Entries in Store (3)


Apple Store to Open at New York's Grand Central Terminal

ABC News(NEW YORK) -- Apple showed off Wednesday what the company says is one of its largest retail stores to date. Located inside New York City’s bustling Grand Central Terminal and scheduled to open to the public on Friday, the 23,000-square-foot store overlooks the terminal’s historic main concourse.
The company’s newest retail location will offer everything Apple customers are accustomed to -- a full product line, a “genius bar,” and personal training -- as well as a few amenities designed for time-strapped commuters, according to Bob Bridger, Apple’s vice president of retail, real estate and development.
“We have all of our workshops as well as one-to-one training,” Bridger told ABC News. “We’ll also have -- exclusive to this store -- 15-minute express workshops that are streamlined versions of all our favorite workshops.”
Apple has also dedicated rooms for “personal setups,” Bridger said, “where people will be getting tips and tricks and really be able to set up their products before they leave the store.”
There’s also personal pickup for users of the mobile Apple Store application, as well as self-checkout.
“You can use your iPhone to actually make purchases online,” Bridger said. “With the application, whether you’re on a train, in a taxi, or walking to the store, when you get to the Apple Store at Grand Central you can actually just stop by and pick up your product when you get there.”
Though Apple says it’s hired over 300 people to staff the new location, customers are being encouraged to use the iOS app to browse and make purchases in advance.

Copyright 2011 ABC News Radio


Grocery Store Rids Itself of Packaging

Stockbyte/Thinkstock(AUSTIN, Texas) -- That environmentally friendly canvas shopping bag you proudly lug to the grocery store is about to get a lot more full, if you do your shopping in Austin, Texas.

You'll need to fill it with your own reusable containers, because cereal boxes and beer bottles will be a thing of the past at In.gredients, a new-age grocery store opening in Austin later this year.

The company behind the idea says the concept is to create a shopping experience that forgoes any kind of packaging and instead lets customers buy as much or as little as they need by filling their own containers.

"Essentially it's a very simple model, a throwback to old times," said In.gredients co-founder Joseph Lane of Brothers Lane, LLC, which consists of Lane, his two brothers, and a friend of the family. "We were looking at a way of using these old methods to make it more convenient and easier for customers to participate in a zero waste lifestyle."

The vision for a package-less grocery store, the first in the United States, involves customers shopping with their own containers, therefore purchasing the exact amounts that they need to take home.

Lane, whose team has backgrounds in IT management and business process consulting, said that the idea came after they began to think back to their childhoods and were looking for a new business venture that promotes environmental sustainability.

Howard S. Schiffman, a professor of environmental conservation education at NYU, said that although the idea is a step in a good direction, the company may be overlooking the importance of packaging products. Though it may cost more, packaging does prevent foods from going bad. That allows retailers to keep inventories on the shelves for a longer period of time, saving the business the manpower and money that would otherwise be spent repeatedly restocking.

"It's overall a wonderful idea and might change thinking on sustainability, but there's something they need to keep an eye on," said Schiffman. "There's something we get from packaging, it can help keep things fresh and reduces spoilage."

"But if they can address that problem or sell in high volume, that might be something to compensate."

Copyright 2011 ABC News Radio


Walmart to Acquire 51% of Massmart

Photo Courtesy - Getty Images(BENTONVILLE, Ark.) -- Walmart seeks to broaden its international reach, as the company announced Monday that it has offered to purchase 51% of the shares of Massmart Holdings of South Africa.

The company issued a statement saying the offer -- at 148 rand a share, representing a 19.2% premium to the 30-day weighted average price on September 23 -- has been unanimously recommended by Massmart’s board of directors. The total offer is for 16.5 billion rand, or 2.34 billion U.S. dollars.

“We continue to be excited by the opportunity to invest in Massmart's business and to accelerate its growth and expansion in South Africa,” said Doug McMillon, President and CEO of Walmart International.

McMillon said the combination fits well with the corporation’s strategy of being able to enter high growth markets where it can use its global expertise and generate strong returns. Walmart also hopes to be able to connect small farmers with its global supply chain, and thus increase farmer income and improve the quality of their produce.

The Wall Street Journal reports that several labor unions have objected to the proposed combination, saying that Walmart is guilty of poor labor relations and that its entry to South Africa will hurt suppliers.

Copyright 2010 ABC News Radio

ABC News Radio