Wednesday, October 23, 2019
Consulting firm McKinsey & Co. opened its first retail store, the Modern Retail Collective, at the Mall of America in Minneapolis. The 3,000 s/f living retail lab will feature a regular rotation of different brands using an array of new retail tech. It will accept cryptocurrency as payment. McKinsey, plans to operate the store for at least a year and rotate brands and tech providers every few months...Amazon 4-Star will open a location in the Natick (MA) Mall this month, the 1st store of its kind in the Boston area and the 5th nationwide. The stores carry a variety of products from popular categories that are top sellers, new and trending, or rated four stars and above on Amazon.com... Gymboree is being revived by former rival The Children’s Place, which plans to relaunch the brand in 2020 with an enhanced website and shop-in-shop locations in more than 200 Children’s Place stores in the US and Canada. Gymboree filed for bankruptcy in January 2019, saying it would close all stores. In March, The Children’s Place acquired the rights to the Gymboree and Crazy 8 brands.