Wednesday, August 5, 2020

Express ‘encouraged’ by early Q2 results

CSA
Express provided an upbeat assessment of its second-quarter results to date. . . . more

Michaels adds new ways to earn rewards

CSA
The Michaels Companies Inc. is expanding its Michaels Rewards omnichannel loyalty program.. . . more

Walmart teases drive-in surprise

CSA
A mysterious Walmart tweet suggests some type of product release will accompany its drive-in movie events in August.. . . more

Cracker Barrel Old Country Store Launches Simplified Menu

Restaurant News
Cracker Barrel Old Country Store® today announced the launch of a new, simplified dinner menu, the latest way the brand is offering guests what they have come to expect from Cracker Barrel – generous portions of high-quality, homestyle food offered at an everyday value.. . . more

Lord & Taylor to permanently close 19 stores

Retail Dive
Lord & Taylor, whose parent company filed for bankruptcy on Sunday, released plans to permanently close 19 locations, including six in New York State, three in Connecticut, two each in Maryland and Massachusetts, and one each in Florida, Illinois, Michigan, New Jersey, Pennsylvania and Virginia.. . . more

Bankrupt parent of New York & Company sells e-commerce businesses

CSA
New York & Company will continue to do business, if only online.. . . more

Sola Salon Studios Signs Eight Franchise Agreements To Open 22 New Locations Across The U.S.

Plain Vanilla Shell
Sola Salon Studios, the world's largest and fastest growing salon studios franchise, announced today the signing of multi-unit development agreements with eight franchise groups that will bring 22 new locations to key markets throughout the U.S. over the next several years, including FloridaNew YorkCaliforniaMichiganWisconsin and Nebraska. This surge in franchise development is fueled by Sola's recent growth, where it opened 16 new locations in North America in June and July, and reflects the brand's simple, yet compelling franchise opportunity. . . more

Tuesday, August 4, 2020

Sour Patch Kids to open first-ever store

CSA
The Sour Patch Kids brand is celebrating its 35th anniversary with the opening of its first-ever brick-and-mortar location. . . . more

Grocery apps get smart during the pandemic

Retail Dive
Since March, the grocery industry has witnessed tens of millions of grocery app downloads, translating to well over 100% growth for major names like Instacart, Shipt and Walmart. The new demand calls for new features that will enrich the user experience and make grocery shopping quicker and more seamless than ever. . . . more

These Men’s Wearhouse Stores Are Closing for Good

Footwear News
As owner Tailored Brands moves forward with bankruptcy proceedings, Men’s Wearhouse is set to permanently shut down dozens of stores across the country.. . . more

Chico's declares bankruptcy in Canada

Retail Dive
Chico's FAS Canada on Thursday filed for bankruptcy with the Ontario, Canada, office of the Superintendent in Bankruptcy, according to a filing with the U.S. Securities and Exchange Commission.. . . more

What the pandemic has done to Nordstrom's revamp

Retail Dive
Nordstrom began the year with high hopes.. . . more

Publix sales soar amid pandemic; stock price jumps

CSA
Publix’s sales in the first half of the year increased an estimated $2.5 billion due to the impact of the COVID-19 pandemic.. . . more

Plunge in retail rents continue on Fifth Avenue and other luxury shopping sites

CSA
Average asking rents along 16 high-yield retail corridors in Manhattan were $688 per square foot during the quarter ending on June 30. This was the 11th consecutive quarter that recorded a fall in retail rent and marked the first time the figure has dropped below $700 since 2011.. . . more

Monday, August 3, 2020

With sales down 87%, Pret a Manger is pulling out of the Boston and Chicago markets

Plain Vanilla Shell
With sales down 87%, Pret a Manger is pulling out of the Boston and Chicago markets as it takes “immediate steps” to stabilize its faltering business, the chain said in a statement. . . . more

Lord & Taylor Is Bankrupt as Retail Rout Continues

Footwear News

Lord & Taylor is bankrupt. After months of speculation, the struggling department store chain as well as its parent company Le Tote today became the latest fashion players to file for Chapter 11 bankruptcy protection — in the U.S Bankruptcy Court in Richmond, Va. Bloomberg News first reported the move this evening.. . . more

CVS to offer Venmo, PayPal QR codes in stores

Retail Dive
CVS will now integrate PayPal and Venmo QR codes into its checkouts across its 8,200 stores nationwide, PayPal announced on Thursday. As part of PayPal's collaboration with payments tech company InComm, CVS customers can pay for their purchase without touching a touchpad or signing a receipt.. . . more

The Top 10 COMEBACK Retail Center Experiences: No. 7 Assembly Row

CSA
When we visited this town-within-a-town on the outskirts of Boston as part our New England Top Stops tour last fall, one of the most memorable images we took home was a pack of kids crowded around the life-sized giraffe replica outside of Legoland. Now that 15-ft.-tall plastic ruminant sports a big black mask with a sunflowers on it.. . . more

Walmart cuts corporate jobs as it focuses on omnichannel push

Retail Dive
As Walmart looks to build out its omnichannel capabilities and centralize merchandising, it is restructuring parts of its corporate workforce.. . . more

Wawa to build first drive-thru, pickup only store

CSA
Wawa is exploring new store formats.. . . more

7-Eleven to Acquire Speedway

Plain Vanilla Shell
Marathon Petroleum Corp. has entered into a definitive agreement to sell its Speedway convenience-store chain to 7-Eleven Inc., a wholly owned, indirect subsidiary of Seven & i Holdings Co. Ltd., for $21 billion in cash. The transaction, which includes a 15-year fuel supply agreement, is expected to close in the first quarter of 2021, subject to customary closing conditions and regulatory approvals.. . . more

Friday, July 31, 2020

Columbia Delivers Earnings Beat Despite ‘Steepest’ Quarterly Decline in Sales

Footwear News
The coronavirus pandemic has made a significant dent in Columbia Sportswear Company’s balance sheet — but it still delivered an earnings beat.. . . more

Moncler to take control of its e-commerce operations

Retail Dive
Moncler on Monday announced it will manage its own e-commerce operations as part of a new digital strategy that aims to double its share of online business in the next three years. . . . more

Dunkin’ expects to close 800 U.S. stores

CSA
In the wake of declining Q2 sales, Dunkin’ Brands Group may close as many as 800 Dunkin’ stores by the end of 2020.. . . more

At Home anticipates record-setting Q2

CSA
At Home Group Inc. is feeling comfortable with preliminary second-quarter fiscal results.. . . more

California Pizza Kitchen files for Chapter 11 bankruptcy

CSA
A fast-casual dining chain is filing for voluntary Chapter 11 protection as part of a restructuring effort.. . . more

Study: Brick-and-mortar shopping makes a comeback

CSA
COVID-19 continues to have a major impact on consumer spending, but bright spots include physical stores and food delivery.. . . more

Report: Walmart eliminates jobs as part of reorganization

CSA
Walmart is reportedly cutting hundreds of corporate positions as it transforms into an omnichannel enterprise.. . . more

Thursday, July 30, 2020

CVS expands telehealth service to two new states

CSA
The CVS Health MinuteClinic retail medical clinic is now providing video visits to consumers in Georgia and Massachusetts.. . . more

Bankrupt JCPenney Races Toward a Sale, Will Not Liquidate

Footwear News
Bankrupt J. C. Penney Company Inc. doesn’t plan to close up shop. . . . more

Walmart expands employee app rollout, adds safety features

CSA
Walmart and Sam’s Club employees can now “Ask Sam” for any job-related information, including COVID-19 and emergency assistance. . . more

Wingstop's Success Story Continues Despite the Pandemic

Plain Vanilla Shell
Wingstop continues. . more

J. Jill to close stores as Q1 sales, profits plunge

Retail Dive
The apparel retailer reported a first quarter  . . more

Best Buy to close stores on Thanksgiving, jump-start holidays

CSA
Holiday deals will start early at Best Buy this year, but customers won’t have access to them in stores on Thanksgiving Day.. . . more

L Brands slashes 850 corporate jobs

CSA
The parent company of Victoria’s Secret is trimming corporate headcount as part of a larger $400 million cost reduction plan.. . . more

Wednesday, July 29, 2020

Sonic Unveils Bold New Restaurant Design

Restaurant News
On the heels of launching a new brand identity and advertising campaign in the spring, Sonic Drive-In recently unveiled the first drive-in of the brand’s new restaurant design – Delight. The updated look provides a fun and inviting space for guests to enjoy a moment of carefree bliss in their daily routine.. . . more

Whole Foods sweetens urban appeal with new Manhattan, D.C. stores

Plain Vanilla Shell
The past two weeks have seen Whole Foods Market open new stores in two major markets: New York City and Washington, D.C.. . . more

Under Armour discloses possible SEC action

CSA
Under Armour has been officially notified of a preliminary recommendation for the Securities & Exchange Commission (SEC) to file an enforcement action.. . . more

Walgreens CEO to step down

Retail Dive
Walgreens Boots Alliance on Monday announced that Stefano Pessina is stepping down as CEO after over five years in the job. He took the post after the 2014 merger with U.K. drugstore Boots. . . . more

Lands' End issues 'going concern' warning as it looks to refinance debt

Retail Dive
With debt maturities looming next year, Lands' End acknowledged that there is "substantial doubt" about the company's ability to survive over the next 12 months.. . . more

Francesca's sees itself on 'right path forward' after COVID-19 hammered sales

Retail Dive
Apparel retailer Francesca's sounded an optimistic note while reporting Tuesday that sales fell 50% in the quarter ended May 2, during which its 700-plus stores were closed due to the COVID-19 pandemic.. . . more

Report: Sycamore closes in on J.C. Penney purchase

CSA
A private equity group is reportedly bidding $1.75 billion to purchase the bankrupt J.C. Penney department store chain.. . . more

Tuesday, July 28, 2020

ShopRite uses robotics to offer contactless salad bar

CSA
A mid-Atlantic grocery co-op is piloting a salad bar that is self-serve – and roboticized.. . . more

Dick’s extends premium pay, will close stores Thanksgiving

CSA
Dick’s Sporting Goods will now provide a temporary pay boost through December and is the third major retailer to announce a Thanksgiving store closure.. . . more

Monday, July 27, 2020

Two longtime Foot Locker execs retire as part of organizational restructuring

Retail Dive
Foot Locker on Thursday followed Nike in announcing changes to its organizational structure "designed to foster greater agility and speed-to-act," according to a company press release.. . . more

Old Navy launches tween brand with PopSugar

CSA
Old Navy is teaming up with a leading young women’s lifestyle site to create a new product line aimed at 10-to-13-year-olds.. . . more

Yikes! Yelp says 60% of restaurant Covid-19 closures are permanent

CNN
A new national survey spells more bad news for the restaurant industry.. . . more

Digital sales drive impressive Albertsons earnings debut

CSA
Albertsons Companies sales and net earnings soared in its first-ever quarterly earnings report.. . . more

Target Follows Walmart’s Move, Will Close on Thanksgiving

Footwear News
As the coronavirus pandemic rages on, Target is joining Walmart and will close on Thanksgiving Day.. . . more

Edible® is Ripe for Franchise Growth Around the Globe

Plain Vanilla Shell
Edible®, one of the world’s most beloved and leading gift and treat destinations, is reflecting on a record breaking six months. A resilient and essential business, the brand continues to attract inspired entrepreneurs, signing a total of 37 new franchise agreements since January. Now, with a larger franchise development team in place, Edible is aiming for its next ambitious growth goal: to sign 80 to 100 new franchise agreements in the US and to find new franchisees for 5 international countries between now and the end of the year.. . . more

Here is the list of Ann Taylor, Loft, Justice store closings

CSA
Ascena Retail Group is reducing its store footprint from about 2,800 stores to some 1,200 stores.. . . more

Friday, July 24, 2020

Tractor Supply powers through Q2

Plain Vanilla Shell
Tractor Supply Company continues to roll in 2020.. . . more

Restaurant Chains Grabbed the PPP Lifeline

Restaurant Business
When the government first started processing Paycheck Protection Program loans in April, Plano, Texas-based burger franchise Mooyah worked with a lender to process loans for both the company and many of its franchisees.. . . more

Simon, Authentic Brands team up with offer for Brooks Brothers

CSA
The nation’s biggest mall owner is once again partnering to help save a struggling retailer.. . . more

Retailers join forces in bid to replace the plastic bag

Retail Dive
Target, Walmart and Kroger have entered a partnership with other retailers in a quest to speed up the development of a viable alternative to the plastic bag widely used by customers, according to a press release.. . . more

Retail REITs may not recover until 2022, S&P says

Retail Dive
With their fates tied to an industry disrupted by COVID-19, retail-based REITs might not recover until 2022, according to a report released Wednesday by S&P Global.. . . more

Why COVID Could Kickstart Chipotle’s Road to 5,000 Restaurants

Plain Vanilla Shell
Chipotle’s digital business more than tripled this past quarter as COVID-19 continues to rattle what we expect of consumer behavior. A 125 percent year-over-year lift in delivery. Order ahead up 140 percent. Entrees per digital transaction significantly higher. Fifteen million rewards members in 15 months—perhaps the fastest growing program in quick service history.. . . more

J.Jill gets more breathing room — again

CSA
J.Jill has once again gotten more time to keep a potential bankruptcy filing at bay. . . . more

Thursday, July 23, 2020

Amazon makes it official: Prime Day delayed

CSA
Amazon has officially confirmed that its annual two-day summer sales extravaganza is being delayed.. . . more

Four in 10 consumers currently boycotting a company

CSA
Pandemic and politics are causing a big spike in company boycotts.. . . more

Ann Taylor parent Ascena files for Chapter 11 bankruptcy

CNBC
The parent company of Ann Taylor and Loft, Ascena Retail Group, filed for Chapter 11 bankruptcy protection Thursday morning, marking the latest apparel maker to be pushed to the brink during the coronavirus pandemic. . . more

Neiman Marcus launches virtual hub as customers remain wary of indoor shopping

Retail Dive
Neiman Marcus on Tuesday announced the launch of "Your Neiman's," a digital hub offering personalized "luxury services and experiences," designed in part to help customers work around limits imposed by the COVID-19 pandemic. . . . more

BJ’s Wholesale expanding in New York

CSA
BJ’s Wholesale Club is opening two new locations in New York.. . . more

Grocery shopping frequency declines as pandemic concerns remain high

CSA
Consumers are shopping for groceries less but spending more than they did pre-pandemic.. . . more

Best Buy reports strong sales; raising starting wage

CSA
Best Buy Co. is on a roll, with its total second-quarter sales to date up over last year despite the disruption caused by the pandemic.. . . more