Friday, October 15, 2021

How traditional teen apparel brands went out of style

Retail Dive
There came a time when teens clad in low-rise jeans and T-shirts with giant logos from the likes of Express, Gap and Abercrombie & Fitch filled every high school classroom in America. . . . more

10 of The Most Underrated Restaurants in Maine

Seacoast Current
Maine is growing as a food destination. There are a few with names that everyone recognizes and will travel for miles to dine at. . . . more

Business leaders expect supply chain turmoil to last well into 2022

CNN Business
The ongoing supply chain crisis isn't going to end anytime soon, according to a new survey of chief financial officers. . . . more

Macy's teams up with Fanatics

Retail Dive
Macy's announced that it has entered into "an exclusive long-term partnership" with Fanatics that will broaden the company's assortment of fan gear online and through its app, according to a company announcement sent to Retail Dive. . . . more

Major mall owner introduces a digital short-term leasing program

One of the biggest victims of COVID-19 was the 10-year lease, long a standard at enclosed malls. Now one of the biggest mall owners in the United States, Macerich, is introducing QuikSpace, a digital platform that puts booking retail space on a par with reserving a hotel room. . . . more

Best Buy Announces Its Black Friday Plans for 2021

The official date of Black Friday 2021 is November 26, but the official start of Black Friday is much tougher to pin down. . . . more

Cambridge Bakery Makes List Of Top 50 Restaurants In America

Based on flavor, vibrance, and a ranking to reflect the rich mosaic of American dining, the New York Times has named one Cambridge restaurant in the top 50 places to eat across the country. . . . more

Thursday, October 14, 2021

McDonald’s to test McPlant burger created with Beyond Meat in eight U.S. restaurants next month

McDonald’s will test the plant-based McPlant burger created as part of its partnership with Beyond Meat in eight U.S. restaurants next month. . . . more

Walgreens CEO Roz Brewer: Tobacco sales under ‘real scrutiny’ as drugstore chain steps up health-care focus

Walgreens Boots Alliance CEO Roz Brewer said the drugstore is taking a hard look at whether it will continue to sell cigarettes and tobacco products as it steps up its focus on health care. . . . more

Walgreens posts higher profit as COVID-19 vaccinations continue to lift sales

Fox Business
Walgreens Boots Alliance Inc. said its profit rose for the recent quarter, with its role in administering COVID-19 vaccines continuing to help lift sales. . . . more

This world-famous restaurant ditched meat, but it's still charging $335 a person. Will people pay?

CNN Business
There was a moment last year, as Covid-19 brought the entire planet to a standstill, when the chef and owner of one of the world's most renowned and expensive restaurants thought he might lose everything. . . . more

Target keeps inventory moving in face of supply chain congestion

As retailers grapple with supply chain problems, Target is confident its proactive investments in fulfillment technology, distribution hubs and 24/7 supply chain operations are paying off as the holiday season approaches. . . . more

Wednesday, October 13, 2021

Stores are preparing for a blowout Halloween

CNN Business
Last year, Halloween entailed homemade candy chutes — pipes that allowed people to send candy down to costumed children without getting too close — and pre-packaged goody bags left on stoops, curbs and outdoor tables. . . . more

Nordstrom Looks to Hire 28,600 Seasonal and Regular Workers Ahead of the Holidays

Footwear News
Nordstrom, like other major retailers, is stepping up its hiring goals ahead of the holidays. . . . more

Ahold Delhaize hits 2021 target in shift to U.S. self-distribution

Supermarket News
Ahold Delhaize USA has transitioned The Giant Company’s Carlisle, Pa., distribution center into its self-distributed network, raising self-managed center-store volume to 65%, its goal for this year. . . . more

Stop & Shop kicks off Express delivery

Supermarket News
In partnership with Instacart, Stop & Shop has launched Stop & Shop Express, an online shopping service providing delivery of groceries, convenience products and household essentials in as soon as 30 minutes. . . . more

Remember when Macy's was the one removing department store names?

Retail Dive
It's quite possible that on Thanksgiving Day, during what's known in New York City as the "Macy's Day Parade," instead of the usual red, star-blazoned Macy's sign, a big "Amazon" billboard will feature prominently as the balloons and festive floats glide by. . . . more

Survey: Holiday in-store shoppers want extended hours, occupancy limits

A new survey confirms that holiday shopping will start early this year and that more of it will involve the physical store. It also reveals how retailers can make in-store shoppers feel more comfortable. . . . more

Best Buy to acquire Current Health as it dives deeper into home health care

Best Buy is betting that a good deal of health care in the future will be based in the home. . . . more

Tuesday, October 12, 2021

Office Depot, OfficeMax launch 20-minute pickup guarantee

Retail Dive
As retailers prepare for the forthcoming holiday season, Office Depot and OfficeMax have launched a "20 Minute Pickup Promise," an in store and curbside pickup service and guarantee at stores nationwide, the retailer announced on Wednesday. . . . more

Simon malls to close on Thanksgiving

Retail Dive
Simon Property Group on Thursday joined several retailers in shutting down on Thanksgiving Day. . . . more

7 experiential store concepts that opened this year

Retail Dive
As in past years, testing store concepts has been top of mind for retailers in 2021, as the industry moved past the mass closures and severely dampened traffic of 2020. . . . more

Kroger plans Northeast entry with next-gen fulfillment centers

America’s largest grocer is entering a new market and expanding its customer fulfillment centers (CFCs) and rapid online delivery program. . . . more

Scotch & Soda ramping up store expansion

Scotch & Soda is looking to grow its global presence. . . . more

Walmart in exclusive merchandise deal with Netflix

In time for holiday shopping, consumers can buy merchandise tied into “Stranger Things” and other popular Netflix shows on Walmart’s website. . . . more

Smaller Products, Rising Prices: Shrinkflation Hitting Grocery Store Shelves

CBS Minnesota
Shrinking products and rising prices. From cereal to soap, paper towels to pretzels, you might have noticed you’re not getting as much as you used to at the grocery store. . . . more

Friday, October 8, 2021

Pret A Manger debuts coffee subscription plans

Pret A Manger USA has launched a new Pret Coffee Subscription in New York City and Washington, D.C., the company said Thursday. . . . more

Burger King tests new plant-based Impossible Nuggets in three markets

Burger King is reportedly testing the new Impossible Foods nuggets in several markets, following the success of the plant-based Whopper. . . . more

Supply crisis drives Walmart and rivals to hire their own ships

Fox Business
The Flying Buttress once glided across the oceans carrying vital commodities like grain to all corners of the world. . . . more

Another disappointment: US economy adds only 194,000 jobs in September

CNN Business
America's economic recovery has hit a roadblock: US employers added only 194,000 jobs in September, another troubling sign that Covid is disrupting the economy. . . . more

7 mall stores you forgot about

Retail Dive
Why is it so much fun to discuss old retailers? And why do malls sometimes stoke feelings of nostalgia?  . . . more

Office return delays take big toll on Midtown Manhattan retail

The delayed return to offices due to the spread of the Delta variant has been a blow to the retail recovery in Manhattan. . . . more

Walmart to provide same-day delivery — for Home Depot customers

Walmart is kicking off its new delivery business with an impressive first client. . . . more

Tuesday, October 5, 2021

How America ruined Christmas

CNN Business
The supply chain nightmare that's been plaguing the global economy for over a year is about to snarl the holiday shopping season. . . . more

NRA: 78% of operators report decline in dine-in business

Restaurant Dive
Seventy-eight percent of restaurant operators report a decline in customer demand for indoor dining in recent weeks due to the rise of delta variant coronavirus cases, according to a survey by the National Restaurant Association Research Group of 4,000 operators. . . . more

As it opens more brick-and-mortar stores, Ross hires new CFO

Retail Dive
Adam Orvos, group senior vice president of supply chain administration at Ross Stores, has been promoted to Chief Financial Ofifcer, the retailer announced Wednesday. . . . more

Pre-bankruptcy payouts under fire from government watchdog

Retail Dive
Companies paid some $165 million in retention bonuses to executives in advance of Chapter 11 bankruptcies in 2020, according to an investigation by the Government Accountability Office. . . . more

Why retail bankruptcies have stopped dead — for now

Retail Dive
To appreciate the turnaround the entire retail industry has made over the past year, consider the months of July and August. . . . more

High-tech mini-golf/dining concept Puttshack in U.S. expansion

An entertainment experience that combines tech-infused mini-golf with food and drink and whose creators include the co-founders of Topgolf is set to open its second U.S. location. . . . more

U.S. convenience store sales in 2021 could top pre-pandemic levels

Convenience store retailers are bullish about their sales for 2021 but concerns persist. . . . more

Monday, October 4, 2021

Floral departments stem the tide of COVID's sales impact

Supermarket News
It’s no secret that supermarket floral departments struggled during the pandemic as many events were canceled, online shopping became the norm and those who did shop in person rushed to get in and out of stores quickly, not thinking about bringing home some bouquets—even though some beautiful flowers could have helped bring some happiness during the somber time. . . . more

Seacoast Liquor Stores See Big Sales Increase In New Hampshire

Seacoast Current
Thanks in part to the COVID-19 pandemic, Seacoast liquor sales in New Hampshire are up by more than $10 million over the past year. . . . more

Facing traffic declines, Bed Bath & Beyond swings to a loss

Retail Dive
Facing foot traffic declines to stores, Bed Bath & Beyond on Thursday reported net sales in the second quarter fell 26% year over year to $2 billion, while comparable sales decreased 1%. . . . more

Claire's files for IPO 3 years after bankruptcy

Retail Dive
Teen retailer Claire's has filed for an initial public offering just shy of three years after it emerged from a Chapter 11 reorganization. . . . more

California Pizza Kitchen completes debt refinancing transaction

California Pizza Kitchen (“CPK”) today announced that it has successfully completed a debt refinancing with a new $195mm Senior Secured Credit Facility with Canyon Partners (“Canyon”) and Rabobank, resulting in a significant reduction in interest expense and reduced leverage. . . . more

Fat Brands completes $300 million acquisition of Twin Peaks—its second major purchase this year

Fat Brands announced the completion of the $300 million acquisition of casual-dining ‘breastaurant’ sports bar brand Twin Peaks on Friday after initially agreeing to the purchase in September. . . . more

How Jersey Mike’s plans to open over 500 locations in 2 years

Much of the restaurant industry is still in recovery mode following the pandemic, with brands licking their wounds and establishing new systems and tools that help position them for the consumer demands of the future. . . . more

Friday, October 1, 2021

Chick-fil-A CEO Dan Cathy Stepping Aside in November

Chick-fil-A CEO Dan T. Cathy will step down on November 1, ending an eight-year run that saw the chicken chain grow into a more than 2,600-unit empire. . . . more

4 Ways to Get More Out of Your Drive Thru

Prior to the pandemic, most quick-service brands achieved about 70 percent of sales at the drive-thru window, but the number climbed to north of 90 percent for parts of 2020. . . . more

A&W Restaurants Named One of the 17 Best Restaurant Franchising Deals by QSR Magazine
A&W Restaurants, the 500-plus unit classic American restaurant franchise, has been recognized by QSR Magazine as one of the country’s top 17 deals in restaurant franchising. . . . more

Bed Bath & Beyond sales plunge on August traffic drop-off, supply chain issues

Bed Bath & Beyond Inc. swung to a second-quarter loss and reported profit and sales that missed expectations. The chain slashed its revenue and earnings outlook for the year. . . . more

First Look: J.C. Penney in beauty makeover

J.C. Penney is giving a sneak peek of its new beauty offering. . . . more

Neiman Marcus says 4.6 million customers affected by security breach

A leading luxury retailer has notified law enforcement that information from over 4 million customers’ online accounts was exposed in a cybersecurity incident. . . . more

Whole Foods Market CEO John Mackey to retire in 2022; successor named

The co-founder and CEO Of Whole Foods Market is going to retire after four decades with the company. . . . more

Thursday, September 30, 2021

Report: Macy’s in legal battle over Amazon sign

Macy's Inc. doesn't want an Amazon billboard on top of its most famous store. . . . more

Wednesday, September 29, 2021

Dollar Tree to sell more products above $1

Dollar Tree continues its expansion into prices above the one that its name is based on. . . more

The 10 busiest shopping days for holiday 2021 will be…

For the first time since 2010, Christmas will fall on a Saturday this year — an occurrence that will impact holiday shopping patterns. . . . more

Lowe’s thanks first responders with special offer

Fox Business
Lowe’s will recognize firefighters, emergency medical technicians, police officers, nurses and doctors nationwide in store and on with a 10% discount available from Oct. 22 to 24. . . . more

Paint is the latest product facing supply shortages and higher prices

CNN Business
As the global supply chain crisis continues to roil the global economy, the list of impacted industries is growing by the day. The latest: paint. . . more

COVID-19 surge, port delays threaten retailers' holiday plans

Retail Dive
If the ports are any indication of what is to come at the end of this year, trouble lies ahead for retailers this upcoming holiday season. . . more

Thai Concept Rooster & Rice Launches New Franchise Model

Rooster & Rice, the 10-location Thai restaurant chain that exploded onto the Bay Area food scene in 2015, has announced the launch of its new franchise model and plans for national expansion. . . more

Papa John's Strikes Largest U.S. Deal in Company History

After constructing the requisite infrastructure for sustainable unit growth, Papa John's CEO Rob Lynch told analysts in May that franchisees have "bought into our plans." . . more