Friday, December 23, 2016

Top products on Instacart in 2016

Instacart PromoWhat products are grocery shoppers looking for online? For the first time, Instacart analyzed product searches across its site to find the ones that increased most in popularity in 2016 as well as those that are poised to hit the big time in 2017. Click through the slideshow to see the hottest products for this year and the next.. . . more

Duluth Holdings Inc Ready for Its Expansion to Over 100 Stores

Image result for duluth trading companyArecent investor presentation from Duluth Holdings contained some great news for shareholders. The fast-growing retailer of rugged clothing and solution-based workwear is about to crank up its expansion efforts in a big way. Building from its current base of 16 retail stores, the company says it has now identified 100 desirable locations across the country and will be ramping up its pace of new store openings.

While Duluth stock has fallen precipitously in December, ever since the company cut its fourth quarter and full-year 2016 guidance, it's clear that this evolving company still has a long runway of growth ahead.. . . more

Warburg Pincus Acquires Gabriel Brothers, Inc.

Image result for gabe'sWarburg Pincus, a global private equity firm focused on growth investing, today announced that funds affiliated with the firm have agreed to acquire Gabriel Brothers, Inc. ("Gabe's" or the "Company"), an off-price fashion and home retailer.  As part of the transaction, Alvarez & Marsal Capital, the Company's current majority owner, will exit its stake in the Company.  Terms of the transaction were not disclosed.

Gabe's, formerly known as Gabriel Brother's, operates 106 stores under the Gabe's and Rugged Wearhouse banners across 11 states in the Mid-Atlantic and Southeast.  The Company sells leading apparel, footwear, accessories, and home brands at up to 70% off department and specialty store prices.  The Company was founded in 1961 by the Gabriel family and is headquartered in Morgantown, West Virginia.. . . more

Lidl eyes small-format stores with online order pickup

Lidl has been mentioned before as one of the companies that could pose a threat to Wal-Mart as it looks to become an international force in grocery, and the news of Lidl Express closely follows Wal-Mart’s own announcement that it is testing a smaller format convenience store concept that would allow customers to pick up online orders of some items.

With Amazon branching out into physical stores, Wal-Mart seems determined to become a major force in the integration of online ordering that still leverages in-store inventory. Wal-Mart’s Jet acquisition shows exactly how far it is willing to go to win at the beat Amazon at its own game — spending more than $3 billion to make Jet’s dynamic pricing model, innovative logistics and other capabilities its own.. . . more

J.C. Penney test deeper dive into appliances

J.C. Penney is testing a category more typically associated with Home Depot or Lowe’s than a department store: heating, ventilation and air-conditioning systems.
  
According to a report by Dallas Morning News, the test is being done in partnership with Trane, an HVAC company, and includes a display of the HVAC service near the major appliances at a few locations.. . . more

Unusual retail concept puts new spin on tech retailing

b8ta, a very tech-savvy retailer retail is expanding its fledgling physical footprint with an eye toward national expansion. 
 
“b8ta exists to make retail accessible to entrepreneurs building the best products and services, not just the big companies that can afford it,” said Vibhu Norby, CEO and co-founder of b8ta. “b8ta’s unique software-based approach to merchandising means every store has different products, “No two b8ta stores are alike, and the assortment changes every month.”. . . more

Thursday, December 22, 2016

Walgreens acquisition of Rite Aid expected to close in early 2017

Walgreens Boots Alliance’s acquisition of Rite Aid took a big step forward with announcement of the divestiture of 865 Rite Aid stores to Fred’s Pharmacy for $950 million. 
 
The transaction now has an expected closing date of early 2017.  In its 2017 fiscal third-quarter earnings release, Rite Aid said that Walgreens is “actively engaged in discussions” with the U.S. Federal Trade Commission to close the transaction quickly, but “there can be no assurance that the requisite regulatory approvals will be obtained, or that the transactions will be completed within the required time period.”. . . more

Retail Titanics? Neiman, Nordstrom May Be Headed For Disaster With New Stores In New York

(Jonathan Fickies/Bloomberg News)Neiman Marcus will open a major store in New York City in 2018, while Nordstrom will open a major complex in 2019. These plans look foolhardy in light of how the internet is robbing stores of productivity.

The reality of how consumers are spending late in the second decade of the 21st century has many New York department store operators very concerned. Sales productivity has shifted to the internet cutting into store sales. Yet, in a hope of somehow remaining competitive, every major New York store has started a major renovation of its store. Whether it is Saks Fifth Avenue, Macy’s, Bloomingdale’s, Bergdorf Goodman or Lord & Taylor, each has undertaken a major renovation program to remain viable.. . . more

Growth of U.S. Population Is at Slowest Pace Since 1937

The United States population grew by 0.7 percent in the last year, its smallest annual expansion in 80 years, the Census Bureau said this week.

The nation added about 2.2 million people from July 2015 to July 2016, bringing the total population to just over 323 million. In relative terms, that was the slowest rate of annual growth since 1937, though census methods have changed over that time.. . . more

Brick-and-mortar stores having a rough holiday shopping season

Image result for retail stores“Mall traffic is down, and discounting is pretty brutal,” said retail consultant Richard Baum, managing partner of Consumer Growth Partners.

“If the traffic is not there now, who are retailers going to sell to in January when the consumer goes into hibernation?” Baum added.. . . moreBrick-and-mortar stores having a rough holiday shopping seasonBrick-and-mortar stores having a rough holiday shopping season

Women’s Apparel Chain The Limited Said to Be Heading to Liquidation

Image result for the limited closingThe Limited looks set to be the first retailer to file for bankruptcy in 2017.

The 240-store chain, which like other women's apparel clothing stores has been struggling with declining traffic at many malls and a surfeit of merchandise on the market, is planning to file for Chapter 11 bankruptcy protection in the coming weeks, with liquidation the likely, Bloomberg News reported this week.. . . more

Retailers go into 2017 with too many stores

Image result for sears closingU.S. retailers have a problem they can’t easily resolve: They have too many stores. And even though they’ve already announced slews of store closings, it’s increasingly likely they’ll have to shutter even more over the next few years. That’s especially the case as consumers keep shifting their spending online, which has left the U.S. awash in unwanted retail space, or “overstored.”

According to real estate information firm CoStar, nearly 1 billion square foot of retail space will be “rationalized” in the coming years through store closures and conversions to other uses. Many retailers also are seeking rent reductions as their productivity has slumped from an industry average of $330 in sales per square foot from $350 per square foot a decade ago.
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