Friday, September 18, 2020

A long-awaited moment of truth for GameStop

CSA
GameStop may have unlocked a 1-up in a tumultuous 2020. . . . more

Herman Miller to unveil new store concept that leverages work-from-home trend

CSA
Herman Miller is expanding its retail presence. . . . more

Choice Market Secures Growth Capital for Expansion Across the U.S.

Restaurant News
Choice Market, an omnichannel convenience store operator based in Denver, has recently secured growth financing to help fuel its next phase of growth throughout the U.S.. . . more

New York City’s first COVID-related supplies store opens

CSA
Shoppers and businesses in Manhattan have a new place to stock up on sanitizing and personal protection items. . . more

Bed Bath & Beyond takes next step into personalization

CSA
Bed Bath & Beyond is obtaining a better omnichannel view of the customer with Google Cloud.. . . more

Owners optimistic about plan to save Connecticut’s largest mall

CSA
With 1.3 million sq. ft. of gross leasing area and minus two anchors with the departures of Sears and J.C. Penney, The Connecticut Post Mall in Milford is encountering the same questionable future being faced by so many massive, enclosed shopping centers built in the Seventies and Eighties.. . . more

Tractor Supply hits 1,900 store mark

CSA
Tractor Supply Company isn’t slowing down its growth amid the pandemic.. . . more

Thursday, September 17, 2020

Centennial hatches plan to let people shop their malls like they shop Amazon

CSA
Back in March and April, when the COVID-19 pandemic began putting malls out of business, Centennial executives hunkered down in a series of defensive planning meetings to weather the crisis.. . . more

Flywheel Files For Bankruptcy, To Close Locations

Plain Vanilla Shell
Flywheel Sports Inc., the cycling studio, has reportedly filed for Chapter 7 liquidation with a plan to close its remaining 28 locations.. . . more

Squisito Pizza & Pasta: Please don't call it just a pizzeria

Plain Vanilla Shell
There are some ironies in the story of Maryland-based Squisito Pizza & Pasta. First, there's the fact that the brand's founder, Gennaro DiMeo, opted to specialize in New York-style pizza despite coming to the U.S. at age 15 from his birthplace of Naples, Italy.. . . more

Dressbarn to offer contactless returns

Retail Dive
Happy Returns will facilitate Dressbarn's return processes, including providing software and reverse logistics for the apparel retailer. . . . more

A case for radical retail reinvention

Retail Dive
In a case of cinematically bad timing, three of the largest retail projects to hit the New York City metro area opened less than a year before a historic pandemic shut everything down.. . . more

CVS offers special access to Apple Fitness+

CSA
CVS Health is developing integrated subscription plans for the new Apple Fitness+ digital fitness experience.. . . more

Hobby Lobby to raise minimum wage to $17 per hour

CSA
Hobby Lobby Stores is poised to become one of the highest-paying U.S. retailers when it comes to starting wages for full-time workers. . . . more

Tuesday, September 15, 2020

New York Sports Club owner files for bankruptcy, with gyms hit by pandemic

CNBC
New York Sports Club owner Town Sports International filed for Chapter 11 bankruptcy Monday, with many gyms nationwide still shut by the coronavirus pandemic.. . . more

Batteries Plus Poised for Expansion Due to Essential Demand for Batteries, Lights and Repairs

Plain Vanilla Shell
As a result of the ongoing pandemic and the ever-increasing demand for essential products that fill consumer's immediate needs, one national specialty retailer is experiencing unprecedented growth.. . . more

PetSmart to offer same-day delivery through DoorDash

Retail Dive
PetSmart will offer on-demand, same-day delivery through DoorDash at more than 1,400 of its locations across the U.S., according to a company press release emailed to Retail Dive.. . . more

J.Jill in agreement to avoid bankruptcy; will restructure out of court

CSA
J.Jill has managed to avoid taking a trip bankruptcy court.. . . more

Leases for 280 Stein Mart stores are on the market

CSA
A&G Real Estate Partners announced it has begun marketing leases for 280 Stein Mart locations being closed in connection with the company’s bankruptcy filing.. . . more

First Look: Apple’s most ambitious store yet floats on the water

CSA

Apple has opened a store that sits on the waters of Marina Bay in Singapore.. . . more

Connecticut’s largest mall’s fate rests on zoning board’s decision

CSA
The Connecticut Post Mall in Milford, Conn., lost its Sears and J.C. Penney and wants to fill those empty spaces with luxury apartments that owner Centennial thinks would fill a need in the community and save the property.. . . more

Monday, September 14, 2020

Chewy has already added more customers this year than in all of 2019

Retail Dive
Chewy on Thursday reported that second quarter net sales grew 47% to $1.69 billion, with auto-ship sales delivering $1.16 billion or 68.3% of that, according to a 10-Q filing with the Securities and Exchange Commission.. . . more

Owner of Boston Sports Clubs files for bankruptcy protection

WCVB
The owner of Boston Sports Clubs filed for bankruptcy protection, adding to the frustrations of its customer base amid the coronavirus pandemic.. . . more

Friday, September 11, 2020

Boston’s Iconic Pop-Up Village to Open with New Stores for Fall and Holiday Shopping at Seaport

Boston Real Estate Times
The Current in Seaport will support an entrepreneurial collection of seven businesses beginning this September. The retail incubator will house these brands beginning this fall through the holiday season.. . . more

Kroger posts strong Q2 as digital sales jump 127%

CSA
The Kroger Co. reported better-than-expected second-quarter earnings and sales amid surging digital growth.. . . more

Papa John’s Announces Significant Development Deal to Expand in Philadelphia Area

Restaurant News
Papa John’s International, Inc. (NASDAQ: PZZA) today announced the signing of its largest traditional store development agreement in North America in over 20 years, accelerating growth of the Papa John’s brand in the Philadelphia area.. . . more

GNC strengthens order management capability

CSA
A leading vitamins and supplements retailer is compressing delivery times and optimizing order orchestration and fulfillment.. . . more

Lululemon to expand holiday pop-ups to 70 to ease pandemic pressure

Retail Dive
For the holiday season, Lululemon will expand its 50 pop-ups to 70, adding some near existing stores, and has developed omnichannel and communications options, to promote social distancing requirements due to the pandemic, according to a conference call transcript from Motley Fool.. . . more

Macy’s and Kohl’s Are Starting to See Their Store Traffic Recover in Hard-Hit Coronavirus States

Footwear News
Things are starting to look up for some department stores that had experienced plummeting traffic as the coronavirus pandemic made its way across the United States over the past six months.. . . more

Century 21 Goes Bankrupt

Plain Vanilla Shell
Century 21 Stores has gone bankrupt.. . . more

Thursday, September 10, 2020

Home Depot cancels Black Friday

CNN Business
Black Friday as you know it is gone this year at Home Depot.. . . more

GameStop is closing hundreds more stores

CNN Business
GameStop is closing about 100 more stores than it originally planned, with the struggling retailer warning of more closures next year.. . . more

Whole Foods to offer pickup from nearly all of its stores by end of month

CSA
Whole Foods Market plans to offer grocery pickup from 480 stores by the end of this month, a company spokesperson said. 
. . . more

First Look: Michaels unveils new concept stores

CSA
The Michaels Companies has debuted an enhanced shopping experience complete with a new layout, “inspiration hubs” and an innovative checkout design.. . . more

American Eagle swings to Q2 loss but Aerie continues to soar; closing 40 to 50 stores

CSA
American Eagle Outfitters Inc. reported smaller-than-expected second-quarter losses and sales that beat expectations, boosted by intimates brand Aerie.. . . more

LVMH pulls out of mega-deal to buy Tiffany; U.S. jeweler fires back

CSA
The biggest-ever deal in luxury retail is off — at least “as it stands” now.. . . more

Simon and Brookfield reportedly in $800 million deal to acquire J.C. Penney

CSA
Two mall owners have come to the rescue of embattled J.C. Penney.. . . more

Wednesday, September 9, 2020

The Paper Store emerges from bankruptcy

Retail Dive
Gift retailer The Paper Store exited Chapter 11 Tuesday, after filing for bankruptcy less than 50 days ago.
. . . more

Kohl’s launches new loyalty program

CSA
Kohl’s Corp. is rolling out a new, more personalized loyalty program in time for the holidays.. . . more

Neiman Marcus reorg plan approved; to exit Chapter 11 by end of September

CSA
Neiman Marcus Group has received court approval of its Chapter 11 reorganization plan.. . . more

Coldwater Creek assets acquired by Hong Kong-based company

CSA
Coldwater Creek will be revived – online and in print.. . . more

San Francisco is going to get a new mall—from Ikea

CSA
One sees more stories about old malls closing during the COVID-19 pandemic, not new ones opening.. . . more

Lululemon Q2 tops expectations; ‘cautiously optimistic’ about remainder of year

CSA
Lululemon reported a better-than-expected second quarter as consumers flocked to its website and its stores reopened. . . . more

Texas chains Luby's and Fuddruckers will be up for sale in liquidation plan

CNN Business
Luby's, known for its namesake cafeterias that sell comfort food and the burger chain Fuddruckers, is planning to put its restaurants up for sale.. . . more

Tuesday, September 8, 2020

Costco Opens in Multiple Markets in U.S. and Canada

Plain Vanilla Shell
Ever on an upward trajectory, Costco is continuing to expand its hold on the retail landscape with new locations popping up in the United States and Canada.. . . more

Levin Leichtman Acquires Tropical Smoothie Café

Plain Vanilla Shell

Levin Leichtman Capital Partners, a private equity firm in Los Angeles, announced Tuesday that it has acquired Tropical Smoothie Café.. . . more

Jobs in these industries won't come back even after the pandemic is over

CNN Business
The pandemic has shaken up the US workforce.. . . more

What's in a flagship?

Retail Dive
Gap closing stores isn’t really news. The apparel retailer has been closing hundreds as it works to build back its brand, grow its e-commerce and get away from the mall. The company just announced yet more will shut down this year and next.. . . more

Midwest sporting goods retailer brings checkout to the customer

CSA
Scheels is equipping store associates with a mobile POS/CRM solution.. . . more

Michaels ups holiday hiring

CSA
The Michaels Companies is one of the first retailers to announce its hiring plans for a holiday season that is likely to be far different than years past.. . . more

9 retailers that are avoiding the industry's shakeout and opening stores

CNBC
The coronavirus pandemic has upended the retail industry and pushed dozens of companies into bankruptcy.. . . more

Friday, September 4, 2020

J. Jill sales plummet 49%

Retail Dive
J. Jill on Thursday reported that second quarter net sales fell 49% to $92.6 million from $180.7 million in the year-ago period, with direct-to-consumer sales reaching 71.6% of that, compared to 42.6% last year.. . . more

The Paper Store emerges from bankruptcy

Retail Dive
Gift retailer The Paper Store exited Chapter 11 Tuesday, after filing for bankruptcy less than 50 days ago.
. . . more

Dick’s Sporting Goods sets store openings for September

CSA
Dick’s Sporting Goods keeps expanding its nationwide footprint.. . . more

Walmart’s holiday plans include letting kids try out toys — virtually

CSA
Walmart’s annual hottest toys list is out and it’s an indication of how the pandemic has upended so many retail traditions.. . . more

Check out Burger King’s ‘touchless’ – and smaller restaurants of the future

CSA
Burger King unveiled two futuristic restaurant designs that offer a “touchless” experience, complete with conveyor belts that deliver orders to customers.. . . more

Retail to open at American Dream on October 1

CSA
H&M, Primark, and Zara will finally open their stores at American Dream—Triple Five’s long-stalled New Jersey mega-mall—on Oct. 1.. . . more

Five Below Q2 tops Street; plans 110 to 120 new stores, 45 remodels

CSA
Five Below isn’t letting the pandemic get in the way of its store expansion.. . . more

Thursday, September 3, 2020

The Backroom: When malls buy their tenants

Retail Dive
It started in April. Retailers, pummeled by a health crisis that forced an unexpected wave of store closures, started looking for creative ways to tighten their belts. On the list of costs retailers were struggling to address: rent. . . . more

Back-to-school shoppers are showing up after all, study shows

Retail Dive
The back-to-school season isn't going to be as strong as it was last year, when August store visits rose 5.1% at Target, 3.7% at Best Buy and 2.5% at Walmart. But recent footfall analysis from Placer.ai suggests it is nevertheless set to come to the aid of retailers.. . . more

A&W Restaurants Posts Third Straight Month of Double-Digit Comp-Sales Growth

Restaurant News
Sales at franchised A&W restaurants soared 12% in July, the third straight month of double-digit same-store sales growth. By comparison, year-over-year average weekly sales at U.S. limited-service burger chains increased only 1.7%, according to Cardlytics.. . . more

Retail's pandemic imperative: Reinventing the front end

CSA
The coronavirus pandemic is fundamentally changing the way people shop; not just now, but for the foreseeable future. And as with any seismic shift, opportunity abounds.. . . more

At Home reports its best-ever quarterly comps, profitability

CSA
At Home reported a strong second quarter as consumers continued to spend time and money on decorating
and organizing their homes – a trend the retailer sees persisting for some time to come.
 . . . more

Macy’s to test smaller stores in non-mall locations; expects drawn-out holiday

CSA
Macy’s is looking at different locations to grow its brand. It’s also preparing for a holiday season that will be different from years past.. . . more

Target dives even deeper into grocery with big expansion of its private brand

CSA
Target Corp. is adding hundreds of new products to its private-label food brand, Good & Gather. It’s also adding a premium line extension.. . . more