CSA
Express provided an upbeat assessment of its second-quarter results to date. . . . more
Wednesday, August 5, 2020
Michaels adds new ways to earn rewards
CSA
The Michaels Companies Inc. is expanding its Michaels Rewards omnichannel loyalty program.. . . more
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
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
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 Florida, New York, California, Michigan, Wisconsin 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
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 Florida, New York, California, Michigan, Wisconsin 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
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
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
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
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
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
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
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
Property and Asset Management, Retail Leasing & Tenant Representation, Investment Sales, Construction, Research, Consulting; Retail Real Estate, Office Real Estate, Industrial Real Estate, Commercial Real Estate; New England, New York,Washington, DC, Mid-Atlantic, and more.info@keypointpartners.com
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
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
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
As Walmart looks to build out its omnichannel capabilities and centralize merchandising, it is restructuring parts of its corporate workforce.. . . 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
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
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
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
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
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
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
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
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
The CVS Health MinuteClinic retail medical clinic is now providing video visits to consumers in Georgia and Massachusetts.. . . 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
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
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
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
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
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
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
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
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
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
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
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
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
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
Digital sales drive impressive Albertsons earnings debut
CSA
Albertsons Companies sales and net earnings soared in its first-ever quarterly earnings report.. . . more
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
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
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
Ascena Retail Group is reducing its store footprint from about 2,800 stores to some 1,200 stores.. . . more
Friday, July 24, 2020
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
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
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
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
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
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
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
Amazon has officially confirmed that its annual two-day summer sales extravaganza is being delayed.. . . 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
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
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
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
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
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
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