2016: The Year of Retail Redefined

This is the third installment in a three-part series on high-tech shopping trends.

This year, 2016, is the year of retail redefined. When I say redefined, I mean forever changed. It’s no longer about product on the shelf. Retail is about telling a story. Retail shelves are the new-age magazine cover.

Speaking of stories, ecommerce was the big story of holiday shopping. MasterCard SpendingPulse reports ecommerce grew roughly 20% during the season, compared to 2014. The report also shows overall spending rose 7.9% (1). However, the retail news is not all rosy. As I’m writing this piece, Macy’s, Gap and JCPenney announced store closures.

Tengram Capital Partners Invests in Cos Bar

Luxury specialty cosmetics retailer Cos Bar has announced that it has signed a definitive agreement to receive an undisclosed investment from private-equity firm Tengram Capital Partners.

Cos Bar, founded by Lily Garfield in 1976, has 14 stores. Its product assortment includes skin care, color cosmetics, fragrance, bath and body, hair care, men’s, and tools & accessories.

Cos Bar’s partnership with Tengram includes numerous objectives, including to fund store expansion into new and existing markets.

[Image: Cos Bar]