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
Friday, December 4, 2020
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
Friday, October 16, 2020
IHOP Expands Franchisee Portfolio With Addition of Sun Holdings, Inc.
Restaurant News
IHOP® has expanded its franchisee portfolio with the addition of Suncakes, LLC , led by Guillermo Perales, through the acquisition of 41 IHOP restaurants. The restaurants, located in Tennessee, North Carolina, Virginia, and South Carolina, were previously owned and operated by CFRA Holdings and its affiliates and transferred to Suncakes, LLC in July 2020. Financial details of the deal will not be disclosed.. . . more
IHOP® has expanded its franchisee portfolio with the addition of Suncakes, LLC , led by Guillermo Perales, through the acquisition of 41 IHOP restaurants. The restaurants, located in Tennessee, North Carolina, Virginia, and South Carolina, were previously owned and operated by CFRA Holdings and its affiliates and transferred to Suncakes, LLC in July 2020. Financial details of the deal will not be disclosed.. . . more
ICSC sees 1.9% rise in holiday sales
Retail Dive
The main trade group for shopping centers has added its holiday forecasts to the pool, projecting a 1.9% rise in spending to $862.2 billion. . . . more
The main trade group for shopping centers has added its holiday forecasts to the pool, projecting a 1.9% rise in spending to $862.2 billion. . . . more
REI opens two pop-ups dedicated to used gear
CSA
REI Co-op is testing a new retail format as part of the expansion of its resale business. . . . more
REI Co-op is testing a new retail format as part of the expansion of its resale business. . . . more
Nordstrom removes BOPIS silos between banners
CSA
Nordstrom is turning its Nordstrom Rack off-price stores into one-stop online order pickup locations for all of its banners.. . . more
Nordstrom is turning its Nordstrom Rack off-price stores into one-stop online order pickup locations for all of its banners.. . . more
Thursday, October 15, 2020
Walgreens Q4 sales, earnings top Street; predicts 2021 profit growth
CSA
Walgreens Boots Alliance Inc. reported better-than-expected fourth-quarter earnings and sales even as the pandemic continued to cut into its income. . . . more
Walgreens Boots Alliance Inc. reported better-than-expected fourth-quarter earnings and sales even as the pandemic continued to cut into its income. . . . more
Sales rise at convenience stores, but not at the pump
CSA
In-store sales are up at convenience stores, but fuel sales continue to lag.. . . more
In-store sales are up at convenience stores, but fuel sales continue to lag.. . . more
Ascena moves to sell Justice tween brand for $35M
Retail Dive
Ascena Retail Group on Tuesday said it has an agreement to sell the intellectual property, e-commerce business and other assets of its Justice tween brand to Premier Brands Justice for $35 million, according to court documents filed Tuesday with the U.S. Bankruptcy Court for the Eastern District of Virginia.. . . more
Ascena Retail Group on Tuesday said it has an agreement to sell the intellectual property, e-commerce business and other assets of its Justice tween brand to Premier Brands Justice for $35 million, according to court documents filed Tuesday with the U.S. Bankruptcy Court for the Eastern District of Virginia.. . . more
Centric Brands exits bankruptcy
Retail Dive
Centric Brands has emerged from bankruptcy after filing for Chapter 11 in May. . . . more
Centric Brands has emerged from bankruptcy after filing for Chapter 11 in May. . . . more
Meijer continues expansion of its small-store grocery concept
CSA
Meijer has opened its third neighborhood market.. . . more
Meijer has opened its third neighborhood market.. . . more
Acme Markets to acquire 27 Kings Food Markets and Balducci’s Food Lover’s Markets
CSA
Acme Markets, a division of Albertsons Cos., is expanding its store footprint via an acquisition.. . . more
Acme Markets, a division of Albertsons Cos., is expanding its store footprint via an acquisition.. . . more
Bed Bath & Beyond in deal to sell Christmas Tree Shops
CSA
Bed Bath & Beyond Inc. has struck three separate deals as it continues to streamline its portfolio and shed its non-core businesses. . . . more
Bed Bath & Beyond Inc. has struck three separate deals as it continues to streamline its portfolio and shed its non-core businesses. . . . more
Tuesday, October 13, 2020
Home furnishings retailer Arhaus launches new store concept
CSA
Arhaus has unveiled a new format that specializes in interior design and customization services. . . . more
Arhaus has unveiled a new format that specializes in interior design and customization services. . . . more
Tropical Smoothie Cafe Continues Record Results in Q3
Plain Vanilla Shell
Tropical Smoothie Cafe, the franchisor of a leading national fast-casual concept known for its better-for-you-smoothies and food with a tropical twist, today announced continued record-setting results for Q3 with same store sales of +19.5 percent, and year-to-date same store sales of +3.4 percent.. . . more
Tropical Smoothie Cafe, the franchisor of a leading national fast-casual concept known for its better-for-you-smoothies and food with a tropical twist, today announced continued record-setting results for Q3 with same store sales of +19.5 percent, and year-to-date same store sales of +3.4 percent.. . . more
Holiday sales growth won't reach 2% this year, CBRE says
Retail Dive
As the pandemic's challenges continue, retailers will see modest sales growth of less than 2% year over year this holiday season, compared to 4.1% growth on average over the last decade, according to commercial real estate firm CBRE.. . . more
As the pandemic's challenges continue, retailers will see modest sales growth of less than 2% year over year this holiday season, compared to 4.1% growth on average over the last decade, according to commercial real estate firm CBRE.. . . more
Winn-Dixie opening four stores in November, with more to come
CSA
Winn-Dixie is expanding its store footprint in its home state.. . . more
Winn-Dixie is expanding its store footprint in its home state.. . . more
City votes down plan; Connecticut’s biggest mall may close
CSA
This mall doesn’t have to die,” Centennial CEO Steven Levin told the Planning and Zoning Board of Milford, Conn. at a meeting last week.. . . more
This mall doesn’t have to die,” Centennial CEO Steven Levin told the Planning and Zoning Board of Milford, Conn. at a meeting last week.. . . more
Batteries Plus Soon to Power Up 10 New Stores with Ongoing Development
Plain Vanilla Shell
Batteries Plus, the nation's largest and fastest-growing battery, light bulb, key fob and repair franchise, has announced five new signed franchise agreements, resulting in 10 new stores in development.. . . more
Batteries Plus, the nation's largest and fastest-growing battery, light bulb, key fob and repair franchise, has announced five new signed franchise agreements, resulting in 10 new stores in development.. . . more
Friday, October 9, 2020
Dollar General launches 'Popshelf,' a new concept store aimed at suburban women
Retail Dive
Dollar General is launching a new concept, dubbed "Popshelf," focused on seasonal, home decor and beauty products, as well as cleaning supplies and party goods. . . . more
Department stores' decade of decline
Retail Dive
The heyday is over. The question for department stores now is whether there will be a new day.. . . more
The heyday is over. The question for department stores now is whether there will be a new day.. . . more
Levi's expands Red Tab sales to 500 Target stores
CSA
Levi's this week said it is expanding sales of its premium Red Tab merchandise to 500 Target stores by the end of next year and has also returned its budget Denizen line to the mass merchant's racks. The Red Tab effort debuted a little over a year ago in about 50 Target stores.. . . more
Levi's this week said it is expanding sales of its premium Red Tab merchandise to 500 Target stores by the end of next year and has also returned its budget Denizen line to the mass merchant's racks. The Red Tab effort debuted a little over a year ago in about 50 Target stores.. . . more
Costco posts strong monthly sales — again
CSA
Costco Wholesale Corp.’s pandemic sales surge continued in September amid skyrocketing e-commerce growth.. . . more
Costco Wholesale Corp.’s pandemic sales surge continued in September amid skyrocketing e-commerce growth.. . . more
Target in holiday partnership with FAO Schwarz; will open NYC pop-up
CSA
Target Corp.’s holiday plans include its largest top toys list ever and a link-up with the country’s most iconic toy retailer.. . . more
Target Corp.’s holiday plans include its largest top toys list ever and a link-up with the country’s most iconic toy retailer.. . . more
Williams-Sonoma making some in-store changes for the holidays
CSA
Williams-Sonoma will be offering some new services this holiday season as it looks to protect the health and safety of its store employees and customers.. . . more
Williams-Sonoma will be offering some new services this holiday season as it looks to protect the health and safety of its store employees and customers.. . . more
Kroger puts a different spin on ‘ghost kitchens’ by opening two inside its stores
CSA
The Kroger Co. is diving deeper into on-demand delivery via in-store “ghost kitchens.” . . . more
Thursday, October 8, 2020
Showcase Cinemas Site Sale Pending: Amazon Mentioned as Possible Tenant
Revere Journal
An agreement has been reached between National Amusements, Inc. (NAI), owner of the Showcase Cinemas de Lux site in Revere, and Northbridge Partners, a Massachusetts based developer and investment firm, for the sale of the property whose connection to a movie-related business dates all the way back to 1948 when the former Revere Drive-In opened.. . . more
An agreement has been reached between National Amusements, Inc. (NAI), owner of the Showcase Cinemas de Lux site in Revere, and Northbridge Partners, a Massachusetts based developer and investment firm, for the sale of the property whose connection to a movie-related business dates all the way back to 1948 when the former Revere Drive-In opened.. . . more
Gen Z spending hits all-time low
Retail Dive
Self-reported teen spending has fallen 9% year over year and 5% since this past spring, to $2,150. . . . more
H&M integrates virtual assistant, live chat with Google services
CSA
In partnership with Nuance Communications, H&M is making its virtual assistant and live chat agents available via Google services like Google Maps and Google Search, Nuance announced on Tuesday.. . . more
In partnership with Nuance Communications, H&M is making its virtual assistant and live chat agents available via Google services like Google Maps and Google Search, Nuance announced on Tuesday.. . . more
Shoppers adjusting behaviors to avoid public restrooms
CSA
Restroom cleanliness is more important than for stores and restaurants.. . . more
Restroom cleanliness is more important than for stores and restaurants.. . . more
Wingstop is Approaching 1,500 Locations Across the Globe
Plain Vanilla Shell
Wingstop, seemingly unfazed by the COVID pandemic, reported preliminary U.S. same-store sales growth of 25.4 percent in Q3 and 43 net openings systemwide.. . . more
Shopkick: Halloween lives on with in-store shopping, trick-or-treating
CSA
This year’s Halloween festivities appear similar to years’ past — from trick-or-treating to shopping in stores —despite the pandemic.. . . more
This year’s Halloween festivities appear similar to years’ past — from trick-or-treating to shopping in stores —despite the pandemic.. . . more
Rite Aid to acquire Bartell Drugs for $95 million
CSA
Rite Aid is growing its presence in the greater Seattle area.. . . more
Rite Aid is growing its presence in the greater Seattle area.. . . more
Wednesday, October 7, 2020
17 retailers that could go bankrupt as the COVID-19 era wears on
Retail Dive
Retail bankruptcies may hit a painful high-water mark in 2020. Multiple analysts have noted filings are likely to reach their highest number in a decade. Some weeks during the summer brought multiple filings by major names in the industry. . . . more
Retail bankruptcies may hit a painful high-water mark in 2020. Multiple analysts have noted filings are likely to reach their highest number in a decade. Some weeks during the summer brought multiple filings by major names in the industry. . . . more
Department stores' decade of decline
Retail Dive
The heyday is over. The question for department stores now is whether there will be a new day.. . . more
The heyday is over. The question for department stores now is whether there will be a new day.. . . more
Blue Nile to Open 50 New Showrooms
Plain Vanilla Shell
At a time when many retailers are downsizing in the wake of COVID-19, Blue Nile is taking the road less traveled and plotting its expansion.. . . more
At a time when many retailers are downsizing in the wake of COVID-19, Blue Nile is taking the road less traveled and plotting its expansion.. . . more
Why a new digital edition of PlayStation 5 could change GameStop as we know it
CNN Business
Founded in 1984, GameStop is one of the oldest cornerstones of video game retail. But in 2020, it's facing big risks as the industry increasingly turns to digital.. . . more
Founded in 1984, GameStop is one of the oldest cornerstones of video game retail. But in 2020, it's facing big risks as the industry increasingly turns to digital.. . . more
Ruby Tuesday files for bankruptcy
WCVB
Casual dining chain Ruby Tuesday has filed for bankruptcy, overcome by the financial pressures brought on by the pandemic.. . . more
Casual dining chain Ruby Tuesday has filed for bankruptcy, overcome by the financial pressures brought on by the pandemic.. . . more
Ghosts, ghouls and social distancing: A fractured Halloween haunts Party City
Retail Dive
Halloween was a horror show for Party City last year. . . . more
Halloween was a horror show for Party City last year. . . . more
True Religion Apparel to exit bankruptcy
CSA
True Religion Apparel Inc. has gotten the green light for a reorganization plan that keeps more than half of its stores open.. . . more
True Religion Apparel Inc. has gotten the green light for a reorganization plan that keeps more than half of its stores open.. . . more
Tuesday, October 6, 2020
Macy's shoppers can buy now, pay later
CSA
Macy's is providing the ability to pay in four equal, interest-free installments at online checkout.. . . more
Macy's is providing the ability to pay in four equal, interest-free installments at online checkout.. . . more
Kroger, Ulta Beauty among participants in new retail holiday
CSA
U.S. retailers, brands, technology vendors, and other companies are preparing for the inaugural 10.10 Shopping Festival.. . . more
S&P Global Ratings sees slow recovery ahead for Neiman Marcus
Retail Dive
While Neiman Marcus Group has exited bankruptcy with lower funded debt, it nevertheless "faces a challenging path to recovery from the ongoing secular pressures that the COVID-19 pandemic has amplified," S&P Global Ratings analysts said Thursday.. . . more
While Neiman Marcus Group has exited bankruptcy with lower funded debt, it nevertheless "faces a challenging path to recovery from the ongoing secular pressures that the COVID-19 pandemic has amplified," S&P Global Ratings analysts said Thursday.. . . more
Done Deal: New York & Company sold
CSA
New York & Company has begun a new chapter under new owners —as a digital-only company.. . . more
New York & Company has begun a new chapter under new owners —as a digital-only company.. . . more
Monday, October 5, 2020
Express threatened with delisting
CSA
Express, its share price falling, is at risk of being delisted from the New York Stock Exchange. . . . more
Express, its share price falling, is at risk of being delisted from the New York Stock Exchange. . . . more
Study: 11% of U.S. shoppers have signed up for Walmart+
Retail Dive
Eleven percent of Americans subscribed to the new Walmart+ service within the first two weeks of its launch, according to new survey findings from research platform Piplsay.. . . more
Eleven percent of Americans subscribed to the new Walmart+ service within the first two weeks of its launch, according to new survey findings from research platform Piplsay.. . . more
Regal Cinemas to shut down all U.S. theaters temporarily as coronavirus pandemic rages
NY Daily News
The curtain is going down at Regal Cinemas — again. . . . more
The curtain is going down at Regal Cinemas — again. . . . more
Friday, October 2, 2020
David’s Bridal lets shoppers say yes to the dress – at home
CSA
The nation’s largest bridal retailer is bringing inventory directly to customers via augmented reality (AR).. . . more
The nation’s largest bridal retailer is bringing inventory directly to customers via augmented reality (AR).. . . more
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