is growing its store portfolio on a couple of different fronts. The company plans to open stores under a new banner, called Starbucks-Reserve only, that will have a decidedly upscale twist. The brand will sell premium, small lot reserve coffee in a store space that is about twice the size of a typical Starbucks, zachs.com reported, and feature more of a café atmosphere.
Photo: Ric Kallaher Victorinox Swiss Army has opened its doors in New York City’s Rockefeller Center. The store, the brand’s eighth location in North America, is designed to create an immersive experience into the company’s Swiss heritage amid a modern environment that reflects the company’s commitment to quality, functionality, iconic design and innovation.