CSA
The release of two vaccines against COVID-19 turned out to be the best Christmas present for retail real estate investment trusts. . . more
Wednesday, December 23, 2020
Saladworks parent buys 2 fast casual chains, forms holding company
Restaurant Dive
The parent company of Saladworks has acquired Garbanzo Mediterranean Fresh and Frutta Bowls, according to a press release. The three companies will form a new holding company called WoWorks, with brands focused on healthy meals. . . more
The parent company of Saladworks has acquired Garbanzo Mediterranean Fresh and Frutta Bowls, according to a press release. The three companies will form a new holding company called WoWorks, with brands focused on healthy meals. . . more
10 of the most impactful restaurant M&A deals of 2020
Restaurant Dive
While 2020 was expected to be a strong year for M&A, the pandemic brought deal-making to a halt for several months. As businesses get a better gauge of what to expect in 2021, there has been conviction about making transactions in recent months, Josh Benn, managing director and global head of restaurant, food and consumer corporate finance at Duff & Phelps, said. . . . more
While 2020 was expected to be a strong year for M&A, the pandemic brought deal-making to a halt for several months. As businesses get a better gauge of what to expect in 2021, there has been conviction about making transactions in recent months, Josh Benn, managing director and global head of restaurant, food and consumer corporate finance at Duff & Phelps, said. . . . more
New England grocer unifies customer experience at point-of-sale
CSA
Big Y is combining payment processing, loyalty and merchandising on a single platform. . . more
Big Y is combining payment processing, loyalty and merchandising on a single platform. . . more
Mango in deal with Simon to jumpstart U.S. expansion
CSA
A Spanish fashion giant is looking to grow its U.S. presence starting in early 2021. . . . more
A Spanish fashion giant is looking to grow its U.S. presence starting in early 2021. . . . more
Sportsman’s Warehouse to be acquired by owner of Bass Pro Shops, Cabela’s
CSA
Great American Outdoors Group is adding another retail banner to its portfolio. . . more
Great American Outdoors Group is adding another retail banner to its portfolio. . . more
Legal Sea Foods CEO Roger Berkowitz announces the sale of Legal to PPX Hospitality Brands
Boston.com
As 2020 comes to a close, a behemoth in Boston’s restaurant industry has changed hands. On Tuesday, Roger Berkowitz, president and CEO of Legal Sea Foods, announced the sale of his company to Boston-based PPX Hospitality Brands, a holding company that includes the Smith & Wollensky Restaurant Group and Strega Italiano. . . more
As 2020 comes to a close, a behemoth in Boston’s restaurant industry has changed hands. On Tuesday, Roger Berkowitz, president and CEO of Legal Sea Foods, announced the sale of his company to Boston-based PPX Hospitality Brands, a holding company that includes the Smith & Wollensky Restaurant Group and Strega Italiano. . . more
Tuesday, December 22, 2020
Most shoppers plan on making a return after the holidays
Retail Dive
The more retailers sell this holiday season, the more will likely boomerang back as returns in the new year. . . . more
The more retailers sell this holiday season, the more will likely boomerang back as returns in the new year. . . . more
Report: Apple temporarily closes one-quarter of global stores
CSA
In response to surging COVID-19 infection rates, Apple is reportedly temporarily shuttering all of its 53 stores in California, as well as more than 50 other locations in the U.S. and globally. . . . more
In response to surging COVID-19 infection rates, Apple is reportedly temporarily shuttering all of its 53 stores in California, as well as more than 50 other locations in the U.S. and globally. . . . more
Rent-A-Center makes $1.6 billion acquisition
CSA
Rent-A-Center Inc. is purchasing a virtual lease-to-own solutions provider. . . . more
Rent-A-Center Inc. is purchasing a virtual lease-to-own solutions provider. . . . more
Monday, December 21, 2020
Dick’s Sporting Goods, Instacart partner for same-day delivery — but only in these states
Fox Business
Instacart has made it easier to order last-minute gifts. On Friday, the delivery platform announced it has partnered with Dick’s Sporting Goods to offer same-day delivery in select locations. . . . more
Luby's sells 13 Fuddruckers locations to franchisee
Restuarant Dive
Luby's, Inc., has agreed to franchise 13 of its 24 currently company-owned Fuddruckers stores to Black Titan Holdings, which is an affiliate of foodservice entrepreneur Nicholas M. Perkins, according to a press release. Terms of the transactions were not disclosed. . . . more
Luby's, Inc., has agreed to franchise 13 of its 24 currently company-owned Fuddruckers stores to Black Titan Holdings, which is an affiliate of foodservice entrepreneur Nicholas M. Perkins, according to a press release. Terms of the transactions were not disclosed. . . . more
Burger King teams up with Google to add online ordering
Restaurant Dive
Burger King will roll out its first Google integration on Monday, which will allow customers to search for the nearest location, order and pay, according to Nation's Restaurant News. . . more
Burger King will roll out its first Google integration on Monday, which will allow customers to search for the nearest location, order and pay, according to Nation's Restaurant News. . . more
Bankruptcy alum Rue21 plans to open 15 new stores
Retail Dive
Rue21 plans to open 15 new brick-and-mortar stores starting in January, a little more than three years after emerging from bankruptcy. . . more
Rue21 plans to open 15 new brick-and-mortar stores starting in January, a little more than three years after emerging from bankruptcy. . . more
Rebag debuts ‘micro’ store concept
CSA
Rebag is capitalizing on the resale boom with a new, flexible store format. . . . more
Unusual Start to Holidays Evident in New Data
Retail Leader
Retail sales in November were better than last year, but not as good as last month, according to U.S. Census Bureau data, that highlights an unusual seasonal sales cadence caused by COVID-19 and a pull forward of demand due to online promotions in October. . . . more
Retail sales in November were better than last year, but not as good as last month, according to U.S. Census Bureau data, that highlights an unusual seasonal sales cadence caused by COVID-19 and a pull forward of demand due to online promotions in October. . . . more
At Home CEO says retailer can increase its store count almost threefold
CNBC
At Home CEO Lee Bird on Thursday told CNBC’s Jim Cramer that business has grown exponentially during the pandemic and that the company has expansion plans on the horizon. . . . more
At Home CEO Lee Bird on Thursday told CNBC’s Jim Cramer that business has grown exponentially during the pandemic and that the company has expansion plans on the horizon. . . . more
Friday, December 18, 2020
With an end to pandemic struggles in sight, beauty looks toward a prettier future
Retail Dive
Unlike apparel, which will face a longer recovery, beauty could be back to 2019 levels by the first half of 2021, according to McKinsey.. . . more
Unlike apparel, which will face a longer recovery, beauty could be back to 2019 levels by the first half of 2021, according to McKinsey.. . . more
Rite Aid Q3 strong as revenue jumps 12%
CSA
Rite Aid Corp. reported third-quarter revenue and profit that easily beat expectations. . . . more
Rite Aid Corp. reported third-quarter revenue and profit that easily beat expectations. . . . more
Guitar Center’s restructuring plan gets court OK
CSA
Guitar Center Inc. is close to emerging from bankruptcy. . . . more
Guitar Center Inc. is close to emerging from bankruptcy. . . . more
Aldi expands same-day SNAP delivery program with Instacart
CSA
Discount grocer Aldi and on-demand delivery platform Instacart are accepting federal benefit payments for online orders at nearly 1,000 more stores. . . more
Discount grocer Aldi and on-demand delivery platform Instacart are accepting federal benefit payments for online orders at nearly 1,000 more stores. . . more
Walmart to debut livestream shopping on TikTok in U.S.
CSA
Walmart is moving ahead with e-commerce on the TikTok short video platform in a big way. . . more
Walmart is moving ahead with e-commerce on the TikTok short video platform in a big way. . . more
Rue21 continues growth plan, refinances with Bank of America
Plain Vanilla Shell
Warrendale, Pennsylvania-based retailer Rue21 has refinanced its existing term loan, increased its available liquidity and lowered its cost of capital. . . . more
Warrendale, Pennsylvania-based retailer Rue21 has refinanced its existing term loan, increased its available liquidity and lowered its cost of capital. . . . more
Planet Fitness Southeast Franchise Group Hits Major Growth Milestone, Announces 100th Club Opening
Plain Vanilla Shell
Sunshine Fitness Growth Holdings, LLC (“Sunshine Fitness”), a leading owner and operator of Planet Fitness clubs in the Southeast United States backed by TSG Consumer Partners (“TSG”), today announced its 100th Planet Fitness club opening with new locations simultaneously opening in South Carolina and North Carolina. . . . more
Sunshine Fitness Growth Holdings, LLC (“Sunshine Fitness”), a leading owner and operator of Planet Fitness clubs in the Southeast United States backed by TSG Consumer Partners (“TSG”), today announced its 100th Planet Fitness club opening with new locations simultaneously opening in South Carolina and North Carolina. . . . more
Thursday, December 17, 2020
How to meet consumer expectations in a post-pandemic world
Restaurant Dive
Among other lessons, COVID-19 has reinforced the evergreen value of menu transparency and the importance of sourcing premium ingredients. Both consumers and operators are re-evaluating these ideals through the prism of their pandemic experience. . . more
Among other lessons, COVID-19 has reinforced the evergreen value of menu transparency and the importance of sourcing premium ingredients. Both consumers and operators are re-evaluating these ideals through the prism of their pandemic experience. . . more
Emerging from bankruptcy, California Pizza Kitchen hires new CFO
Restaurant Dive
Following its recent restructuring efforts stemming from a Chapter 11 bankruptcy protection filing this summer, California Pizza Kitchen on Tuesday named Judd Tirnauer its new CFO. . . . more
Following its recent restructuring efforts stemming from a Chapter 11 bankruptcy protection filing this summer, California Pizza Kitchen on Tuesday named Judd Tirnauer its new CFO. . . . more
Rue 21 in deal to retire debt, extend credit agreement
CSA
Rue 21 has a new capital structure as its looks to accelerate its digital transformation and also open new stores. . . more
Rue 21 has a new capital structure as its looks to accelerate its digital transformation and also open new stores. . . more
Super Saturday: Here’s what retailers should expect
CSA
Super Saturday, Dec. 19, is poised to set an all-time daily record. . . . more
Super Saturday, Dec. 19, is poised to set an all-time daily record. . . . more
Monthly retail sales from the US Commerce Department
Retail Dive
Every month, the U.S. Department of Commerce, Census Bureau, releases its first calculation of the previous month’s retail sales. At Retail Dive, we report these figures by grouping the key segments that define “retail” in a way that we hope is most meaningful to the industry. . . more
Every month, the U.S. Department of Commerce, Census Bureau, releases its first calculation of the previous month’s retail sales. At Retail Dive, we report these figures by grouping the key segments that define “retail” in a way that we hope is most meaningful to the industry. . . more
Bluedot: Five key trends, predictions for 2021
CSA
Remaining flexible through technology, mobile, personalization and curbside will be key for retailers in 2021. . . more
Remaining flexible through technology, mobile, personalization and curbside will be key for retailers in 2021. . . more
Walmart battles bots to protect gaming consoles
CSA
Selfish grinches are out to automatically buy up the latest PlayStation and Xbox consoles, but Walmart is fighting back with advanced technology. . . more
Selfish grinches are out to automatically buy up the latest PlayStation and Xbox consoles, but Walmart is fighting back with advanced technology. . . more
Wednesday, December 16, 2020
Goldfish Swim School Opens Newest Location in Boise, ID
Plain Vanilla Shell
Goldfish Swim School, the leading premier learn-to-swim concept, recently opened a new location in the state of Idaho. The Boise school, located at 1001 N Milwaukee St. provides swim lessons and water safety instruction to infants and children ages four months to 12 years. . . . more
Goldfish Swim School, the leading premier learn-to-swim concept, recently opened a new location in the state of Idaho. The Boise school, located at 1001 N Milwaukee St. provides swim lessons and water safety instruction to infants and children ages four months to 12 years. . . . more
Tuesday, December 15, 2020
By Chloe declares bankruptcy
Restaurant Dive
By Chloe, a plant-based fast-casual chain with 14 units, filed for voluntary financial restructuring and Chapter 11 bankruptcy on Monday, according to a press release. . . . more
By Chloe, a plant-based fast-casual chain with 14 units, filed for voluntary financial restructuring and Chapter 11 bankruptcy on Monday, according to a press release. . . . more
What Retailers and Shoppers Can Do to Minimize the Impact of Holiday Shipping Delays This Year
SOURCE
Every year, consumers and retailers alike expect to experience delays in shipping around the holiday period. This year, the high volume of holiday shipping will combine with the broader growth of e-commerce, creating an unprecedented number of packages in transit. For retailers, being proactive about fulfilment could make the difference in keeping customers satisfied. . . more
Every year, consumers and retailers alike expect to experience delays in shipping around the holiday period. This year, the high volume of holiday shipping will combine with the broader growth of e-commerce, creating an unprecedented number of packages in transit. For retailers, being proactive about fulfilment could make the difference in keeping customers satisfied. . . more
Emerging Chains See Opportunity Amid The Pandemic
Plain Vanilla Shell
Similarly, Guzzetta said some of BurgerFi’s new stores got pushed back to early 2021. By the end of this year, though, the chain plans to have 10 new locations, plus 10 new ghost kitchens.. . . more
Similarly, Guzzetta said some of BurgerFi’s new stores got pushed back to early 2021. By the end of this year, though, the chain plans to have 10 new locations, plus 10 new ghost kitchens.. . . more
Global Partners to Acquire Wheels C-Stores
Plain Vanilla Shell
Global Partners LP has signed an agreement to purchase the retail fuel and convenience-store assets of Consumers Petroleum of Connecticut Inc. The acquisition includes 27 company-operated gas stations with Wheels-branded c-stores in Connecticut. . . more
Global Partners LP has signed an agreement to purchase the retail fuel and convenience-store assets of Consumers Petroleum of Connecticut Inc. The acquisition includes 27 company-operated gas stations with Wheels-branded c-stores in Connecticut. . . more
What's selling in 2020's holiday season
Retail Dive
The coronavirus pandemic has altered nearly every aspect of consumers' lives — canceling in-person events, halting travel and moving everyday activities, like work and school, into the home. This, in turn, affected not only how shoppers spent their money, but what they spent it on. . . more
The coronavirus pandemic has altered nearly every aspect of consumers' lives — canceling in-person events, halting travel and moving everyday activities, like work and school, into the home. This, in turn, affected not only how shoppers spent their money, but what they spent it on. . . more
New Malls for a New Reality
CSA
Shopping malls have been an important part of people’s lives for decades. . . more
Shopping malls have been an important part of people’s lives for decades. . . more
Best Buy testing remodeled stores designed primarily for fulfillment
CSA
Best Buy has redesigned four stores to facilitate delivery and pickup of online orders. . . . more
Best Buy has redesigned four stores to facilitate delivery and pickup of online orders. . . . more
Monday, December 14, 2020
Fat Brands to merge with Fog Cutter Capital Group
Restaurant Dive
Fat Brands has entered into an agreement to combine with Fog Cutter Capital Group, the company’s controlling stockholder, according to a press release. . . more
Fat Brands has entered into an agreement to combine with Fog Cutter Capital Group, the company’s controlling stockholder, according to a press release. . . more
Should you close, sell or declare bankruptcy? What restaurants need to know.
Restaurant Dive
The restaurant industry is set to end 2020 with more distressed businesses than it had during the Great Recession, according to an AlixPartners report. . . . more
The restaurant industry is set to end 2020 with more distressed businesses than it had during the Great Recession, according to an AlixPartners report. . . . more
'Trouble brewing' for malls, including Brookfield and Simon: S&P Global
Retail Dive
The bankruptcy filings last month by mall developers CBL Properties and Pennsylvania Real Estate Investment Trust shocked very few observers, considering their struggles even before the pandemic curtailed indoor shopping. They were widely seen as among the most vulnerable mall landlords, without the financial wherewithal, or the property quality, of the likes of Simon Property Group and Brookfield. . . more
The bankruptcy filings last month by mall developers CBL Properties and Pennsylvania Real Estate Investment Trust shocked very few observers, considering their struggles even before the pandemic curtailed indoor shopping. They were widely seen as among the most vulnerable mall landlords, without the financial wherewithal, or the property quality, of the likes of Simon Property Group and Brookfield. . . more
Shopify: The five leading retail trends for 2021 are…
CSA
E-commerce platform Shopify advises retailers to prepare for trends including increasing influence of younger consumers in the coming year. . . more
E-commerce platform Shopify advises retailers to prepare for trends including increasing influence of younger consumers in the coming year. . . more
Bed Bath & Beyond in deal to sell Cost Plus World Market
CSA
Bed Bath & Beyond has found a buyer for its last remaining non-core banner. . . more
Bed Bath & Beyond has found a buyer for its last remaining non-core banner. . . more
Friday, December 11, 2020
It’s a record! 11,000 closed stores and 40 retailer bankruptcies in 2020
CSA
It may be a record, but it’s not a surprise. . . . more
It may be a record, but it’s not a surprise. . . . more
Grocers offer contactless photo printing kiosks
CSA
Grocery chains including Kroger, Wegmans, Bashas’, and Fry’s Food Stores are deploying self-service photo printing solutions. . . more
Grocery chains including Kroger, Wegmans, Bashas’, and Fry’s Food Stores are deploying self-service photo printing solutions. . . more
Starbucks plans to open about 22,000 stores in the next ten years
CNN Business
It may seem like there's already a Starbucks on every corner. But the company is still planning on adding tens of thousands more locations in the coming decade. . . . more
It may seem like there's already a Starbucks on every corner. But the company is still planning on adding tens of thousands more locations in the coming decade. . . . more
Massachusetts restricts table size, dining duration — not capacity
Restaurant Dive
Massachusetts announced new restrictions Tuesday to manage rising coronavirus cases in the state, including requiring restaurant customers to wear masks except when they’re eating or drinking. The state is also limiting dining times to 90 minutes and restaurant parties to six people. Food court seating and live music are also suspended. . . . more
Massachusetts announced new restrictions Tuesday to manage rising coronavirus cases in the state, including requiring restaurant customers to wear masks except when they’re eating or drinking. The state is also limiting dining times to 90 minutes and restaurant parties to six people. Food court seating and live music are also suspended. . . . more
Sycamore snaps up Ann Taylor, other remaining Ascena brands for $540M
Retail Dive
Over objections from the U.S. Trustee, a judge in the U.S. Bankruptcy Court for the Eastern District of Virginia in Richmond on Tuesday approved Ascena's sale of the Ann Taylor, Loft, Lane Bryant and Lou & Grey brands to Sycamore Partners for $540 million. . . . more
Over objections from the U.S. Trustee, a judge in the U.S. Bankruptcy Court for the Eastern District of Virginia in Richmond on Tuesday approved Ascena's sale of the Ann Taylor, Loft, Lane Bryant and Lou & Grey brands to Sycamore Partners for $540 million. . . . more
Designer Brands mulls the closure of as many as 80 stores
Retail Dive
Designer Brands on Wednesday reported that third quarter net sales fell 30.1% year over year to $652.9 million. Online sales rose 3%, executives said during their earnings call, according to a transcript from Seeking Alpha.. . . more
Designer Brands on Wednesday reported that third quarter net sales fell 30.1% year over year to $652.9 million. Online sales rose 3%, executives said during their earnings call, according to a transcript from Seeking Alpha.. . . more
Private equity firm acquires direct-to-consumer jewelry retailer
CSA
Ross-Simons has a new owner. . . . more
Wednesday, December 9, 2020
Company of the Year: Chipotle
Restaurant Dive
Diners walking into a Chipotle sometime between 2015 and 2017 in New York would have been welcomed by a sign telling them where they could pick up faxed orders. . . . more
Diners walking into a Chipotle sometime between 2015 and 2017 in New York would have been welcomed by a sign telling them where they could pick up faxed orders. . . . more
Resilient Retailer of the Year: Costco
Reatil Dive
You can't talk about Costco for too long without inevitably discussing hot dogs. . . . more
You can't talk about Costco for too long without inevitably discussing hot dogs. . . . more
Company of the Year: Target
Retail Dive
In August 2019, Target expanded its Drive Up service to every state in the U.S. Target launched the service, which allows customers to pick up via curbside delivery items ordered online, less than two years earlier. . . . more
In August 2019, Target expanded its Drive Up service to every state in the U.S. Target launched the service, which allows customers to pick up via curbside delivery items ordered online, less than two years earlier. . . . more
$70.5 billion worth of online purchases will be returned this holiday season
CSA
In the first three quarters of 2020, third-party logistics companies leased 27% of warehouse space at properties sized 100,000 sq. ft. or more. They’ve been ramping up to handle the billions of returns sure to deluge retailers that will be processing more than 30% of their sales online this holiday season. . . . more
In the first three quarters of 2020, third-party logistics companies leased 27% of warehouse space at properties sized 100,000 sq. ft. or more. They’ve been ramping up to handle the billions of returns sure to deluge retailers that will be processing more than 30% of their sales online this holiday season. . . . more
Seasonal retail hiring slows in November
CSA
Hiring for seasonal retail jobs in November declined 35% year-over-year. But seasonal jobs in transportation and warehousing surged. . . . more
Hiring for seasonal retail jobs in November declined 35% year-over-year. But seasonal jobs in transportation and warehousing surged. . . . more
Kroger breaks into top 10 U.S. e-commerce companies for first time
CSA
The Kroger Co.’s digital investments are paying off. . . . more
Foot Locker takes poison pill
CSA
Foot Locker Inc. has adopted a short-term shareholder rights plan after a private equity firm controlled by a Czech billionaire upped his stake.. . . more
Foot Locker Inc. has adopted a short-term shareholder rights plan after a private equity firm controlled by a Czech billionaire upped his stake.. . . more
Tuesday, December 8, 2020
Restaurants reported a net loss of jobs for the first time since April
Restaurant Dive
Restaurants and bars lost over 17,000 jobs in November, according to the Bureau of Labor Statistics employment report released Friday. . . more
Restaurants and bars lost over 17,000 jobs in November, according to the Bureau of Labor Statistics employment report released Friday. . . more
Small and mighty: How independent retailers are navigating the holidays
CSA
Indie players' challenges mimic those of larger retailers. But, small businesses are finding creative solutions for customers during an unpredictable season. . . . more
Indie players' challenges mimic those of larger retailers. But, small businesses are finding creative solutions for customers during an unpredictable season. . . . more
Big Lots delivers record-setting comps in Q3; holiday off to ‘strong start’
CSA
Big Lots reported third-quarter profit, net sales and same-store sales that beat expectations, helped by its ongoing reconfiguration of its food and consumable categories and expanded online assortment. . . . more
Big Lots reported third-quarter profit, net sales and same-store sales that beat expectations, helped by its ongoing reconfiguration of its food and consumable categories and expanded online assortment. . . . more
Francesca’s to close 97 more stores
CSA
Francesca’s Holdings Corp. is planning to close more stores on top of the 137 locations it closed prior to filing for bankruptcy. . . . more
Francesca’s Holdings Corp. is planning to close more stores on top of the 137 locations it closed prior to filing for bankruptcy. . . . more
CBL opens 1.4 million sq. ft. of new retail in emergence from Chapter 11
CSA
Through the pandemic and a Chapter 11 restructuring, one of the nation’s largest owners of regional malls reports that it put tenants in 1.4 million sq. ft. of newly leased space as it attempts to transform its portfolio into suburban town centers. . . more
Through the pandemic and a Chapter 11 restructuring, one of the nation’s largest owners of regional malls reports that it put tenants in 1.4 million sq. ft. of newly leased space as it attempts to transform its portfolio into suburban town centers. . . more
Market Basket announces opening of new Massachusetts store
WHDH
Market Basked announced Monday that its newest store is now open for business in Massachusetts. . . more
Market Basked announced Monday that its newest store is now open for business in Massachusetts. . . more
AMC Theaters Slams Warner Bros' HBO Max 2021 Movies Release Plan
IGN
AMC Theaters CEO, Adam Aron, believes Warner Bros. is sacrificing studio, production, and filmmaker profitability with its new HBO Max 2021 release plan. . . more
AMC Theaters CEO, Adam Aron, believes Warner Bros. is sacrificing studio, production, and filmmaker profitability with its new HBO Max 2021 release plan. . . more
Monday, December 7, 2020
Dollar General Sets 2021 Expansion Plans
Plain Vanilla Shell
The New Year will again bring significant store expansion for Dollar General as the retailer continues to rollout its DG Fresh food offerings along with other merchandising initiatives. . . more
The New Year will again bring significant store expansion for Dollar General as the retailer continues to rollout its DG Fresh food offerings along with other merchandising initiatives. . . more
Best Buy expands holiday fulfillment options
CSA
Best Buy is extending the hours and reach of omnichannel programs such as contactless curbside pickup for holiday shoppers. . . . more
J.C. Penney exits Chapter 11
CSA
J.C. Penney has turned the page and opened a new chapter in its 118-year history. . . . more
Restaurants in free fall
CSA
The tide of restaurant closures and bankruptcies continues to rise amid the pandemic. . . . more
Pandemic closures hit Ulta's loyalty member growth in Q3
Retail Dive
Shortly after reporting a blockbuster partnership with Target, Ulta reported a somewhat muted Q3, beating FactSet expectations for adjusted earnings, but falling short on net sales. However, pandemic-related services like e-commerce and BOPIS both grew, with online comps increasing 90% and BOPIS totaling 16% of e-commerce sales, according to company executives. . . more
Shortly after reporting a blockbuster partnership with Target, Ulta reported a somewhat muted Q3, beating FactSet expectations for adjusted earnings, but falling short on net sales. However, pandemic-related services like e-commerce and BOPIS both grew, with online comps increasing 90% and BOPIS totaling 16% of e-commerce sales, according to company executives. . . more
Petco files to go public
Retail Dive
Petco on Thursday filed an S-1 for an initial public offering with the Securities and Exchange Commission. . . more
Petco on Thursday filed an S-1 for an initial public offering with the Securities and Exchange Commission. . . more
Francesca's files Chapter 11 with plans to sell company
CSA
Francesca’s Holdings Corp. has filed for filed for Chapter 11 bankruptcy protection, the latest apparel retailer whose business has been undone amid the pandemic.. . . more
Francesca’s Holdings Corp. has filed for filed for Chapter 11 bankruptcy protection, the latest apparel retailer whose business has been undone amid the pandemic.. . . more
Friday, December 4, 2020
Jamba debuts autonomous smoothie kiosk in Walmart
Restaurant Dive
Just a few weeks after unveiling a Blendid smoothie-making robot at a Walmart in Fremont California, the retailer and AI startup have debuted another contactless alternative to smoothie bars that this time is co-branded with Jamba. . . more
Just a few weeks after unveiling a Blendid smoothie-making robot at a Walmart in Fremont California, the retailer and AI startup have debuted another contactless alternative to smoothie bars that this time is co-branded with Jamba. . . more
Cyber Monday draws $10.8B in sales: Adobe
Retail Dive
Consumers spent about $10.8 billion online by the end of Cyber Monday, a 15.1% increase in online sales from last year, according to a report from Adobe emailed to Retail Dive. Mobile accounted for 37% of Cyber Monday sales, according to the report.. . . more
Consumers spent about $10.8 billion online by the end of Cyber Monday, a 15.1% increase in online sales from last year, according to a report from Adobe emailed to Retail Dive. Mobile accounted for 37% of Cyber Monday sales, according to the report.. . . more
Pandemic tees up dollar stores for favorable post-crisis future
Retail Dive
Like most retailers, dollar stores saw traffic plummet early in the pandemic, but in recent weeks major players Dollar General, Dollar Tree and Five Below have all staged a comeback. . . more
Like most retailers, dollar stores saw traffic plummet early in the pandemic, but in recent weeks major players Dollar General, Dollar Tree and Five Below have all staged a comeback. . . more
L Brands on track to separate Bath & Body Works, Victoria's Secret in 2021
Retail Dive
L Brands plans a spinoff of its Bath & Body Works business some time next year, CEO Andrew Meslow said during a Morgan Stanley Virtual Global Consumer & Retail Conference Wednesday. . . more
L Brands plans a spinoff of its Bath & Body Works business some time next year, CEO Andrew Meslow said during a Morgan Stanley Virtual Global Consumer & Retail Conference Wednesday. . . more
Thanksgiving weekend spending trends
ICSC
Overall, 194 million U.S. adults shopped this past weekend from Thursday through Monday. . . . more
Overall, 194 million U.S. adults shopped this past weekend from Thursday through Monday. . . . more
Michaels tops estimate as online surges; to pay holiday bonuses
CSA
The Michaels Cos. reported a better-than-expected third-quarter performance, driven by strong demand in its stores and online, where sales surged 128%. . . more
The Michaels Cos. reported a better-than-expected third-quarter performance, driven by strong demand in its stores and online, where sales surged 128%. . . more
Express loss widens; cuts 10% of corporate staff
CSA
Express Inc. continues to struggle amid the pandemic. . . more
Express Inc. continues to struggle amid the pandemic. . . more
Thursday, December 3, 2020
Atlantic Retail and The Dartmouth Company Merge, to Operate Under Atlantic Retail Umbrella
Boston Real Estate Times
The partners of Atlantic Retail and The Dartmouth Company announced an agreement to join forces and operate under the Atlantic Retail umbrella with a focus on delivering real estate advisory services to tenants, landlords, developers, and investors throughout the East Coast and Southern California. . . more
The partners of Atlantic Retail and The Dartmouth Company announced an agreement to join forces and operate under the Atlantic Retail umbrella with a focus on delivering real estate advisory services to tenants, landlords, developers, and investors throughout the East Coast and Southern California. . . more
Costco sales up 15.1% in November
CSA
Costco Wholesale Corp.'s sales continued to rise in November, but at a slightly lower pace than in the two previous months. . . . more
Costco Wholesale Corp.'s sales continued to rise in November, but at a slightly lower pace than in the two previous months. . . . more
Yesway opens first store in its accelerated real estate and remodel push
CSA
Yesway is ramping up expansion. . . more
Yesway is ramping up expansion. . . more
Walgreens ramps up VillageMD clinic rollout
CSA
Walgreens Boots Alliance is escalating its rollout of VillageMD health care clinics. . . more
Walgreens Boots Alliance is escalating its rollout of VillageMD health care clinics. . . more
Walmart+ becomes more like Prime with removal of shipping minimum
CSA
Members of Walmart’s paid membership program no longer have to spend $35 to get free shipping on non-grocery items. . . more
Members of Walmart’s paid membership program no longer have to spend $35 to get free shipping on non-grocery items. . . more
Pier 1 parent company buys SteinMart for $6 million; to relaunch online
CSA
The company that has been buying bankrupt brands has added another retailer to its growing portfolio. . . more
The company that has been buying bankrupt brands has added another retailer to its growing portfolio. . . more
Wednesday, December 2, 2020
25,000 jobs at risk as Debenhams closure follows Topshop collapse
CNN Business
Debenhams, Britain's biggest department store chain, is permanently closing its UK operations.. . . more
Debenhams, Britain's biggest department store chain, is permanently closing its UK operations.. . . more
Aldi Opens Third Store in Florida This Fall
Plain Vanilla Shell
Aldi revealed an all-out market blitz this fall, targeting Miami, Florida, as its next hub for aggressive expansion. Following the recent launch of stores in Kendall and Fort Lauderdale, Aldi is now opening a third Miami-based location in Princeton. . . . more
Aldi revealed an all-out market blitz this fall, targeting Miami, Florida, as its next hub for aggressive expansion. Following the recent launch of stores in Kendall and Fort Lauderdale, Aldi is now opening a third Miami-based location in Princeton. . . . more
Stonewall Kitchen opens new store, cafe
CSA
Stonewall Kitchen has opened up shop in Boston. . . . more
Stonewall Kitchen has opened up shop in Boston. . . . more
Northeast supermarket operator personalizes customer promotions
CSA
The Golub Corp. is obtaining a single view of customers at its Price Chopper banner to tailor interactions across direct mail, weekly flyers, and digital/email programs.. . . more
Is America Yearning for American Dream?
CSA
The 2020 pandemic wore hard on American retail centers. They are now all trying to re-invent themselves as entertainment and dining centers. . . . more
The 2020 pandemic wore hard on American retail centers. They are now all trying to re-invent themselves as entertainment and dining centers. . . . more
J.C Penney to unveil new beauty concept
CSA
The news that Sephora plans to open hundreds of in-store shops at Kohl’s stores has brought a reaction from its longstanding retail partner, J.C. Penney. . . . more
The news that Sephora plans to open hundreds of in-store shops at Kohl’s stores has brought a reaction from its longstanding retail partner, J.C. Penney. . . . more
Sephora to open hundreds of in-store shops at Kohl’s
CSA
Kohl’s Corp. is betting big on beauty — and Sephora. . . . more
Tuesday, December 1, 2020
Tropical Smoothie Café in store milestone
CSA
The pandemic has proved no match for Tropical Smoothie Café’s expansion. . . . more
The pandemic has proved no match for Tropical Smoothie Café’s expansion. . . . more
Target shifts from Black Friday into Cyber Week
CSA
Target is running its largest-ever Cyber Week digital sales event through Saturday, Dec. 5. . . . more
Target is running its largest-ever Cyber Week digital sales event through Saturday, Dec. 5. . . . more
As JCPenney exits bankruptcy, its long-term outlook remains grim
CNN Business
JCPenney has survived to see its 119th holiday shopping season. How many more it has ahead of it is tough to say. . . . more
JCPenney has survived to see its 119th holiday shopping season. How many more it has ahead of it is tough to say. . . . more
Best Buy tests limited SKUs on store floor to make space for fulfillment
Retail Dive
Best Buy is testing new store formats at four locations in Minneapolis as a proof of concept for stores as fulfillment hubs. The remodels limit SKU assortment on the floor to the most popular items and reduce shoppable area nearly by half, allowing space for pickup and ship from store, CEO Corie Barry said on the retailer's Q3 earnings call Tuesday. . . . more
Best Buy is testing new store formats at four locations in Minneapolis as a proof of concept for stores as fulfillment hubs. The remodels limit SKU assortment on the floor to the most popular items and reduce shoppable area nearly by half, allowing space for pickup and ship from store, CEO Corie Barry said on the retailer's Q3 earnings call Tuesday. . . . more
Black Friday weekend breaks e-commerce records
CSA
Consumers may have avoided stores during Black Friday weekend, but they didn’t stop holiday shopping . . . more
Consumers may have avoided stores during Black Friday weekend, but they didn’t stop holiday shopping . . . more
In-store shopping on Black Friday down 52.1% year-over-year
CSA
Traffic plunged in stores on the official start of the holiday shopping season even as it set new records online. . . . more
Traffic plunged in stores on the official start of the holiday shopping season even as it set new records online. . . . more
Costco Eyes Florida and Tennessee for Expansion
Plain Vanilla Shell
While Costco has never been one to slow down, its expansion efforts have certainly sped up as of late. . . . more
While Costco has never been one to slow down, its expansion efforts have certainly sped up as of late. . . . more
Monday, November 30, 2020
Ann Taylor, LOFT and Lane Bryant sold to buyout firm for $540M
New York Post
Iconic women’s clothing brands Ann Taylor, LOFT and Lane Bryant will be bought out of bankruptcy by private equity firm Sycamore Partners, the companies said Thursday. . . . more
Iconic women’s clothing brands Ann Taylor, LOFT and Lane Bryant will be bought out of bankruptcy by private equity firm Sycamore Partners, the companies said Thursday. . . . more
How Guitar Center went from jukebox hero to latest pandemic bankruptcy
Retail Dive
If it weren't for the Beatles, Guitar Center might still be the Organ Center. . . . more
If it weren't for the Beatles, Guitar Center might still be the Organ Center. . . . more
Black Friday 2020 online sales on pace to grow as much as 42%
Retail Dive
Early data from Adobe Analytics forecasts Black Friday online sales to hit between $8.9 billion and $10.6 billion, which represents growth of 20% to 42% year over year. . . . more
Early data from Adobe Analytics forecasts Black Friday online sales to hit between $8.9 billion and $10.6 billion, which represents growth of 20% to 42% year over year. . . . more
Winners and losers of Black Friday 2020
Retail Dive
Black Friday 2020 was always going to be different. . . . more
Retailers jump on ‘buy now, pay later’ trend as holidays approach
CSA
Leading retail chains including Neiman Marcus, Saks Off 5th, GameStop, and Express are adopting various omnichannel flex payment platforms. . . . more
Leading retail chains including Neiman Marcus, Saks Off 5th, GameStop, and Express are adopting various omnichannel flex payment platforms. . . . more
Dick’s Sporting Goods to launch new retail concept
CSA
Dick’s Sporting Goods is going all in on the outdoors and CEO Ed Stack is leading the charge. . . . more
Dick’s Sporting Goods is going all in on the outdoors and CEO Ed Stack is leading the charge. . . . more
In Mass., mall to be replaced by distribution center
CSA
Greendale Mall in Worcester could serve as the poster child for COVID-19’s acceleration of online shopping and demand for merchandise fulfillment services. . . . more
Greendale Mall in Worcester could serve as the poster child for COVID-19’s acceleration of online shopping and demand for merchandise fulfillment services. . . . more
Wednesday, November 25, 2020
3 reasons why holiday toy sales will be huge this year
CNN Business
The pandemic and its accompanying recession could make for a very Grinch-y holiday season, but toy makers and industry analysts say there are several reasons to still expect presents under the tree, despite all the turmoil. . . . more
The pandemic and its accompanying recession could make for a very Grinch-y holiday season, but toy makers and industry analysts say there are several reasons to still expect presents under the tree, despite all the turmoil. . . . more
Burlington Beats Earnings Estimates But CEO Warns of ‘Uncertain and Unpredictable’ Times Ahead
Footwear News
Burlington Stores Inc. logged better-than-expected earnings and sales, but it sounded caution on the next quarter as rising COVID-19 cases across the country pose a threat to its business. . . . more
Best Buy posts 'blockbuster' Q3 with digital sales up nearly 175%
Retail Dive
Best Buy kept up its blazing pandemic-era growth through the third quarter, with U.S. sales up 21% year over year across the business to $10.9 billion. . . . more
Best Buy kept up its blazing pandemic-era growth through the third quarter, with U.S. sales up 21% year over year across the business to $10.9 billion. . . . more
ICSC: Shoppers to spend $470 during Thanksgiving weekend
CSA
Most (85%) shoppers expect to shop in the period that starts on Thanksgiving and ends on Cyber Monday. . . . more
Most (85%) shoppers expect to shop in the period that starts on Thanksgiving and ends on Cyber Monday. . . . more
CSA Exclusive: Piercing Pagoda expanding as demand rises
CSA
The country’s largest specialty kiosk retailer sees plenty of opportunities to expand — even amid the pandemic. . . . more
The country’s largest specialty kiosk retailer sees plenty of opportunities to expand — even amid the pandemic. . . . more
Abercrombie to close more flagships; posts better-than-expected Q3
CSA
Abercrombie & Fitch easily topped Wall Street estimates for quarterly sales and earnings amid cost controls and strong online demand. . . . more
Abercrombie & Fitch easily topped Wall Street estimates for quarterly sales and earnings amid cost controls and strong online demand. . . . more
Dollar Tree in ‘very good start’ to holiday amid strong Q3; to renovate 1,250 stores
CSA
Dollar Tree reported third-quarter sales and earnings that beat estimates and sounded an upbeat note about the holiday season. . . . more
Dollar Tree reported third-quarter sales and earnings that beat estimates and sounded an upbeat note about the holiday season. . . . more
Tuesday, November 24, 2020
The second Covid-19 spike is forcing retailers like Foot Locker to refocus on e-commerce
Plain Vanilla Shell
Foot Locker had a strong quarter, according to its latest earnings report released Friday morning. Over the three months ending on Oct. 31, the brand brought in $128 million in revenue, beating the $122 million it brought in during the same period last year by about 5%.. . . more
Foot Locker had a strong quarter, according to its latest earnings report released Friday morning. Over the three months ending on Oct. 31, the brand brought in $128 million in revenue, beating the $122 million it brought in during the same period last year by about 5%.. . . more
Sam's Club is putting robot janitors in all of its stores during the pandemic
CNN Business
Soon every Sam's Club will have a robot to scrub the store floors. . . . more
Soon every Sam's Club will have a robot to scrub the store floors. . . . more
Court approves Ruby Tuesday's plan to sell itself
Restaurant Dive
On Friday, the U.S. Bankruptcy Court for the District of Delaware approved bidding procedures for the sale of Ruby Tuesday by RTI Holdings, the casual dining chain's parent company. This allows the company to seek a sale, according to court filings. . . . more
On Friday, the U.S. Bankruptcy Court for the District of Delaware approved bidding procedures for the sale of Ruby Tuesday by RTI Holdings, the casual dining chain's parent company. This allows the company to seek a sale, according to court filings. . . . more
Ugg opens first flagship in NYC
Retail Dive
Ugg on Thursday announced that it opened its first flagship store at 530 Fifth Avenue in New York City, according to a company press release. . . . more
Ugg on Thursday announced that it opened its first flagship store at 530 Fifth Avenue in New York City, according to a company press release. . . . more
Why off-price won't change much, even after a pandemic
Retail Dive
In the last two decades, after more or less sailing through the Great Recession and despite going against the tide in e-commerce, off-price retail has seemed invincible. Consumers at all income levels flock to these stores, pawing through racks in search of marked-down treasure. . . . more
In the last two decades, after more or less sailing through the Great Recession and despite going against the tide in e-commerce, off-price retail has seemed invincible. Consumers at all income levels flock to these stores, pawing through racks in search of marked-down treasure. . . . more
NRF: Holiday sales to rise 3.6% to 5.2% in ‘strong finish’ to 2020
CSA
The National Retail Federation issued an upbeat holiday forecast despite the ongoing COVID-19 pandemic, citing a strong stock market, rising home values and record personal saving rates. . . . more
The National Retail Federation issued an upbeat holiday forecast despite the ongoing COVID-19 pandemic, citing a strong stock market, rising home values and record personal saving rates. . . . more
Guitar Center files for bankruptcy as it looks to reduce debt
CSA
Guitar Center has filed for Chapter 11 bankruptcy protection with plans to reduce its debt by $800 million. . . . more
Guitar Center has filed for Chapter 11 bankruptcy protection with plans to reduce its debt by $800 million. . . . more
Monday, November 23, 2020
Zaxby's looks to go national as Goldman Sachs buys 'significant' stake
CSA
Goldman Sachs Merchant Banking Division will acquire a significant stake in Zaxby's, according to a press release. . . . more
Goldman Sachs Merchant Banking Division will acquire a significant stake in Zaxby's, according to a press release. . . . more
Pandemic revs up drive-thru design innovations
Restaurant Dive
In 2017, Arby's realized its production line was no longer working. Its menu had grown complex with the addition of new proteins and having sandwiches done in one station was creating too much crossover and opportunities for error, John Kelly, Arby's chief operating officer, said. . . . more
In 2017, Arby's realized its production line was no longer working. Its menu had grown complex with the addition of new proteins and having sandwiches done in one station was creating too much crossover and opportunities for error, John Kelly, Arby's chief operating officer, said. . . . more
Caleres to close 133 Naturalizer stores in shift to digital
Retail Dive
Shoe seller Caleres plans to close 133 stores under its Naturalizer women's footwear brand by the end of fiscal 2020 and pivot to a digital model in response to consumer trends. . . . more
Shoe seller Caleres plans to close 133 stores under its Naturalizer women's footwear brand by the end of fiscal 2020 and pivot to a digital model in response to consumer trends. . . . more
Williams-Sonoma crushes estimates as sales soar 22.4%
CSA
Williams-Sonoma is heading into the holidays on the heels of a strong third quarter, fueled by record sales at its namesake brand and as consumers continue to spend on all things related to the home. . . . more
Williams-Sonoma is heading into the holidays on the heels of a strong third quarter, fueled by record sales at its namesake brand and as consumers continue to spend on all things related to the home. . . . more
Ahold Delhaize to acquire Fresh Direct
CSA
Ahold Delhaize is putting money behind its promise to boost its omnichannel presence in the U.S. . . . more
Ahold Delhaize is putting money behind its promise to boost its omnichannel presence in the U.S. . . . more
7-Eleven expands new store format
CSA
7-Eleven has opened the fifth location of its new “evolution” store concept. . . . more
7-Eleven has opened the fifth location of its new “evolution” store concept. . . . more
Sbarro’s Comeback Centers on the Impulse Pizza Buyer
Plain Vanilla Shell
Sbarro CEO David Karam said the brand’s intention has never been to exit malls, its primary domain for decades. . . . more
Sbarro CEO David Karam said the brand’s intention has never been to exit malls, its primary domain for decades. . . . more
Thursday, November 19, 2020
Rockefeller Center intros six-month lease deals for retailers
CSA
Real estate researcher CoStar this week reported that sublease space in the second quarter reached 157 million sq. ft. or 1.7% of the total office inventory. That’s also creating availability in retail spaces in urban centers like New York City, where Rockefeller Center is doing something about it. . . . more
Real estate researcher CoStar this week reported that sublease space in the second quarter reached 157 million sq. ft. or 1.7% of the total office inventory. That’s also creating availability in retail spaces in urban centers like New York City, where Rockefeller Center is doing something about it. . . . more
Forever 21 streamlines, safens online checkout
CSA
Online Forever 21 shoppers will have access to single-click checkout, among other new payment-related features.. . . more
Online Forever 21 shoppers will have access to single-click checkout, among other new payment-related features.. . . more
This is what the KFC of the future will look like
WCVB
Kentucky Fried Chicken is the latest fast food chain to redesign its restaurants for the COVID-19 era, with a revamp that emphasizes the drive-thru and limits human contact.. . . more
Kentucky Fried Chicken is the latest fast food chain to redesign its restaurants for the COVID-19 era, with a revamp that emphasizes the drive-thru and limits human contact.. . . more
TJX Q3 tops expectations; to roll out e-commerce for HomeGoods
CSA
The TJX Cos. reported third-quarter sales and earnings that beat the Street and said it plans to reinstate its quarterly dividend payment. . . . more
The TJX Cos. reported third-quarter sales and earnings that beat the Street and said it plans to reinstate its quarterly dividend payment. . . . more
Target in blowout quarter; cites ‘unprecedented’ market share gains
CSA
Target Corp. reported a blockbuster quarter that easily outpaced Street estimates as the discounter continues to leverage and benefit from pandemic-related shopping trends. . . . more
Target Corp. reported a blockbuster quarter that easily outpaced Street estimates as the discounter continues to leverage and benefit from pandemic-related shopping trends. . . . more
Retail entrepreneurs buy twice-bankrupt RadioShack with plans for online revival
Fox Business
Two entrepreneurs who have been collecting fallen retail brands during the coronavirus pandemic are taking over the reins of RadioShack, acquiring the nearly century-old gadget seller's brands and online business. . . . more
Two entrepreneurs who have been collecting fallen retail brands during the coronavirus pandemic are taking over the reins of RadioShack, acquiring the nearly century-old gadget seller's brands and online business. . . . more
Macy's reports 20% fall in comparable sales, eyes surging virus cases
Fox Business
Macy's Inc reported a more than 20% drop in quarterly comparable on Thursday and said it expects that to continue into the fall season, signaling a tough holiday season for the coronavirus-battered department store chain. . . . more
Macy's Inc reported a more than 20% drop in quarterly comparable on Thursday and said it expects that to continue into the fall season, signaling a tough holiday season for the coronavirus-battered department store chain. . . . more
Wednesday, November 18, 2020
Mapping the rise of ghost kitchens
Restaurant Dive
Are ghost kitchens on their way to becoming a mainstream channel? What risks come with the opportunity they promise? Restaurant Dive aims to answer these questions and more in a six-part series. . . . more
Are ghost kitchens on their way to becoming a mainstream channel? What risks come with the opportunity they promise? Restaurant Dive aims to answer these questions and more in a six-part series. . . . more
Kohl's disappoints in Q3 despite location advantage
Retail Dive
Kohl's on Tuesday reported that total third quarter revenue fell 14% year over year to $3.98 billion. Digital sales rose 25% in the period, according to a company presentation. . . . more
Kohl's on Tuesday reported that total third quarter revenue fell 14% year over year to $3.98 billion. Digital sales rose 25% in the period, according to a company presentation. . . . more
Best Buy powers up same-day delivery with Instacart
CSA
A consumer electronics giant is joining the growing range of non-grocers to collaborate with online delivery platform Instacart. . . . more
A consumer electronics giant is joining the growing range of non-grocers to collaborate with online delivery platform Instacart. . . . more
Claire’s to drive new store growth with location-based analytics
CSA
Claire’s Stores Inc. will develop customized sales forecasting models to help make real estate decisions. . . . more
Claire’s Stores Inc. will develop customized sales forecasting models to help make real estate decisions. . . . more
Walmart sales, earnings top estimates as online sales surge 79%
CSA
Walmart Inc. reported another strong quarter as its e-commerce sales continued to soar amid the pandemic. . . . more
Walmart Inc. reported another strong quarter as its e-commerce sales continued to soar amid the pandemic. . . . more
Amazon shakes up pharmacy landscape with launch of online prescription service
CSA
CVS Health and Walgreens are already feeling shock waves from the opening of Amazon’s new online pharmacy. . . . more
CVS Health and Walgreens are already feeling shock waves from the opening of Amazon’s new online pharmacy. . . . more
Locations of 99 Restaurant & Pub in Braintree and West Concord to Close
Boston Restaurant Talk
A family-friendly chain of restaurants with local roots will be closing two locations in the Greater Boston area. . . . more
Tuesday, November 17, 2020
Chick-fil-A goes modular with offsite restaurant rebuild
Restaurant Dive
Last month, Chick-fil-A opened its first restaurant built with a modular construction process, with help from Conyers, Georgia-based modular builder Frey-Moss Structures. . . . more
Last month, Chick-fil-A opened its first restaurant built with a modular construction process, with help from Conyers, Georgia-based modular builder Frey-Moss Structures. . . . more
Dillard's surprises with Q3 profit despite women's apparel slump
Retail Dive
Dillard's on Thursday reported that total third quarter retail sales (excluding its construction business) fell about 25% year over year to $994.6 million, with home and furniture significantly outperforming other categories and women's apparel sales "significantly below trend." . . . more
Dillard's on Thursday reported that total third quarter retail sales (excluding its construction business) fell about 25% year over year to $994.6 million, with home and furniture significantly outperforming other categories and women's apparel sales "significantly below trend." . . . more
Taubman agrees to discount, clearing path to Simon merger
Retail Dive
In a reversal of its attempt to nix its deal to acquire smaller rival Taubman, Simon Property Group is set to take over some of the most productive mall properties in the U.S., widely seen as key to thriving in a new retail environment. . . . more
In a reversal of its attempt to nix its deal to acquire smaller rival Taubman, Simon Property Group is set to take over some of the most productive mall properties in the U.S., widely seen as key to thriving in a new retail environment. . . . more
Tailored Brands looks to exit bankruptcy later this month
Retail Dive
Tailored Brands won court approval for its plan to reorganize in Chapter 11 bankruptcy after filing in August, the company said in a press release. . . . more
Tailored Brands won court approval for its plan to reorganize in Chapter 11 bankruptcy after filing in August, the company said in a press release. . . . more
Francesca's to close 140 stores by end of January
CSA
Francesca's Holdings Corp. is considering its options, including bankruptcy. . . . more
Stop & Shop Among Supermarket Chains Planning To Offer Coronavirus Vaccines In Pharmacies
CBS Boston
Quincy-based Stop & Shop has signed on to be among the first pharmacies in the country to administer future coronavirus vaccines when one is authorized by the FDA. . . . more
Quincy-based Stop & Shop has signed on to be among the first pharmacies in the country to administer future coronavirus vaccines when one is authorized by the FDA. . . . more
Retailers urging holiday shoppers to start early to limit crowd size
Boston 25 News
You may have noticed the holiday shopping season already underway. Retailers are urging people to shop earlier to help alleviate crowds during the last-minute rush. Inside Neatly Nested in South Boston, customers were getting a jump on the holiday rush. . . . more
You may have noticed the holiday shopping season already underway. Retailers are urging people to shop earlier to help alleviate crowds during the last-minute rush. Inside Neatly Nested in South Boston, customers were getting a jump on the holiday rush. . . . more
Monday, November 16, 2020
Guitar Center to file for bankruptcy
Retail Dive
Guitar Center plans to file for Chapter 11 and be out by the end of the year, the retailer said in a press release.. . . more
Teens to do some shopping in store this holiday season, according to survey
CSA
Teens are not abandoning retail stores when it comes to holiday shopping. . . . more
Home Depot in $8 billion deal to acquire national distributor
CSA
In a homecoming of sorts, The Home Depot will acquire a unit it sold some 13 years ago. . . . more
In a homecoming of sorts, The Home Depot will acquire a unit it sold some 13 years ago. . . . more
Friday, November 13, 2020
Anchors, away: How department stores are ditching malls
Retail Dive
When department stores took their cavernous stores with their varied assortments, savvy buyers and attentive associates to the mall decades ago, it was a win-win. The retailers could more easily reach all the customers who were filling up the suburbs, and the malls could chase that footfall up and down their corridors and into their smaller inline specialty tenants. . . . more
When department stores took their cavernous stores with their varied assortments, savvy buyers and attentive associates to the mall decades ago, it was a win-win. The retailers could more easily reach all the customers who were filling up the suburbs, and the malls could chase that footfall up and down their corridors and into their smaller inline specialty tenants. . . . more
CBRE predicts 20% reduction in total U.S. retail square footage by 2025
CSA
The year 2021 will see a strengthened recovery of all U.S. commercial real estate sectors as the broader economy bounces back from the pandemic-induced recession. . . . more
The year 2021 will see a strengthened recovery of all U.S. commercial real estate sectors as the broader economy bounces back from the pandemic-induced recession. . . . more
Walmart goes all in for pets, complete with insurance
CSA
Walmart is expanding its pet business to tap as the market for pet supplies and pet care continues to grow.. . . more
Walmart is expanding its pet business to tap as the market for pet supplies and pet care continues to grow.. . . more
Thursday, November 12, 2020
Here's what the Taco Bell of the future will look like
CNN Business
Taco Bell's newest restaurant design emphasizes the drive-thru and limits human interaction, making it more suitable for the coronavirus era. . . . more
Online shopping surge could lead to holiday delivery delays
WCVB
Retailers and carriers are preparing for an online holiday shopping surge that could tax shipping networks and lead to delivery delays.. . . more
Retailers and carriers are preparing for an online holiday shopping surge that could tax shipping networks and lead to delivery delays.. . . more
McDonald’s pilots faster ordering, payment solutions at drive-thru
CSA
Drive-thru is already a streamlined way of picking up fast-food orders, but McDonald’s wants to digitally increase the convenience factor.. . . more
Drive-thru is already a streamlined way of picking up fast-food orders, but McDonald’s wants to digitally increase the convenience factor.. . . more
Chipotle holds the dining room in new digital-only store concept
CSA
Chipotle is opening a restaurant that will fill pick-up and delivery orders only.. . . more
Chipotle is opening a restaurant that will fill pick-up and delivery orders only.. . . more
How the J.C. Penney acquisition is changing the game in retail real estate
CSA
Victor Sahn has specialized in bankruptcy law going on 40 years, and he says that what’s happening in retail Chapter 11 situations during the pandemic is something entirely new.. . . more
Victor Sahn has specialized in bankruptcy law going on 40 years, and he says that what’s happening in retail Chapter 11 situations during the pandemic is something entirely new.. . . more
Wednesday, November 11, 2020
Rite Aid leans on pharmacists in rebranding effort
Retail Dive
Rite Aid on Monday unveiled a rebranding that includes a new logo, holistic health focus and website revamp, along with a store concept in pilot mode. The logo replaces blue and red chevron color blocks with blue and green, including a graphic of a mortar and pestle with an herbal sprig. . . . more
Rite Aid on Monday unveiled a rebranding that includes a new logo, holistic health focus and website revamp, along with a store concept in pilot mode. The logo replaces blue and red chevron color blocks with blue and green, including a graphic of a mortar and pestle with an herbal sprig. . . . more
Nordstrom ties up with Casper to sell products in stores, online
Retail Dive
Casper on Tuesday announced its mattresses and sleep accessories will be sold in some Nordstrom stores and on its website beginning this month. . . . more
Casper on Tuesday announced its mattresses and sleep accessories will be sold in some Nordstrom stores and on its website beginning this month. . . . more
What a vaccine could mean for retail
Retail Dive
On Monday morning, when VF Corp. announced that it will plunk down more than $2 billion to snag streetwear favorite Supreme for its portfolio, the apparel conglomerate probably thought it would count as retail's best news in a while. But it was quickly overshadowed by the report that pharmaceutical giant Pfizer is putting the finishing touches on a vaccine that it says is 90% effective against COVID-19.. . . more
On Monday morning, when VF Corp. announced that it will plunk down more than $2 billion to snag streetwear favorite Supreme for its portfolio, the apparel conglomerate probably thought it would count as retail's best news in a while. But it was quickly overshadowed by the report that pharmaceutical giant Pfizer is putting the finishing touches on a vaccine that it says is 90% effective against COVID-19.. . . more
Red Lobster opens its first ‘ghost kitchen’
CSA
Red Lobster has joined one of the restaurant industry’s fastest-growing trends.. . . more
Red Lobster has joined one of the restaurant industry’s fastest-growing trends.. . . more
Sale of J.C. Penney gets court approval
CSA
The deal to save J.C. Penney has been approved by bankruptcy court.. . . more
The deal to save J.C. Penney has been approved by bankruptcy court.. . . more
Ulta Beauty to open hundreds of shops — in Target
CSA
Ulta Beauty is expanding its footprint in a partnership with Target Corp.. . . more
Ulta Beauty is expanding its footprint in a partnership with Target Corp.. . . more
Tuesday, November 10, 2020
Simon’s Balance Sheet Takes Big Hit in Q3 — But Mall Giant Signals Optimism About Stronger Shopper Traffic and Retailer Sales
Footwear News
Earnings and sales at Simon Property Group fell short of Wall Street’s expectations, sending the mall behemoth’s stock down in Monday after-hours trading.. . . more
Earnings and sales at Simon Property Group fell short of Wall Street’s expectations, sending the mall behemoth’s stock down in Monday after-hours trading.. . . more
Casey’s in $580 million, 94-store acquisition
CSA
Casey’s General Stores is expanding its presence in the Midwest.. . . more
Casey’s General Stores is expanding its presence in the Midwest.. . . more
Furniture Factory Outlet files for bankruptcy
Retail Dive
Regional home goods retailer Furniture Factory Outlet filed for bankruptcy Thursday citing tight cash and supply chain disruption related to the COVID-19 pandemic.. . . more
Regional home goods retailer Furniture Factory Outlet filed for bankruptcy Thursday citing tight cash and supply chain disruption related to the COVID-19 pandemic.. . . more
Party City celebrates better-than-expected quarter
CSA
Party City swung to a profit in its third quarter and reported sales and earnings that topped Street estimates amid strength in its core categories. . . . more
Party City swung to a profit in its third quarter and reported sales and earnings that topped Street estimates amid strength in its core categories. . . . more
Joann unwraps streamlined BOPIS, curbside in time for holidays
CSA
A specialty crafts and fabrics retailer has added mobile location capability to its omnichannel pickup service.. . . more
A specialty crafts and fabrics retailer has added mobile location capability to its omnichannel pickup service.. . . more
Rite Aid unveils new branding; testing ‘store of the future’ design
CSA
Rite Aid is piloting a new store design that puts the pharmacist up front in the shopping experience. . . . more
Rite Aid is piloting a new store design that puts the pharmacist up front in the shopping experience. . . . more
Friday, November 6, 2020
Fannie May marks 100th anniversary with remodeled stores
Plain Vanilla Shell
Fannie May is celebrating its 100th anniversary this year with a new look, both on its packaging and in its retail stores.. . . more
Fannie May is celebrating its 100th anniversary this year with a new look, both on its packaging and in its retail stores.. . . more
Papa John's continued sales growth attracts lucrative franchisees
Restaurant Dive
Papa John's reported a revenue increase of 17% year-over-year to $472.9 million for Q3 and a net income of $15.7 million for the period, according to a company release Thursday, exceeding Wall Street expectations.. . . more
Papa John's reported a revenue increase of 17% year-over-year to $472.9 million for Q3 and a net income of $15.7 million for the period, according to a company release Thursday, exceeding Wall Street expectations.. . . more
Dollar General announces single-day holiday sales event
Retail Dive
Dollar General will have a pre-holiday sales event on Nov. 13 with specials across its nearly 17,000 stores and online, the retailer recently announced. . . . more
Dollar General will have a pre-holiday sales event on Nov. 13 with specials across its nearly 17,000 stores and online, the retailer recently announced. . . . more
How the pandemic pushed crafters toward Michaels
Retail Dive
For various nonessential retailers, including Michaels, the COVID-19 pandemic was particularly bleak in March.. . . more
For various nonessential retailers, including Michaels, the COVID-19 pandemic was particularly bleak in March.. . . more
New Jersey bans plastic and paper bags in one of nation’s most stringent laws
CSA
Supermarkets in New Jersey will no longer be able to give paper bags to customers starting in mid-2022.. . . more
Supermarkets in New Jersey will no longer be able to give paper bags to customers starting in mid-2022.. . . more
Private equity company takes majority stake in Clarks
CSA
In a deal that ends family ownership after nearly 200 years, struggling footwear brand and retailer Clarks has sold a majority stake in the company to Hong Kong-based private equity firm LionRock Capital.. . . more
In a deal that ends family ownership after nearly 200 years, struggling footwear brand and retailer Clarks has sold a majority stake in the company to Hong Kong-based private equity firm LionRock Capital.. . . more
Old Navy closes stores Thanksgiving, extends Black Friday
CSA
Old Navy is turning Black Friday into ‘Big Friday’ and giving store shoppers and employees the day off on Thanksgiving.. . . more
Old Navy is turning Black Friday into ‘Big Friday’ and giving store shoppers and employees the day off on Thanksgiving.. . . more
Thursday, November 5, 2020
Wingstop Opens Milestone 1,500th Restaurant
Restaurant News
Wingstop Inc. (NASDAQ: WING), the award-winning wing concept, celebrates the opening of its 1,500th restaurant, located at 8675 W. Rome Blvd. in Las Vegas. This major milestone follows the news of Wingstop’s 43 net new openings for Q3 2020 and adjusted guidance, increased from 120 to 130 net new openings to now 135 to 140 net new openings for 2020. . . . more
Talbots hears – and responds to – the voice of the customer
CSA
A women’s specialty apparel retailer is enhancing its customer experience based on social feedback.. . . more
A women’s specialty apparel retailer is enhancing its customer experience based on social feedback.. . . more
Hook & Reel’s expansion extends close to Yankee Stadium
CSA
The Feil Organization’s renovation of Concourse Plaza, a 311,000-sq.-ft. center four blocks from Yankee Stadium in the Bronx, continues four years after it began.. . . more
The Feil Organization’s renovation of Concourse Plaza, a 311,000-sq.-ft. center four blocks from Yankee Stadium in the Bronx, continues four years after it began.. . . more
Ahold Delhaize ups U.S. store remodels, click-and-collect for 2021
CSA
A global supermarket conglomerate is accelerating the remodeling program for its U.S. Stop & Shop banner.. . . more
A global supermarket conglomerate is accelerating the remodeling program for its U.S. Stop & Shop banner.. . . more
Pet Valu going out of business, closing all stores
CSA
Pet Valu plans to “wind down” its U.S. operations due to the severe impact from COVID-19.. . . more
Pet Valu plans to “wind down” its U.S. operations due to the severe impact from COVID-19.. . . more
Wednesday, November 4, 2020
First Look: Men’s Wearhouse opens ‘next-gen’ store concept
CSA
Men’s Wearhouse has unveiled a new store concept that incorporates digital elements and reflects the brand’s continued evolution of the customer experience. . . . more
Men’s Wearhouse has unveiled a new store concept that incorporates digital elements and reflects the brand’s continued evolution of the customer experience. . . . more
Panera's second largest franchisee tests beer and wine
Restaurant Dive
Pan American Group, a subsidiary of Flynn Restaurant Group and Panera’s second largest franchisee, will test beer and wine sales at five of its Kansas City locations.. . . more
Pan American Group, a subsidiary of Flynn Restaurant Group and Panera’s second largest franchisee, will test beer and wine sales at five of its Kansas City locations.. . . more
Bankrupt Stein Mart has a $4M bid for its IP
Retail Dive
Stein Mart has a $4 million bid for its intellectual property that would set the baseline for an auction, according to a court filing. . . . more
Stein Mart has a $4 million bid for its intellectual property that would set the baseline for an auction, according to a court filing. . . . more
Target has opened 30 stores this year — here’s a rundown
CSA
Target Corp.’s unique style is on full display in the 30 new stores it has opened this year, with safety a constant across all the locations.. . . more
Target Corp.’s unique style is on full display in the 30 new stores it has opened this year, with safety a constant across all the locations.. . . more
Tuesday, November 3, 2020
Publix Q3 sales jump 18.3%; stock price increases
CSA
Publix Super Markets’ net and comparable sales surged in its third quarter, once again fueled by
Publix Super Markets’ net and comparable sales surged in its third quarter, once again fueled by
coronavirus-triggered demand.. . . more
Chico’s shores up finances, strengthens liquidity
CSA
Chico's FAS said its amended and extended $300 million senior secured credit facility has closed. . . . more
PREIT files for Chapter 11 protection to enable restructuring
CSA
Big mall owner PREIT has filed for Chapter 11 protection to gain access to an additional $150 million to extend its debt maturity schedule and allow it to follow through with planned strategic moves.. . . more
Big mall owner PREIT has filed for Chapter 11 protection to gain access to an additional $150 million to extend its debt maturity schedule and allow it to follow through with planned strategic moves.. . . more
Shake Shack plans to build up to 8 stores with drive-thru lanes
NRN
Though Shake Shack is not out of the woods, CEO Randy Garutti said the New York City-based fast-casual burger chain is ramping up menu innovation and unit growth with plans to open 35 to 40 new stores in 2021.. . . more
Though Shake Shack is not out of the woods, CEO Randy Garutti said the New York City-based fast-casual burger chain is ramping up menu innovation and unit growth with plans to open 35 to 40 new stores in 2021.. . . more
Monday, November 2, 2020
Grocery stores want to make it less of a nightmare to order online this winter
CNN Business
In the early stages of the coronavirus pandemic in the United States, finding an open slot for grocery delivery was like winning the lottery. . . . more
In the early stages of the coronavirus pandemic in the United States, finding an open slot for grocery delivery was like winning the lottery. . . . more
Pier 1 relaunches as online store
Retail Dive
After acquiring Pier 1's trademark name, intellectual property, data and e-commerce assets, new owner Retail Ecommerce Ventures (REV) is relaunching the retail brand as an online store, according to a Thursday press release. Pier 1 closed its brick-and-mortar stores earlier this year as part of its bankruptcy plan.. . . more
After acquiring Pier 1's trademark name, intellectual property, data and e-commerce assets, new owner Retail Ecommerce Ventures (REV) is relaunching the retail brand as an online store, according to a Thursday press release. Pier 1 closed its brick-and-mortar stores earlier this year as part of its bankruptcy plan.. . . more
Taco Bell served 30M more cars year-over-year as drive-thru demand 'skyrocketed'
Restaurant Dive
Taco Bell's total system sales grew 5% in Q3 2020, driven by same-store sales growth and net new unit growth of 3%, respectively, according to Yum Brand's investor call Thursday. . . . more
Taco Bell's total system sales grew 5% in Q3 2020, driven by same-store sales growth and net new unit growth of 3%, respectively, according to Yum Brand's investor call Thursday. . . . more
Inspire Brands buys Dunkin' in $11.3B deal
Restaurant Dive
Inspire Brands acquired Dunkin' Brands Friday for $11.3 billion including the assumption of Dunkin's debt, in what is easily the largest deal between two restaurant companies of the year. The transaction is expected to close by the end of 2020. . . . more
Inspire Brands acquired Dunkin' Brands Friday for $11.3 billion including the assumption of Dunkin's debt, in what is easily the largest deal between two restaurant companies of the year. The transaction is expected to close by the end of 2020. . . . more
J.C. Penney signs agreement with Brookfield, Simon
CSA
J.C. Penney has taken a big step towards its financial restructuring and emergence from bankruptcy.. . . more
J.C. Penney has taken a big step towards its financial restructuring and emergence from bankruptcy.. . . more
Home Depot signs biggest retail lease Manhattan has seen in years
CSA
The Home Depot is going big in Manhattan.. . . more
Friendly’s To Be Sold After Filing For Bankruptcy Again
CBS Boston
Friendly’s is filing for bankruptcy again but this time it will be sold in an attempt to keep its restaurants open.. . . more
Friendly’s is filing for bankruptcy again but this time it will be sold in an attempt to keep its restaurants open.. . . more
Thursday, October 29, 2020
'Death of an entity': 10 retailers that liquidated this year
Retail Dive
J.C. Penney was one of the lucky ones, if you can call any company in bankruptcy lucky.. . . more
J.C. Penney was one of the lucky ones, if you can call any company in bankruptcy lucky.. . . more
Dick’s Sporting Goods opens Carrie Underwood pop-ups
CSA
Dick’s Sporting Goods is taking its partnership with superstar Carrie Underwood to another level. . . . more
Tiffany, LVMH reportedly in talks to reduce deal value, settle dispute
CSA
Tiffany & Co. and LVMH are discussing new terms for the U.S. jeweler’s acquisition, which could help settle the dispute between the two companies.. . . more
Tiffany & Co. and LVMH are discussing new terms for the U.S. jeweler’s acquisition, which could help settle the dispute between the two companies.. . . more
New Balance aligns enterprise operations with customer demand
CSA
A vertical athletic footwear/apparel retailer is maintaining omnichannel harmony with cloud-based ERP technology.. . . more
A vertical athletic footwear/apparel retailer is maintaining omnichannel harmony with cloud-based ERP technology.. . . more
CVS Health to add 30-minute rapid-result COVID testing
CSA
CVS Health is expanding its commitment to COVID-19 testing.. . . more
CVS Health is expanding its commitment to COVID-19 testing.. . . more
Landlords, lenders file suits as retail property values fall as much as 75%
CSA
Banks and landlords that granted retail property owners mortgage and rent payment deferrals during early-pandemic shutdowns are now aggressively seeking payback.. . . more
Banks and landlords that granted retail property owners mortgage and rent payment deferrals during early-pandemic shutdowns are now aggressively seeking payback.. . . more
Bed, Bath & Beyond’s three-year plan includes store remodels, tech investments
CSA
Bed Bath & Beyond will invest $1 billion to $1.5 billion in its business as part of a new three-year strategy to accelerate its onmnichannel transformation and drive sales, margin and cash flow growth.. . . more
Wednesday, October 28, 2020
Panera Rolls into the Pizza Category with Launch of Three New Flatbread Pizzas
Restaurant News
Today, Panera announces the launch of Flatbread Pizza – a new menu category from Panera, rolling out nationwide this week.. . . more
Today, Panera announces the launch of Flatbread Pizza – a new menu category from Panera, rolling out nationwide this week.. . . more
Tuesday Morning opts to go it alone rather than sell itself in Ch. 11
Retail Dive
Tuesday Morning said it will not seek a sale of its assets in Chapter 11, according to a Monday court filing. . . . more
Rug merchant buys Stamford Town Center for $20.15 million
CSA
In a turnaround of the trend which has mall owners like Brookfield and Simon buying retail chains, the high-end rug merchant Safavieh has purchased the Stamford Town Center mall in Stamford, Conn., from Taubman for $20.15 million.. . . more
In a turnaround of the trend which has mall owners like Brookfield and Simon buying retail chains, the high-end rug merchant Safavieh has purchased the Stamford Town Center mall in Stamford, Conn., from Taubman for $20.15 million.. . . more
Nordstrom Local expanding
CSA
Nordstrom is doubling down on its no-inventory store format in the company’s largest market.. . . more
Nordstrom is doubling down on its no-inventory store format in the company’s largest market.. . . more
First Look: Avon goes big with its first brick-and-mortar experience
CSA
The North American branch of Avon has opened its first physical location, in the Koreatown neighborhood Los Angeles.. . . more
The North American branch of Avon has opened its first physical location, in the Koreatown neighborhood Los Angeles.. . . more
Tuesday, October 27, 2020
This is what the new Burger King and Popeyes drive-thrus will look like
CNN Business
Burger King, Popeyes and Tim Hortons are getting new drive-thrus to boost sales in the coronavirus age.. . . more
Burger King, Popeyes and Tim Hortons are getting new drive-thrus to boost sales in the coronavirus age.. . . more
Mall landlord PREIT gets default notice from bank
CSA
Mall owner and operator PREIT has received notice of "alleged events of default" from Wells Fargo on a term loan, according to a securities filing from Friday.. . . more
Mall owner and operator PREIT has received notice of "alleged events of default" from Wells Fargo on a term loan, according to a securities filing from Friday.. . . more
Guitar Center Mulls Restructuring With Creditors Taking Control
Bloomberg
Guitar Center Inc., the largest musical instrument retailer in the U.S., is considering options including bankruptcy to manage its debt load after it skipped bond interest payments this month.. . . more
Guitar Center Inc., the largest musical instrument retailer in the U.S., is considering options including bankruptcy to manage its debt load after it skipped bond interest payments this month.. . . more
Dunkin’ Brands in potential blockbuster deal to sell itself
CSA
Dunkin’ Brands Group confirmed it is in talks to be acquired in a move that would take it private.. . . more
Dunkin’ Brands Group confirmed it is in talks to be acquired in a move that would take it private.. . . more
Monday, October 26, 2020
One year in: Mark Tritton's turnaround at Bed Bath & Beyond
Retail Dive
Bed Bath & Beyond had been on the decline for years, both in terms of sales and market share, which an activist investor group blamed largely on the missteps of longtime CEO Steven Temares. . . . more
Bed Bath & Beyond had been on the decline for years, both in terms of sales and market share, which an activist investor group blamed largely on the missteps of longtime CEO Steven Temares. . . . more
Carter’s to close 25% of stores as leases expire
CSA
Carter’s is closing a big chunk of its store base but it isn’t giving up on new store growth. . . . more
Carter’s is closing a big chunk of its store base but it isn’t giving up on new store growth. . . . more
QDOBA Mexican Eats Unveils New Floorplans and Restaurant Concepts, Designed for Growth
Plain Vanilla Shell
QDOBA Mexican Eats® (QDOBA), the largest franchise opportunity in the fast-casual Mexican segment, has introduced new restaurant formats that set the stage for the Brand’s continued growth. QDOBA’s new concepts feature buildouts including mobile-order drive-thrus, walk-up windows, mobile-order pick-up lockers, dedicated curbside pick-up areas, ghost kitchens, and concepts with updated outdoor seating. The new formats come on the heels of a major multi-unit franchise development strategy announced last month that is set to grow the Brand to 2,000 units.. . . more
QDOBA Mexican Eats® (QDOBA), the largest franchise opportunity in the fast-casual Mexican segment, has introduced new restaurant formats that set the stage for the Brand’s continued growth. QDOBA’s new concepts feature buildouts including mobile-order drive-thrus, walk-up windows, mobile-order pick-up lockers, dedicated curbside pick-up areas, ghost kitchens, and concepts with updated outdoor seating. The new formats come on the heels of a major multi-unit franchise development strategy announced last month that is set to grow the Brand to 2,000 units.. . . more
Friday, October 23, 2020
Verizon deploys voice-activated digital shopping in stores
CSA
Verizon hears what customers are saying, with smart signs located in physical stores.. . . more
Verizon hears what customers are saying, with smart signs located in physical stores.. . . more
Five predictions for retail 2021
CSA
Retailers will invest more in logistics than any other line item in 2021 and mall operators will entirely
reinvent themselves and their business operations. . . . more
Retailers will invest more in logistics than any other line item in 2021 and mall operators will entirely
reinvent themselves and their business operations. . . . more
Hurley owner Bluestar bids $60M for Justice tween brand
Retail Dive
Bluestar Alliance, whose brand portfolio includes Hurley, bebe, Tahari, Brookstone, Limited Too and Nanette Lepore, is now the stalking horse bidder for Ascena's Justice brand, with a $60 million-plus offer that includes $44 million in cash, according to a company press release.. . . more
Bluestar Alliance, whose brand portfolio includes Hurley, bebe, Tahari, Brookstone, Limited Too and Nanette Lepore, is now the stalking horse bidder for Ascena's Justice brand, with a $60 million-plus offer that includes $44 million in cash, according to a company press release.. . . more
AMC warns bankruptcy is on the table as cash runs low
CNBC
AMC has agreed to sell as many as 15 million shares of its stock, but equity in the company could soon be worthless if the largest theater chain in the world files for bankruptcy.. . . more
AMC has agreed to sell as many as 15 million shares of its stock, but equity in the company could soon be worthless if the largest theater chain in the world files for bankruptcy.. . . more
Apple expands 'Express' retail store format ahead of holiday season
Plain Vanilla Shell
Apple Inc AAPL.O is expanding a new physical store format as it tries to get iPhone 12 models into customers' hands, its retail chief told Reuters in an interview.. . . more
Apple Inc AAPL.O is expanding a new physical store format as it tries to get iPhone 12 models into customers' hands, its retail chief told Reuters in an interview.. . . more
Grocery Outlet Readies East Coast Invasion
Plain Vanilla Shell
Grocery Outlet, the fast-growing West Coast discounter that has quietly maintained a small pocket of stores on the East Coast, looks poised to begin a significant move to expand the latter front, WGB has learned.. . . more
Grocery Outlet, the fast-growing West Coast discounter that has quietly maintained a small pocket of stores on the East Coast, looks poised to begin a significant move to expand the latter front, WGB has learned.. . . more
Thursday, October 22, 2020
KPMG: Consumer holiday spending to fall 18%; apparel to take biggest hit
CSA
Consumers plan on buying fewer gifts and spending less this holiday season.. . . more
Consumers plan on buying fewer gifts and spending less this holiday season.. . . more
Retro Fitness Raises New Funding From Arena Capital Partners
Plain Vanilla Shell
Retro Fitness received an investment from Arena Capital Partners.. . . more
Retro Fitness received an investment from Arena Capital Partners.. . . more
J.C. Penney inks deal to sell itself, looks to close it in time for holidays
Retail Dive
J.C. Penney finally has a formal deal on paper and signed with Simon Property Group, Brookfield Asset Management and key lenders that would sell off the department store chain and some 160 real estate assets. . . . more
With new private label, Kohl's stakes strategy on the athleisure boom
Retail Dive
Kohl’s on Tuesday unveiled a strategy centered on what it called "a new vision: to be the most trusted retailer of choice for the active and casual lifestyle.". . . more
Kohl’s on Tuesday unveiled a strategy centered on what it called "a new vision: to be the most trusted retailer of choice for the active and casual lifestyle.". . . more
Whole Foods rolls out one-hour pickup chainwide
CSA
Amazon Prime members have a new perk. Amazon is offering free, one-hour pickup at all locations of its
Whole Foods Market grocery chain for members of its Amazon Prime paid loyalty program. The service applies to all orders of $35 or more.. . . more
P.F. Chang's Is Opening New Locations In These Cities
Plain Vanilla Shell
Residents of New York and Chicago will see nearly 20 P.F. Chang's locations pop up in their states in coming months. Don't plan on dining-in, though, because these new spots will all be P.F. Chang's To Go restaurants.. . . more
Residents of New York and Chicago will see nearly 20 P.F. Chang's locations pop up in their states in coming months. Don't plan on dining-in, though, because these new spots will all be P.F. Chang's To Go restaurants.. . . more
Wednesday, October 21, 2020
Life after liquidation: Why some brands thrive after closing shop and others don't
CSA
What's in a name? Or maybe the question today is: How many dollars are in a name?. . . more
What's in a name? Or maybe the question today is: How many dollars are in a name?. . . more
Parent company of Winn-Dixie, other grocery banners files for IPO
CSA
Southeastern Grocers is looking to join the public arena.. . . more
Southeastern Grocers is looking to join the public arena.. . . more
Lidl to install hospital grade air filters in all U.S. stores by yearend
CSA
Lidl US is upgrading its ventilation system to help stop the spread of COVID-19.. . . more
Lidl US is upgrading its ventilation system to help stop the spread of COVID-19.. . . more
True Religion exits bankruptcy — again
CSA
True Religion has emerged from Chapter 11 bankruptcy protection for the second time in less than three years. . . . more
True Religion has emerged from Chapter 11 bankruptcy protection for the second time in less than three years. . . . more
Amazon gearing up to expand Amazon Fresh stores
CSA
Amazon is bringing its new grocery store format Amazon Fresh to the suburbs of Chicago.. . . more
Amazon is bringing its new grocery store format Amazon Fresh to the suburbs of Chicago.. . . more
J.C. Penney expects to exit bankruptcy ahead of holiday season
CSA
J.C. Penney is inching closer to being acquired by mall giants Simon Property Group and Brookfield Asset Management. But a couple of potential roadblocks remain.. . . more
J.C. Penney is inching closer to being acquired by mall giants Simon Property Group and Brookfield Asset Management. But a couple of potential roadblocks remain.. . . more
Tuesday, October 20, 2020
Stein Mart's IP up for sale
CSA
As Stein Mart winds down its physical business in bankruptcy, its intellectual property is going up for sale. . . . more
As Stein Mart winds down its physical business in bankruptcy, its intellectual property is going up for sale. . . . more
Why the Fast-Food Dining Room Could Be a Thing of the Past
Restaurant Business
Is the fast-food dining room dead? Probably not. But the pandemic could well give rise to a new generation of restaurants that ditch indoor seating altogether.. . . more
Is the fast-food dining room dead? Probably not. But the pandemic could well give rise to a new generation of restaurants that ditch indoor seating altogether.. . . more
As Retail Shakeout Continues, Kohl’s Is Upping Its Shoe Game
Footwear News
As the pandemic continues to roil retail, Kohl’s is moving quickly to differentiate itself from rivals. A big focus? Upping its shoe game.. . . more
As the pandemic continues to roil retail, Kohl’s is moving quickly to differentiate itself from rivals. A big focus? Upping its shoe game.. . . more
Store closings slowed down in September and October
CSA
As COVID-19 cases scaled up during the month of May, 1,385 stores taking up 40 million sq. ft. closed for good in the United States.. . . more
As COVID-19 cases scaled up during the month of May, 1,385 stores taking up 40 million sq. ft. closed for good in the United States.. . . more
Strong non-store, grocery sales to drive holiday growth
CSA
Retailers should expect e-commerce to deliver the most cheer this holiday season. . . . more
Retailers should expect e-commerce to deliver the most cheer this holiday season. . . . more
Monday, October 19, 2020
Kelly’s Roast Beef Widens Scope for Expansion, Targeting Providence
Restaurant News
Earlier this year, iconic Boston staple Kelly’s Roast Beef announced the launch of its franchise opportunity, giving hopeful entrepreneurs the chance to open a Kelly’s in their very own communities.. . . more
Earlier this year, iconic Boston staple Kelly’s Roast Beef announced the launch of its franchise opportunity, giving hopeful entrepreneurs the chance to open a Kelly’s in their very own communities.. . . more
Nordstrom, Balsam Hill partner for in-store Christmas tree lots
CSA
Nordstrom partnered with Balsam Hill to create Christmas tree lots for holiday shoppers at 21 Nordstrom stores across 13 states, Balsam Hill announced on Tuesday. It's a first-time partnership for both companies.. . . more
Nordstrom partnered with Balsam Hill to create Christmas tree lots for holiday shoppers at 21 Nordstrom stores across 13 states, Balsam Hill announced on Tuesday. It's a first-time partnership for both companies.. . . more
5 retail holiday predictions for 2020
Retail Dive
2020 has been full of wild cards. In years past, forecasting for the last quarter of the season seemed, comparatively, like a much more straightforward effort.. . . more
Connecticut’s largest mall will live on, says owner
CSA
Following a Planning and Zoning Board vote that rejected Centennial’s plan to add luxury apartments to its Connecticut Post Mall in Milford, Conn., the fate of the state’s largest mall was in question. But there was no question about it in the mind of Centennial’s founder and CEO Steve Levin.. . . more
Following a Planning and Zoning Board vote that rejected Centennial’s plan to add luxury apartments to its Connecticut Post Mall in Milford, Conn., the fate of the state’s largest mall was in question. But there was no question about it in the mind of Centennial’s founder and CEO Steve Levin.. . . more
Walmart, Target, Sam’s Club, Nordstrom tops in contactless shopping experiences
CSA
Some retailers have adapted to the need to reimagine the customer shopping experience better than others.. . . more
Some retailers have adapted to the need to reimagine the customer shopping experience better than others.. . . more
P.F. Chang’s expanding new take-out concept
CSA
P.F. Chang’s is expanding its new format dedicated exclusively to take-out customers.. . . more
P.F. Chang’s is expanding its new format dedicated exclusively to take-out customers.. . . more
Flying Tiger Variety Store Closing UES Shop, All US Locations
Plain Vanilla Shell
The Danish home goods and toy store Flying Tiger Copenhagen is closing all of its U.S. locations, including a shop on the Upper East Side, the company announced this week.. . . more
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