Tampa Bay Times: A trip to Walmart’s innovation store in Florida reveals new shopping perks

The Walmart Supercenter in Lake Nona, a suburb of Orlando, is an innovation store where the retail chain tests new programs. [Photos by Justine Griffin | TIMES]

By Justine Griffin

With all the doom and gloom about the state of the retail industry, it isn’t easy to find a company other than Amazon that is considered a bright spot among the ongoing narrative of declining sales and shuttered stores.

But Walmart is proving it will not go gentle into that good night.

Walmart was once the behemoth of the shopping world, until Amazon morphed from being a book retailer into an everything retailer. Today, Arkansas-based Walmart is still among the biggest brick-and-mortar retailers out there with 4,692 stores in 50 states. But Walmart is also investing heavily in ecommerce business these days — it bought both Jet.com and Modcloth.com in the last year — to better compete against Amazon and others.

Walmart continues invest in its growth online by expanding its own third-party marketplace (similar to Amazon Marketplace) and piloting more convenience options for shoppers, like free two-day shipping, pick-up in store options and curbside grocery pick up and delivery programs. It also announced partnerships with Uber and Google this week. The company made headlines in June when it launched its first “vending machine,” which is essentially a giant self-serve kiosk, at a store in Oklahoma. One of these futuristic vending machines opened in Naples last week. Walmart also opened a “Next-Gen Test Store” earlier this year in Lake Nona, an affluent and growing suburb of Orlando.

Read more here.

Tampa Bay Times: Meet James Nozar, Jeff Vinikns right hand man to transform Tampa

nozar

The first time James Nozar came to Tampa nearly a decade ago, he didn’t think much of it.

Downtown wasn’t very pedestrian-friendly. He saw only sprawling suburban communities. He didn’t ever envision living here.

But when he got a phone call last year about a CEO job that would give him the reins to transform the entire city of Tampa, he reconsidered.

Nozar, 37, was hired in February to be the CEO of Strategic Property Partners, the real estate company backed by Tampa Bay Lightning owner Jeff Vinik and Bill Gates’ Cascade Investment. He’s charged with taking Vinik’s lofty $2 billion plans to transform 40 acres of downtown Tampa’s urban core and making it come to life.

“It’s so rare to see development projects of this scale. From the size of it to the ownership and the financial backing,” Nozar said in an interview at the SPP offices in Channelside Bay Plaza with theTampa Bay Times recently. “When I told my former boss about it, he said this is once in a lifetime.”

Read more in the Tampa Bay Times here.

Tepid retail season is salvaged by late and day-after buyers

By Justine Griffin for the Herald-Tribune

It was the perfect storm.

Home prices across the country, including Southwest Florida, are up. Gas prices are down. Stock prices are rising and unemployment continues to dip as hiring ramps up.

Not to mention there was no bad weather to report across the nation.

All these factors combined to bode well for a strong holiday shopping season.

The National Retail Federation predicted that sales made over the holidays, which began around Thanksgiving and wrapped up at Christmas, would increase by 4.1 percent to $616.9 billion nationally when compared with 2013 season.

The Florida Retail Federation had an even rosier forecast: a 5 percent jump in sales across the Sunshine State this year.

Final numbers will not be available for a while, but there have been indications that such optimism was not misplaced.

A report by MasterCard found that retail sales rose 5.5 percent from the day after Thanksgiving through Christmas Eve as strong demand for women’s apparel, jewelry and casual dining helped offset slow sales for electronics.

Read more here.

The downtown question mark

By Justine Griffin for the Herald-Tribune

SARASOTA – Some local business owners and chain stores are flocking to University Parkway and Interstate 75 to be a part of the buzz surrounding the new Mall at University Town Center.

Others want to avoid it completely.

The only certainty is that Southwest Florida’s retail scene is undergoing a potentially seismic shift.

How downtown Sarasota, poised before the Great Recession to be the shopping and dining epicenter of the county, fares once the dust settles is still anybody’s guess.

Sarasota-Bradenton is the only place in the country getting a new, enclosed mall this year.

The mall arrives as the region’s existing players are being forced by a host of forces to think outside the box to remain relevant.

Westfield Group’s Southgate mall property, for instance, is becoming an outdoor complex called “Westfield Siesta Key.”

Sarasota Square mall is being renovated to fit a new 21,000-square-foot H&M apparel store and is courting other future tenants.

More retail seems to just keep coming.

“Shopping patterns are going to change, though we don’t know exactly how just yet,” said Jeff Green, a Phoenix-based retail analyst who is familiar with Southwest Florida’s offerings.

“Unfortunately, though, it is clear that downtown is one of the areas that will be hit the hardest.”

Read more here.