Wednesday, December 23, 2020

Vaccine releases boost retail REIT stocks

CSA
The release of two vaccines against COVID-19 turned out to be the best Christmas present for retail real estate investment trusts. . . more

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

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

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

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

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

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

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

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

Rent-A-Center makes $1.6 billion acquisition

CSA
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

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

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

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

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

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

Rite Aid Q3 strong as revenue jumps 12%

CSA
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

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

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

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

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

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

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

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

Super Saturday: Here’s what retailers should expect

CSA
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

Bluedot: Five key trends, predictions for 2021

CSA
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

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

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

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

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

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

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

New Malls for a New Reality

CSA
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

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

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

'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

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

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

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

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

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

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

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

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

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

Resilient Retailer of the Year: Costco

Reatil Dive
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

$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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Thanksgiving weekend spending trends

ICSC
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

Express loss widens; cuts 10% of corporate staff

CSA
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

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

Yesway opens first store in its accelerated real estate and remodel push

CSA
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

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

Men’s Wearhouse owner exits Chapter 11

CSA
Tailored Brands is ready for its next chapter. . . 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

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

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

Stonewall Kitchen opens new store, cafe

CSA
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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

7-Eleven expands new store format

CSA
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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Red Lobster opens its first ‘ghost kitchen’

CSA
Red Lobster has joined one of the restaurant industry’s fastest-growing trends.. . . more

Justice sold at auction for $90 million

CSA
Justice has found a new home. . . . more

Sale of J.C. Penney gets court approval

CSA
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

Tuesday, November 10, 2020

Petco takes first step to go public

CSA
Petco Animal Supplies may go public — again. . . . more

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

Casey’s in $580 million, 94-store acquisition

CSA
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

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

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

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

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

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

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

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

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

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

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

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

J.Jill Moves Forward With Reverse Stock Split — What This Means for the Struggling Chain

Footwear News
J.Jill Inc. is moving forward with a reverse stock split.. . . more

Furniture retailer EQ3 continues U.S. expansion

CSA
EQ3 is expanding its footprint in the U.S.. . . 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

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

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

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

Wednesday, November 4, 2020

7-Eleven parent could divest up to 300 locations

CSA
7-Eleven may be getting ready to sell off some locations as part of an acquisition. . . . more

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

CVS Health to add 30-minute rapid-result COVID testing

CSA
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

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

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

Nordstrom Local expanding

CSA
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

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

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

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

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

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

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

Ross Stores in 30 new store openings

CSA

Ross Stores has completed its 2020 expansion. . . . 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

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

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

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

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

Gap Inc. announces store closures, off-mall strategy

CSA
Gap Inc. is moving away from the mall. . . . 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

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

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

Retro Fitness Raises New Funding From Arena Capital Partners

Plain Vanilla Shell
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

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

FedEx turns stores into online return centers

CSA
FedEx Corp. is partnering with the Happy Returns online returns platform.. . . 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

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

Parent company of Winn-Dixie, other grocery banners files for IPO

CSA
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

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

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

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

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

Retail sales up in September with impressive year-over-year gains

CSA
Retail spending continued to grow in September led by a strong rebound in apparel.. . . 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

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

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

Report: Target planning more stores on Long Island

CSA
Target Corp. is reportedly expanding its presence on New York’s Long Island.. . . 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

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

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

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

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

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

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