Wednesday, April 14, 2021
CVS bulks up in-store assortment of frozen food, snacks
CVS Pharmacy is launching expanded selections of more than 100 frozen foods, with a focus on meal planning, and over 140 better-for-you snacks. . . . more
Birkenstock Opens Its Third US Flagship — Why the Brand Still Believes in Brick & Mortar Retail
Footwear News
Birkenstock is ready for the revival of physical retail. . . . more
Hardest hit: Who is still at risk after last year's retail tribulations?
Retail Dive
You would be hard pressed to find a retailer that, for better or worse, was unaffected by COVID-19. . . . more
Check out Roche Bros.' new store at mixed-use development Arsenal Yards
CSA
Roche Bros. has opened a location at the 1 million-plus sq. ft. Arsenal Yards in Watertown, Mass. The new mixed-use project is a co-development of Boylston Properties and Wilder. . . . more
Kohl’s named Energy Star Partner of the Year for 10th consecutive year
CSA
It’s an even 10 for Kohl’s Corp. as the retailer is recognized for its longstanding commitment to energy efficiency. . . . more
Lowe’s targets pro customers with enhanced store experience
CSA
Lowe's is going after its professional customer (Pro) base by rolling out an in-store shopping experience created specifically for them. . . . more
Lowe's is going after its professional customer (Pro) base by rolling out an in-store shopping experience created specifically for them. . . . more
Taco Bell opens its first digital-only U.S. store in New York City
CSA
You can get anything you want at the newest Taco Bell restaurant – except for traditional ordering. . . . more
Tuesday, April 13, 2021
Publix now offers COVID-19 vaccinations across its market area
Supermarket News
Publix Super Markets is now providing COVID-19 vaccines in all seven Southeastern states where it operates. . . . more
Shoppers Are Heading Back to Malls — Is a Comeback on the Horizon?
Footwear News
Already faced with pressures from the acceleration of e-commerce, malls were dealt an even bigger blow when the COVID-19 pandemic brought traffic and sales to a near-standstill. . . . more
Already faced with pressures from the acceleration of e-commerce, malls were dealt an even bigger blow when the COVID-19 pandemic brought traffic and sales to a near-standstill. . . . more
Whataburger seeks to hire 50K employees with focus on managers
Restaurant Dive
Whataburger announced Thursday that it seeks to hire 50,000 employees "with an emphasis on finding business leaders to run its multi-million dollar restaurants." In a press release, CEO Ed Nelson emphasized general manager roles specifically. . . . more
How the pandemic drove retailers to on-demand warehousing
CSA
Companies that provide "on-demand" warehousing in the form of short-term contracts have experienced an uptick in demand as a result of the pandemic, which industry analysts say is explained by supply chains looking for agility and flexibility in their operations. Still, some question the value and say traditional 3PLs provide better long-term partners. . . . more
7-Eleven expands ‘evolution’ store concept
CSA
7-Eleven Inc. has opened the latest version of its “evolution” store format. . . . more
CBL focuses on local tenants in its new mall campaign
CSA
Though scores of national brand retailers populate the 100-plus malls and outdoor centers CBL Properties operates in 24 states, the Chattanooga, Tenn.-based company likes to point out that some 1,300 of its tenants are locally owned businesses. . . . more
Bed Bath & Beyond in new effort to take lead in $180 billion home market
CSA
Bed Bath & Beyond is launching one of its biggest brand campaigns ever in a move to position itself as the leading authority in home goods. Store employees will be outfitted with uniforms as part of the initiative. . . . more
Monday, April 12, 2021
McDonald’s closing hundreds of locations inside Walmart stores
CSA
A decades-old partnership between two giants in their sectors is not what it used to be. . . . more
Roche Bros. makes debut in Arsenal Yards mixed-use project
Supermarket News
Anchor store marks upscale chain’s first location in Watertown, Mass. . . . more
Retail defaults to decline — but will still be high: Moody's
CSA
Debt defaults in retail and apparel will decline this year to an estimated 5.3%, according to a recent Moody's report on companies in the industry it rates. . . . more
Will suburbia save the mall?
Retail Dive
The COVID-19 pandemic has been an extreme event. The disease outbreak has devastated human health and upended the global economy, and remains a threat after a year despite the rapid development of vaccines. When it comes to business in general and retail in particular, it has altered or sped up several trends, including the decline of malls, once the favorite shopping destination of much of America. . . . more
IBM: Most shoppers eager to return to stores
CSA
The tides may be turning for brick-and-mortar stores, with consumers indicating a strong desire, once they are vaccinated, to return to malls and shopping centers. . . . more
BJ’s Wholesale Club CEO dies at 49
CSA
Lee Delaney, the president and CEO of BJ’s Wholesale Club, passed away unexpectedly on Thursday, April 8, the company said. . . . more
Amazon to open its first grocery stores on the East Coast
CNBC Business
Amazon is opening its first grocery stores on the East Coast, the company confirmed Thursday, in the latest sign of its efforts to upend traditional supermarkets. . . . more
Friday, April 9, 2021
GameStop to name Ryan Cohen as next chairman
Retail Dive
GameStop's board has formed a new strategic committee tasked with "accelerat[ing] the Company's transformation." Already the committee has hired a new chief technology officer and executives to lead customer care and e-commerce fulfillment. . . . more
Tailored Brands left bankruptcy and quickly unravelled. What's next?
Retail Dive
George Zimmer opened the first Men's Wearhouse with $7,000 of his own money and $30,000 borrowed from his father, a raincoat manufacturer. . . . more
Dick’s Sporting Goods updating Golf Galaxy stores; opens 34 in-store soccer shops
CSA
Dick’s Sporting Goods is doubling down on two popular sports: golf and soccer. It’s also expanding its warehouse store format. . . . more
Dick’s Sporting Goods unveils new store concept — complete with outdoor track
CSA
Dick’s Sporting Goods has gone experiential. . . . more
Costco sales rise 17.6% in March
CSA
Costco Wholesale Corp. reported stronger-than-expected sales for March. . . . more
Mall vacancy rate increases by a record margin
CSA
Mall vacancy rate in the United States rose from 10.5% in the fourth quarter of 2020 to 11.4% in the first quarter of 2021, according to Moody’s Analytics. . . . more
Regal Cinemas to re-open 500 locations this spring
CSA
After six months of closed theaters and an operating loss $2 billion, Regal Cinemas will be re-opening some 500 theaters beginning this month. Attendance will be capped at between 25% and 50% of capacity, depending upon location. . . . more
Thursday, April 8, 2021
Best Buy pilots $200 membership
Retail Dive
Best Buy on Tuesday announced that it is piloting a paid membership program called Best Buy Beta, according to a company announcement. . . . more
Restaurants could see up to 30% check boost from latest stimulus, Rabobank predicts
Restaurant Dive
The $1,400 stimulus checks rolling out to consumer's bank accounts as part of the $1.9 trillion American Rescue Plan are expected to lift restaurant sales by as much as 20% to 30% during the next several weeks, according to a report from Rabobank using Earnest Research. . . . more
Good news for stores: Consumer sentiment about COVID-19 recovery improving
CSA
The number of consumers who are ready to pursue normal activity is on the rise. . . . more
Discount Tire hits the road with mobile tire inspections
CSA
The world’s largest independent retailer of tires and wheels is deploying a proprietary tire tread depth-reading mobile solution. . . . more
Tropical Smoothie Café expansion heats up
CSA
Tropical Smoothie Café is on track for another strong year. . . . more
NY mall faces financial woes from theme-park investments, but vaccine rollout gives hope
Fox Business
In some of the country’s largest shopping malls, the strategy to add theme-park-like attractions to make up for declining foot traffic looks less like a lifeline and more like a burden. . . . more
More retail pain ahead: UBS predicts 80,000 stores will close in the U.S. by 2026
CNBC Business
Although the pace of store closures has slowed from its 2019 peak, don’t expect the reprieve to last long, according to a new UBS report that suggests America still has far too much retail space per capita. . . . more
Wednesday, April 7, 2021
Commercial Real Estate at a Crossroads
IMF Blog
Empty office buildings. Reduced store hours. Unbelievably low hotel room rates. All are signs of the times. The containment measures put in place last year in response to the pandemic shuttered businesses and offices, and dealt a severe blow to the demand for commercial real estate—especially, in the retail, hotel, and office segments. . . . more
Empty office buildings. Reduced store hours. Unbelievably low hotel room rates. All are signs of the times. The containment measures put in place last year in response to the pandemic shuttered businesses and offices, and dealt a severe blow to the demand for commercial real estate—especially, in the retail, hotel, and office segments. . . . more
Mall vacancies jump at fastest pace on record, hitting new high, as retailers cull store counts
CNBC Business
If you noticed more darkened windows and empty stores at the mall recently, you’re not alone. . . . more
Walmart to expand mobile wellness fleet to help with vaccinations
CSA
Walmart is ramping up its efforts to vaccinate folks in vulnerable communities. . . . more
Restaurant chain winners in 2020 included….
CSA
Some restaurant chains fared better than others amid the pandemic — a lot better. . . . more
Kohl’s opens sixth e-commerce fulfillment center
CSA
Kohl’s is supporting its rapidly-growing digital sales with a new dedicated fulfillment center. . . . more
Dick’s Sporting Goods launching concept store as competition heats up with Nike and other big brands
MarketWatch
Dick’s Sporting Goods Inc. DKS, +1.82% said Monday that it is launching a new concept store, Dick’s House of Sport, in Victor, NY on April 9. . . . more
Dick’s Sporting Goods Inc. DKS, +1.82% said Monday that it is launching a new concept store, Dick’s House of Sport, in Victor, NY on April 9. . . . more
Amazon is snapping up disused shopping malls and turning them into fulfillment centers
NBC News
Malls that buckled due to e-commerce or suffered during the pandemic are being given new life by the very entity that precipitated their decline — Amazon. . . . more
Malls that buckled due to e-commerce or suffered during the pandemic are being given new life by the very entity that precipitated their decline — Amazon. . . . more
Monday, April 5, 2021
Walmart, H&M among retailers in US most exposed to Suez Canal disruptions
Retail Dive
Europe is the region expected to experience the largest impact from the days-long blockage of the Suez Canal with the United Kingdom, Germany, Belgium, France, Netherlands, Italy, Switzerland, Spain, Turkey and Austria expected to take on the most repercussions, according to an analysis emailed by Dun & Bradstreet. . . . more
Europe is the region expected to experience the largest impact from the days-long blockage of the Suez Canal with the United Kingdom, Germany, Belgium, France, Netherlands, Italy, Switzerland, Spain, Turkey and Austria expected to take on the most repercussions, according to an analysis emailed by Dun & Bradstreet. . . . more
For Supermarkets and Big Box, a Change of Scene in Design
CSA
Better designs for large-format stores are essential for success during the pandemic recovery phase in 2021 and long after. That’s one reason new retail setups and renovations are such a strong focus now. . . . more
Trader Joe’s is first grocer to use special app to help shoppers with austism
CSA
Trader Joe's is offering a free app designed to make the world a more accessible place for people with cognitive and intellectual disabilities. . . . more
Consumer confidence jumps to highest level in a year
CSA
Consumer confidence surged in March as Americans grew more optimistic about the economy and labor market. . . . more
Popular Discount Retail Store Coming To Western New York With Three Locations
Plain Vanilla Shell
According to WGRZ (first reported by Buffalo Business First), there's a discount retail chain called Gabe's that will be bringing not one, but three new locations to Western New York. . . . more
Friday, April 2, 2021
Joann swings to Q4 profit as sales rise 21%
CSA
Joann swung to a profit in its fourth quarter and full-year as consumers spent more time at home and invested in crafting projects amid the pandemic. . . . more
Walgreens to launch digital bank accounts this year
Retail Dive
Walgreens plans to launch bank accounts that will be available to customers online and at 9,000 of its retail stores in the second half of 2021, the company announced Tuesday. . . . more
Walgreens plans to launch bank accounts that will be available to customers online and at 9,000 of its retail stores in the second half of 2021, the company announced Tuesday. . . . more
Malls tout proposed changes to REIT rules as good for retailers
Retail Dive
More retailers could end up in the coffers of their mall landlords if a bill introduced in the U.S. House of Representatives last month gains any traction. . . . more
More retailers could end up in the coffers of their mall landlords if a bill introduced in the U.S. House of Representatives last month gains any traction. . . . more
Hy-Vee goes chainwide with COVID-19 vaccinations
Supermarket News
Midwestern grocer expands immunization capabilities with allocation of more doses. . . . more
Instacart continues to expand beyond grocery in partnership with Michaels
Supermarket News
Crafts chain launches pilot of same-day delivery service, adding to Instacart’s roster of non-grocery retailers . . . more
How Flynn Restaurant Group renovates underperforming Arby's units with little down time
Restaurant Dive
Whenever Ron Bellamy, Flynn Restaurant Group's chief improvement officer, drives by his local Arby's in Cleveland, he is reminded of a glaring issue with the QSR's system. . . . more
Whenever Ron Bellamy, Flynn Restaurant Group's chief improvement officer, drives by his local Arby's in Cleveland, he is reminded of a glaring issue with the QSR's system. . . . more
Boston restaurant owner says COVID created workforce dilemma
Fox Business
Chris Coombs, co-owner of Boston Urban Hospitality, said Monday, that he's facing a staff shortage amid a "surge in business" one year after coronavirus lockdowns. . . . more
Thursday, April 1, 2021
Report: 10% of all restaurants have closed during pandemic
SOURCE
Over 10% of U.S. restaurants have closed permanently since the start of the pandemic in March 2020, according to Datassential research. This equates to 79,438 shuttered restaurants out of the 778,807 in operation since the onset of COVID-19. The data does not include restaurants that have opened during the pandemic.
. . . more
Over 10% of U.S. restaurants have closed permanently since the start of the pandemic in March 2020, according to Datassential research. This equates to 79,438 shuttered restaurants out of the 778,807 in operation since the onset of COVID-19. The data does not include restaurants that have opened during the pandemic.
. . . more
Months out of bankruptcy, Neiman Marcus refinances $1.1B in debt
Retail Dive
Neiman Marcus refinanced $1.1 billion in debt after emerging from Chapter 11 last fall, buying the company time and adding funds for a turnaround. . . . more
Travel retailer’s newest store model is an interactive vending machine
CSA
Hudson is offering 24/7, contactless shopping for hurried airport shoppers. . . . more
Staples exploring options to acquire certain assets of Office Depot parent company
CSA
Staples is once again looking to acquire a rival. . . . more
Study: In-store shopping rises amid vaccinations
CSA
Early shopping trends among consumers who have received the COVID-19 vaccine are promising. . . . more
Early shopping trends among consumers who have received the COVID-19 vaccine are promising. . . . more
Topgolf founders launching mini-golf, entertainment concept in the U.S.
CSA
An entertainment concept that combines tech-infused mini-golf with food and drink is set to open its first U.S. location. . . . more
An entertainment concept that combines tech-infused mini-golf with food and drink is set to open its first U.S. location. . . . more
American Freight Introduces Franchise Model Backed by 25+ Years of Growth and Profitability
Plain Vanilla Shell
American Freight is an established brand in the furniture, mattress and appliance industry backed by more than 25 years of proven success. The company is well established with a nationwide footprint of more than 350 stores and poised for even more exponential growth in 2021 through its new franchise model. . . . more
American Freight is an established brand in the furniture, mattress and appliance industry backed by more than 25 years of proven success. The company is well established with a nationwide footprint of more than 350 stores and poised for even more exponential growth in 2021 through its new franchise model. . . . more
Tuesday, March 30, 2021
As E-Commerce Sales Surge Triple Digits, Shoe Carnival Seeks to ‘Modernize’ Stores — What That Means
Footwear News
Shoe Carnival Inc. is zeroing in on the growing importance of omnichannel by embarking on ambitious plans to revamp its stores. . . . more
Bed Bath & Bath taps Walmart, Wayfair execs to drive digital sales
CSA
Bed Bath & Beyond Inc. has made two key hires as it looks to drive growth of its $3 billion digital business. . . . more
Bed Bath & Beyond Inc. has made two key hires as it looks to drive growth of its $3 billion digital business. . . . more
Retail groups seek to protect merchants in ongoing swipe fee litigation
CSA
The nation’s two largest retail trade are objecting to the scope of proposed class-action swipe fee litigation. . . . more
The nation’s two largest retail trade are objecting to the scope of proposed class-action swipe fee litigation. . . . more
Saladworks to open 90 sites across U.S., Canada — mostly in Walmart stores
CSA
Saladworks is doubling down on the concept of ghost kitchens. . . . more
Saladworks is doubling down on the concept of ghost kitchens. . . . more
Report: American Dream fallout as lenders to take equity stake in Mall of America
CSA
Bankers are reportedly set to take a minority stake in the two largest malls in North America after their owner defaulted on its massive, 3.3 million-sq.-ft. retail and entertainment development in New Jersey. . . . more
Bankers are reportedly set to take a minority stake in the two largest malls in North America after their owner defaulted on its massive, 3.3 million-sq.-ft. retail and entertainment development in New Jersey. . . . more
Bridgestone to open nearly 60 stores in 2021
CSA
Bridgestone Retail Operations is continuing to expand its U.S. footprint. . . . more
Bridgestone Retail Operations is continuing to expand its U.S. footprint. . . . more
Dunkin’ hits 'Next Gen' store milestone; upcoming locations in the works
CSA
Dunkin’ continues to roll out its updated “Next Gen” store format. . . . more
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