Retail

Old Navy’s first quarter same-store sales went down for the first time in three years.

Shop Premium Outlets will be able to shop at multiple brands with discounts of up to 65 percent and Simon will take a commission on sales.

Suresh Kumar will join the company July 8 as chief technology officer and chief development officer.

Same-store sales rose by just 1 percent in the first quarter, below the 1.4 percent analyst estimate.

The giant department store chain is looking to ‘unlock additional real estate value’ from its prime Manhattan location.

Healthcare clinics are becoming more attractive retail center tenants, investors are willing to pay more for well-positioned retail assets in high-growth secondary markets.

Industry insiders claim that mall traffic is rising and that newer retail centers, not e-commerce, are responsible for struggling properties.

Amidst massive changes and challenges in the retail sector, the convention’s talking points will include everything from new delivery models to ‘pop-sharing’ and health and wellness trends.