Wednesday, November 24, 2021

Avoid these 3 holiday scams on Black Friday and Cyber Monday

CNBC Business
Black Friday and Cyber Monday are almost here — and consumers shopping for the winter holidays should be on the lookout for online scams. . . . more

Supply chain issues take big bite out of Gap; slashes full-year forecast

CSA
Gap Inc. delivered disappointing third-quarter results as COVID-related factory closures and ongoing port congestion led to “significant” product delays. . . . more

Nordstrom Q3 earnings fall amid labor costs, weak Rack sales

CSA
Nordstrom Inc.’s third-quarter earnings fell short of estimates due to higher labor costs and challenges in its off-price Rack division, whose sales fell from pre-pandemic levels. . . . more

Why thousands of restaurants are open, but you're not allowed inside

CNN Business
Early in the pandemic, restaurants had to close their dining rooms because of local or national restrictions intended to curb the spread of the coronavirus. Those restrictions have mostly lifted — but thousands of restaurant dining rooms are still unavailable to customers. . . . more

Stores are closing on Thanksgiving, but thousands of retail staff are still working

CNN Business
Store workers at major US chains are getting to spend Thanksgiving at home as more retailers decide to close their doors for the holiday. But not all retail staff will get the day off. . . . more

Going to the store may be your smartest bet to navigate the supply chain crisis this holiday

CNN Business
The supply chain crisis means last-minute gift buyers may have little choice but to go shopping the old-fashioned way this holiday season. . . . more

How retailers can evolve and thrive in 2022

Supermarket News
The year is coming to a close, and retailers’ plans for 2022 are already well underway, paying close attention to the market shifts that took place in 2021. . . . more

Tuesday, November 23, 2021

Wingstop Breaks Into Manhattan, with 20 More Stores on the Way

QSR
Wingstop announced plans in July to develop the Manhattan, New York, area in a company-owned strategy that includes an asset mix of traditional locations and ghost kitchens, with more than 20 upcoming openings over the course of three years. . . more

Burlington Stores See Same-Store Sales Climb 16 Percent Against Q319

SGB Media
Burlington Stores, Inc. reported earnings and sales gains for the third quarter ended October 30, 2021 against the third quarter of 2019 but also said freight and supply chain challenges pressured margins in the period. . . . more

Best Buy CEO says the trauma from rising retail thefts could force employees to quit

CNBC Business
Best Buy CEO Corie Barry said Tuesday that rising theft is hitting the company’s profits and could hurt employee retention at a time when the labor market is tight, especially in the retail industry. . . . more

Dollar Tree hikes prices 25%. Most items will cost $1.25

CNN Business
Dollar Tree will soon be $1.25 tree. . . . more

First Look: Panera Bread unveils next-gen restaurant

CSA
Panera Bread is doubling down on drive-thru without neglecting dine-in. . . . more

Monday, November 22, 2021

Amazon to open first grocery stores in Massachusetts, New England

WCVB
Amazon, the online e-commerce behemoth that delivers millions of packages to New England homes each day, is set open its first grocery stores to Massachusetts. . . . more

Target To Keep Stores Closed On Thanksgiving Permanently

CBS Boston
Target will no longer open its stores on Thanksgiving Day, making permanent a shift to the unofficial start of the holiday season that was suspended during the pandemic. . . . more

Friday, November 19, 2021

Shoe Carnival Just Had Its Best Quarter Ever. Its Newly Minted CEO Explains Why.

Footwear News
It’s been a busy few months for Mark Worden. . . . more

BJ’s nets sales double-double in third quarter

Supermarket News
BJ’s Wholesale Club saw both net and comparable sales climb by double digits in its fiscal 2021 third quarter, adding to double-digit sales gains from elevated consumer demand a year ago. . . more

Macy’s and Kohl’s are raising clothing prices to protect profits. Investors see that as a big win.

CNBC Business
A round of major retail earnings this week revealed a stark divide in the industry between the retailers that are trying to keep prices low for customers amid rising inflation, and those that are able to pass on costs to shoppers this holiday season. . . . more

Video game consoles and smartphones will be harder to find this holiday season

CNN Business
The global chip shortage is making it harder for shoppers to get their hands on some of the most sought after tech gadgets of the holiday season. . . . more

Macy's to delay store closures, launch third-party marketplace next year

Retail Dive
Macy's is pausing its plan to close 125 stores, announced last year as part of its Polaris turnaround, telling analysts Thursday that physical locations have proven key to digital as well as brick-and-mortar sales. . . more

Nordstrom to expand in entirely new category via deal with Fanatics

CSA
Nordstrom is beefing up its online assortment by entering the licensed sports merchandise category for the first time in its history. . . . more

Thursday, November 18, 2021

CVS Plans To Close 900 Stores In The Next 3 Years

CBS Boston
CVS announced Thursday it is planning to close about 300 stores per year over the next three years, while increasing its offering of health services. The closures will start in spring of 2022. . . . more

Starbucks has opened a store with Amazon Go

Supermarket News
Starbucks opened its first Starbucks Pickup store in partnership with Amazon Go on the Upper East Side in New York City Thursday, with two more on the way in the area by early 2022. . . . more

Placer.ai: The holiday shopping season may have begun in October

CSA
There isn’t a retail research firm or an investment house that hasn’t predicted an early start to a holiday season in which product availability is being curtailed by supply chain problems, and Placer.ai’s October Mall Index indicates Christmas shopping is underway. . . . more

Solstice Sunglasses reduced rents significantly to exit Chapter 11

CSA
With its revenues slashed in half by mandatory store closings in 2020, Solstice Sunglasses sought bankruptcy protection and emerged from Chapter 11 with fewer shops and smaller rents. . . . more

Amazon 4-Star and Warby Parker to open at Cherry Hill Mall

CSA
Prominent online brands continue to expand to high-profile physical retail locations, the latest being Amazon 4-Star and Warby Parker signing leases at the super-regional Cherry Hill Mall in New Jersey. . . . more

TJX revenue up 20% over pre-pandemic level as HomeGoods continues to soar

CSA
The TJX Cos. reported revenue and earnings that beat analysts’ expectations as comp-sales rose across all its brands, with Home Goods the star of the show. . . . more

Retail winners of past year: Target, Best Buy, and dollar stores

CSA
During a three-hour webinar yesterday, foot traffic analyst Placer.ai, itself a big winner over the past year, asked panelists to name the retail brands they thought conquered the pandemic. Topping the list were Target and Best Buy. . . . more

Target beats expectations; ready for holidays with inventory up nearly 20%

CSA
Target Corp. reported stronger-than-expected third-quarter earnings and sales and said it’s ready for the holidays as it remains focused on “protecting prices” for customers. . . . more

Wednesday, November 17, 2021

Supermarket chains unveil private-brand additions

Supermarket News
The Save Mart Cos. and H-E-B have added new labels to their own-brand portfolios, while The Kroger Co. has updated its Comforts line of disposable diapers. . . . more

Foot Locker merges Champs Sports and Eastbay brands

Retail Dive
Foot Locker is merging its Champs Sports and Eastbay brands after last year integrating the corporate organizations for both labels, according to a company release. . . . more

Papa John's redesigns its logo and stores

CNN Business
Papa Johns is the latest restaurant brand to give itself a makeover. . . more

KFC wants customers to ditch the drive-thru

CNN Business
Restaurant drive-thrus have become too popular for their own good. Kentucky Fried Chicken wants its customers to ditch them. . . . more

What supply chain crisis? America's largest retailer is doing just fine

CNN Business
The supply chain crisis isn't slowing down Walmart. . . . more

Christmas Trees May Cost More This Year Due To Shortage

CBS Boston
Christine Spillane says her nursery in Middleboro is getting ready for the post-Thanksgiving Christmas tree rush. Their trees will arrive next week but it will be a much smaller inventory. . . . more

Giant Food expands store footprint

CSA
Giant Food is expanding with two new stores. . . more

Tuesday, November 16, 2021

Dollar General Announces 18,000th Store Opening

Citizen Tribune
Today, Dollar General (NYSE: DG) announced the opening of its 18,000 th store located in Gulf Shores, Alabama. . . . more

Restaurant Brands International to acquire Firehouse Subs for $1B

Restaurant Dive
Restaurant Brands International has entered into an agreement to acquire Firehouse Subs for $1 billion in an all-cash transaction, the company announced Monday. . . . more

Monday, November 15, 2021

Grocery store CEO: How we're dealing with food shortages and higher prices

CNN Business
Since the onset of the pandemic, there has been intense scrutiny on the grocery industry, as historic demand and a stretched supply chain have led to rising food prices and shortages of certain products.. . . more

Chick-fil-A Restaurants Will Be Closed Christmas Weekend

CBS Boston
Chick-fil-A customers looking for their fix over Christmas weekend this year will be disappointed. . . more

KeyPoint Partners Negotiates Sale of Allston Storeblocks

Boston Real Estate Times
KeyPoint Partners (KPP) represented the seller and procured the buyer in the sale of 1-9 North Beacon Street/491 Cambridge Street and 479-489 Cambridge Street in Allston, Massachusetts for $7,940,000, said Jonathan Aron, Vice President of Investment Sales for the firm. . . more

ShopRite stores make debut a week apart

Supermarket News
Members of the Wakefern Food Corp. retail cooperative recently opened a pair of new ShopRite supermarkets a week apart in Matamoras, Pa., and Wayne, N.J. . . . more

Party City's Halloween more solid than scary, but costs loom

Retail Dive
Party City revenue during the Halloween period rose 13.9% year over year to $415.5 million, with retail revenue up nearly 20%. . . . more

Supply Chain Problems Affect Discount Stores Like T.J. Maxx, Marshalls

CBS Boston
Bummer for bargain hunters: It may be harder to snag designer clothes at T.J. Maxx, Burlington and Ross. . . . more

Genghis Grill Announces Franchise Expansion Strategy

QSR
Genghis Grill (Genghis), the nation’s leading build-your-own stir-fry concept with locations across the southern United States, has announced a franchise expansion strategy plan that will offer customization, freshness and fun in more communities across the nation. . . . more

Friday, November 12, 2021

Dollar General offers on-demand delivery of household essentials

CSA
Dollar General is making same-day, online delivery available from more than 9,000 stores. . . more

Food inflation stands out in October consumer pricing surge

Supermarket News
Much to the dismay of U.S. shoppers, consumer prices jumped more than 6% in October, boosted mainly by surging gasoline prices but also continued high inflation for food. . . more

AMC theaters now accepting cryptocurrencies

Fox Business
AMC Entertainment is now accepting more forms of payment at its theaters. . . more

Why Tapestry Is Confident It Will Meet Demand This Holiday Season

Footwear News
Tapestry isn’t worried about meeting demand this holiday season. . . more

Thursday, November 11, 2021

Grocery shoppers hitting the stores for Thanksgiving early this year

Supermarket News
More shoppers than ever are shopping early for Thanksgiving this year, according to a new report from IRI tracking the purchase of Thanksgiving-related grocery categories throughout October. . . . more

Ahold Delhaize USA adds to sales gains in third quarter

Supermarket News
Led by its U.S. businesses, global food retailer Ahold Delhaize saw fiscal 2021 third-quarter sales improve on a sequential basis and build on prior-year growth propelled by the pandemic. . . . more

Study: Mobile gamers level up commitment to QSR digital ordering

Restaurant Dive
Nearly two-thirds (65%) of mobile gamers said they order takeout food from quick-service restaurants (QSRs) via apps and websites more than they did a year ago, per AdColony's Mobile Trends in QSR report released today (Nov. 4). . . . more

The Children's Place launches tween brand Sugar & Jade

Retail Dive
In the midst of a tween clothing resurgence, The Children's Place on Tuesday announced the launch of Sugar & Jade, its new tween apparel, accessories and footwear brand, according to company information sent to Retail Dive. . . . more

Staples still wants to acquire Office Depot

CSA
The parent company of Staples remains determined to acquire its chief rival. . . . more

Capitulation In Wendy’s Market After Q3 Results

Entrepreneur
The market in The Wendy’s Corporation (NASDAQ: WEN) had been trying to push the share prices higher for the last couple of months but couldn’t make it happen. . . . more

Kmart will have only a handful of US locations by year’s end

WHDH
Kmart is shuttering its last-remaining store in Michigan, the state where the once-proud retail chain launched in 1899. It’s one of series of store closings that will leave the company with only six locations in the continental United States still in business by year’s end. . . . more