New York & Company is getting a new owner but it’s not Sunrise Brands.. . . more
Monday, August 31, 2020
J.C. Penney expands curbside pickup
CSA
The struggling department store retailer is bringing its “Style on the go” omnichannel shopping program
to more stores.. . . more
Friday, August 28, 2020
How Sephora prepped for an e-commerce onslaught
Retail Dive
Sephora has an annual sale event in the spring. Loyal shoppers plan their hauls, and brands sold by the retailer promote it like Amazon's Prime Day or Nordstrom's Anniversary Sale. But this year, the sale had a significance in ways brands and shoppers may never know.. . . more
Sephora has an annual sale event in the spring. Loyal shoppers plan their hauls, and brands sold by the retailer promote it like Amazon's Prime Day or Nordstrom's Anniversary Sale. But this year, the sale had a significance in ways brands and shoppers may never know.. . . more
Tiffany swings back to profit in Q2
Retail Dive
Tiffany & Co. on Thursday reported that second quarter net sales fell 29% to $747 million as comparable sales declined 24%. E-commerce grew 123%, and for the first half of the year was about 15% of total global net sales, versus 6% in each of the last three fiscal years.. . . more
Tiffany & Co. on Thursday reported that second quarter net sales fell 29% to $747 million as comparable sales declined 24%. E-commerce grew 123%, and for the first half of the year was about 15% of total global net sales, versus 6% in each of the last three fiscal years.. . . more
Thursday, August 27, 2020
Hobby Lobby Expands Footprint with Three New Stores in Florida
Plain Vanilla Shell
Hobby Lobby is in the midst of expanding its Florida footprint with three new 55,000-square-foot stores. . . . more
Hobby Lobby is in the midst of expanding its Florida footprint with three new 55,000-square-foot stores. . . . more
Michaels creates new bulk buying program for SMBs
CSA
The Michaels Companies Inc. is targeting small-to-mid-sized businesses (SMBs) and entrepreneurs with a tailored assortment and shopping services.. . . more
The Michaels Companies Inc. is targeting small-to-mid-sized businesses (SMBs) and entrepreneurs with a tailored assortment and shopping services.. . . more
First Look: Foot Locker expands ‘power’ store format
CSA
Foot Locker has brought its customer- and community-centric “power” format to the West Coast. . . . more
Foot Locker has brought its customer- and community-centric “power” format to the West Coast. . . . more
Bed Bath & Beyond cuts 2,800 jobs in reorg
CSA
Bed Bath & Beyond Inc. is eliminating 2,800 jobs across its stores and headquarters in its ongoing effort to cut costs and streamline operations as it focuses on online sales.. . . more
Bed Bath & Beyond Inc. is eliminating 2,800 jobs across its stores and headquarters in its ongoing effort to cut costs and streamline operations as it focuses on online sales.. . . more
Dick’s Sporting Goods plays hard in Q2 with highest-ever sales, earnings
CSA
Dick’s Sporting Goods reported soaring second-quarter earnings and sales, with a nearly 200% increase in online revenue, as more consumers bought its goods to stay active during the pandemic. Its results crushed Street estimates. . . . more
Dick’s Sporting Goods reported soaring second-quarter earnings and sales, with a nearly 200% increase in online revenue, as more consumers bought its goods to stay active during the pandemic. Its results crushed Street estimates. . . . more
Wednesday, August 26, 2020
BJ's Wholesale notches 300% digital growth
Retail Dive
On Friday, BJ's Wholesale Club rolled out its contactless curbside pickup service to all of its stores and announced the expansion of its buy online, pick up in-store offering to include fresh and frozen grocery goods at select stores, according to a company press release. That service will be available at the rest of the retailer's locations by the end of October.. . . more
On Friday, BJ's Wholesale Club rolled out its contactless curbside pickup service to all of its stores and announced the expansion of its buy online, pick up in-store offering to include fresh and frozen grocery goods at select stores, according to a company press release. That service will be available at the rest of the retailer's locations by the end of October.. . . more
Estée Lauder will close up to 15% of its stores, exit some department stores
Retail Dive
Estée Lauder on Thursday announced a two-year post-pandemic "Business Acceleration Program" in conjunction with its fourth quarter earnings, which includes reducing its physical footprint and shifting priorities online.. . . more
Estée Lauder on Thursday announced a two-year post-pandemic "Business Acceleration Program" in conjunction with its fourth quarter earnings, which includes reducing its physical footprint and shifting priorities online.. . . more
The Vitamin Shoppe boosts online delivery capability
CSA
A leading specialty health-and-wellness retailer now offers same-day delivery in partnership with Instacart.. . . more
A leading specialty health-and-wellness retailer now offers same-day delivery in partnership with Instacart.. . . more
Retail bankruptcies subside, but will return with a vengeance in Q1 2021
CSA
Retailers whose businesses have been devastated by the pandemic but who have enough cash on hand to remain in operation through the holidays will do so.. . . more
Retailers whose businesses have been devastated by the pandemic but who have enough cash on hand to remain in operation through the holidays will do so.. . . more
Best Buy reports strong Q2 as online sales jump 242%; sounds cautious note
CSA
Best Buy Co. reported strong second-quarter earnings and sales, fueled by its largest online sales gain to date and better-than-expected store sales.. . . more
Tuesday, August 25, 2020
CBL plans to file for bankruptcy by October after deal with lenders
Retail Dive
CBL Properties has made a restructuring deal with a majority of bondholders that calls for a Chapter 11 bankruptcy filing on Oct. 1, according to a press release.. . . more
CBL Properties has made a restructuring deal with a majority of bondholders that calls for a Chapter 11 bankruptcy filing on Oct. 1, according to a press release.. . . more
A look back at the long history of Lord & Taylor
Retail Dive
With Lord & Taylor adrift once again, in search of a buyer that might be willing to turn back years of neglect, it's easy to forget that the department store was a cutting edge retailer for well more than a century.. . . more
With Lord & Taylor adrift once again, in search of a buyer that might be willing to turn back years of neglect, it's easy to forget that the department store was a cutting edge retailer for well more than a century.. . . more
Mall of America misses another mortgage payment, enters forbearance agreement
CSA
After having missed three mortgage payments, Mall of America’s collateral value has slipped from $2.3 billion to $1.9 billion, and it has entered into a forbearance agreement that would provide it with enough
cash to avoid foreclosure, according to a report in the Minneapolis StarTribune.. . . more
After having missed three mortgage payments, Mall of America’s collateral value has slipped from $2.3 billion to $1.9 billion, and it has entered into a forbearance agreement that would provide it with enough
cash to avoid foreclosure, according to a report in the Minneapolis StarTribune.. . . more
Slate Retail REIT changes its name
CSA
To make it absolutely plain that its business is 100% based on grocery-anchored shopping centers, the Slate Retail REIT has changed its name to Slate Grocery REIT.. . . more
To make it absolutely plain that its business is 100% based on grocery-anchored shopping centers, the Slate Retail REIT has changed its name to Slate Grocery REIT.. . . more
Web strategist: Walmart is far ahead of Amazon in the last mile
CSA
Not too many years ago, Walmart’s e-commerce operations were largely overshadowed by Amazon. No more, according to a web optimization consultant who specializes in retail and financial services clients.. . . more
Not too many years ago, Walmart’s e-commerce operations were largely overshadowed by Amazon. No more, according to a web optimization consultant who specializes in retail and financial services clients.. . . more
Parent company of Kings Food Market, Balducci's files for bankruptcy
CSA
A private-equity company has made a move to acquire two New York metro area upscale grocers.. . . more
A private-equity company has made a move to acquire two New York metro area upscale grocers.. . . more
Monday, August 24, 2020
Brothers-in-Law Open Their First MOOYAH Burgers, Fries & Shakes in Guilford, Connecticut
Restaurant News
Brother-in-law business partners Nesh and Kal Patel are opening their first MOOYAH Burgers, Fries & Shakes, a fast casual, “better burger” franchise featuring an updated store design, in the charming town of Guilford, Conn. on August 24th. The duo first tried MOOYAH at the Storrs, Conn. location and were so impressed by the product and experience that they wanted to open a MOOYAH restaurant of their own. The restaurant is located in the Guilford Commons at 1919 Boston Post Rd.. . . more
Brother-in-law business partners Nesh and Kal Patel are opening their first MOOYAH Burgers, Fries & Shakes, a fast casual, “better burger” franchise featuring an updated store design, in the charming town of Guilford, Conn. on August 24th. The duo first tried MOOYAH at the Storrs, Conn. location and were so impressed by the product and experience that they wanted to open a MOOYAH restaurant of their own. The restaurant is located in the Guilford Commons at 1919 Boston Post Rd.. . . more
GetUpside Launches in Nine New Markets
CStore Decisions
The company enables customers to get cash back on gas while businesses earn more profit.. . . more
The company enables customers to get cash back on gas while businesses earn more profit.. . . more
L Brands warns that the holidays could be tough this year
Retail Dive
With most stores reopened after closing due to the pandemic, Victoria's Secret weighed down L Brands in the second quarter, when net sales fell 20% to $2.3 billion. Bath & Body Works sales rose 13%, thanks to 191% growth in e-commerce, with sales at company-owned stores in the U.S. and Canada falling 23%. Victoria's Secret sales fell 39%, with sales at the company-owned stores falling 70% and e-commerce up 65%.. . . more
With most stores reopened after closing due to the pandemic, Victoria's Secret weighed down L Brands in the second quarter, when net sales fell 20% to $2.3 billion. Bath & Body Works sales rose 13%, thanks to 191% growth in e-commerce, with sales at company-owned stores in the U.S. and Canada falling 23%. Victoria's Secret sales fell 39%, with sales at the company-owned stores falling 70% and e-commerce up 65%.. . . more
Sally Beauty, CosmoProf launch accelerator for women-owned brands
Retail Dive
Sally Beauty and CosmoProf debuted the second iteration of Cultivate, an accelerator for women-owned brands looking to expand their nail, hair color and hair care ventures. The program is accepting applications until Sept. 7.. . . more
Sally Beauty and CosmoProf debuted the second iteration of Cultivate, an accelerator for women-owned brands looking to expand their nail, hair color and hair care ventures. The program is accepting applications until Sept. 7.. . . more
Giant Food Powers Through Pandemic to Open New Store
Plain Vanilla Shell
After a several-month delay related to the COVID-19 pandemic, Giant Food opened a new 53,000-square-foot store in the Washington, D.C., suburb of Fairfax, Virginia, that reflects the company’s latest merchandising approach and foodservice modifications.. . . more
After a several-month delay related to the COVID-19 pandemic, Giant Food opened a new 53,000-square-foot store in the Washington, D.C., suburb of Fairfax, Virginia, that reflects the company’s latest merchandising approach and foodservice modifications.. . . more
Friday, August 21, 2020
Target adds fresh, frozen grocery items to pick-up at most stores
CSA
Target has expanded the availability of fresh and frozen grocery items for in-store and online pickup.. . . more
Target has expanded the availability of fresh and frozen grocery items for in-store and online pickup.. . . more
Taco Bell Continues to Redefine the QSR Experience and Announces Plans for New Restaurant Concept
Restaurant News
Taco Bell, a brand that prides itself in evolving to deliver on changing consumer behavior, is at it again. As seen in its recent menu evolution and digital rehaul, the brand has continued to redefine itself across all consumer touchpoints.. . . more
Taco Bell, a brand that prides itself in evolving to deliver on changing consumer behavior, is at it again. As seen in its recent menu evolution and digital rehaul, the brand has continued to redefine itself across all consumer touchpoints.. . . more
The strategy behind turning department stores into warehouses
Retail Dive
Fulfillment for e-commerce requires three times the warehousing space of traditional brick-and-mortar store inventory, given the greater variety of SKUs and space-intensive shipping and parcel operations. With e-commerce growing in the pandemic, supply chain players are scooping up space where they can find it, especially if it's close to areas with high population density.. . . more
Fulfillment for e-commerce requires three times the warehousing space of traditional brick-and-mortar store inventory, given the greater variety of SKUs and space-intensive shipping and parcel operations. With e-commerce growing in the pandemic, supply chain players are scooping up space where they can find it, especially if it's close to areas with high population density.. . . more
Barnes & Noble wants to be a great bookseller again
Retail Dive
When U.K. bookseller James Daunt took over as CEO of Barnes & Noble a year ago, after a sale that landed it in private hands, he faced the formidable challenge of rescuing the chain from troubles largely of its own making, in the shadow of Amazon's prowess in the segment.. . . more
When U.K. bookseller James Daunt took over as CEO of Barnes & Noble a year ago, after a sale that landed it in private hands, he faced the formidable challenge of rescuing the chain from troubles largely of its own making, in the shadow of Amazon's prowess in the segment.. . . more
Modell's brand sold to owner of Dressbarn, Pier 1 IP
Retail Dive
The Modell's Sporting Goods brand sold last week to Retail Ecommerce Ventures (REV), which bought the the Dressbarn brand in 2019 and the Pier 1 brand out of bankruptcy this year.. . . more
The Modell's Sporting Goods brand sold last week to Retail Ecommerce Ventures (REV), which bought the the Dressbarn brand in 2019 and the Pier 1 brand out of bankruptcy this year.. . . more
Love’s Travel Stops keeps expanding
CSA
Love’s Travel Stops has opened its largest location to date.. . . more
Love’s Travel Stops has opened its largest location to date.. . . more
Lord & Taylor still looking for new owner; closing more stores
CSA
The country’s oldest department store retailer is still looking for a white knight even as more of its stores are going dark.. . . more
The country’s oldest department store retailer is still looking for a white knight even as more of its stores are going dark.. . . more
Thursday, August 20, 2020
Lowe’s in blow-out quarter with earnings near $3B mark
CSA
Lowe’s Companies saw its second-quarter U.S. same-store sales rise 35.1% as consumer spending on home projects continues to surge amid the pandemic.. . . more
Lowe’s Companies saw its second-quarter U.S. same-store sales rise 35.1% as consumer spending on home projects continues to surge amid the pandemic.. . . more
Krispy Kreme sets opening date for Times Square flagship
CSA
Krispy Kreme is about to open up for business in Times Square — 24 hours a day, seven days a week.. . . more
Krispy Kreme is about to open up for business in Times Square — 24 hours a day, seven days a week.. . . more
Men’s Wearhouse, Jos. A. Bank retailers launch BOPIS
CSA
Two store banners of Tailored Brands are introducing free buy-online-pickup-in-store (BOPIS) programs.. . . more
Two store banners of Tailored Brands are introducing free buy-online-pickup-in-store (BOPIS) programs.. . . more
TJX posts Q2 loss; sales fall amid store closures, inventory challenges
CSA
TJX Cos. swung to a second-quarter loss as its store fleet remained dark for nearly a third of the period due to the pandemic. But it ended the quarter with $6.6 billion cash on hand. . . . more
TJX Cos. swung to a second-quarter loss as its store fleet remained dark for nearly a third of the period due to the pandemic. But it ended the quarter with $6.6 billion cash on hand. . . . more
CBL initiates Chapter 11 restructuring and plans to 'continue as normal'
CSA
CBL Properties, one of the nation’s largest owners of enclosed malls in secondary markets, will file for Chapter 11 bankruptcy protection in concert with a pre-made restructuring agreement with its lenders that will keep all of its 108 properties open and operating. . . more
CBL Properties, one of the nation’s largest owners of enclosed malls in secondary markets, will file for Chapter 11 bankruptcy protection in concert with a pre-made restructuring agreement with its lenders that will keep all of its 108 properties open and operating. . . more
Target profits soar 80%, comp-sales jump 24.3% in record-setting quarter
CSA
Target Corp. crushed all estimates for its second quarter as it posted skyrocketing profits and the strongest quarterly same-store sales growth in its history amid strong digital and store growth.. . . more
Target Corp. crushed all estimates for its second quarter as it posted skyrocketing profits and the strongest quarterly same-store sales growth in its history amid strong digital and store growth.. . . more
Wednesday, August 19, 2020
Trader Joe’s Tackles New Markets
Plain Vanilla Shell
When a community learns Trader Joe’s is coming to town, the excitement is palpable, with local headlines exclaiming, “Finally”and “It’s Official.” Often the fervor begins even before the deal is inked.. . . more
When a community learns Trader Joe’s is coming to town, the excitement is palpable, with local headlines exclaiming, “Finally”and “It’s Official.” Often the fervor begins even before the deal is inked.. . . more
Whole Foods Embarks on Expansion in Multiple Markets
Plain Vanilla Shell
Some major R-E-S-P-E-C-T is in order as organic and natural retail behemoth Whole Foods Market is rolling out multiple new stores in competitive markets across the country.. . . more
Some major R-E-S-P-E-C-T is in order as organic and natural retail behemoth Whole Foods Market is rolling out multiple new stores in competitive markets across the country.. . . more
Fossil reports 'triple-digit' e-commerce growth
Retail Dive
For Fossil, digital sales through its e-commerce site and third-party sellers like Amazon and Tmall shifted from 13% of the company's sales mix in the second quarter of last year to almost half this year, the company noted in a recent quarterly earnings call.. . . more
For Fossil, digital sales through its e-commerce site and third-party sellers like Amazon and Tmall shifted from 13% of the company's sales mix in the second quarter of last year to almost half this year, the company noted in a recent quarterly earnings call.. . . more
J. Jill, Destination XL added to S&P's most vulnerable retailers list
Retail Dive
S&P Global Market Intelligence added J. Jill and Destination XL to its list of most vulnerable publicly traded retailers.. . . more
S&P Global Market Intelligence added J. Jill and Destination XL to its list of most vulnerable publicly traded retailers.. . . more
Kohl’s Q2 profit plunges but beat estimates; planning ‘conservatively’
CSA
Kohl’s Corp. reported better-than-expected second-quarter results but offered a sobering assessment of the months ahead.. . . more
Kohl’s Corp. reported better-than-expected second-quarter results but offered a sobering assessment of the months ahead.. . . more
Revitalized Payless to open 300 to 500 stores during next five years
CSA
Payless is back in business in North America — with a modified name and big store expansion plans.. . . more
Payless is back in business in North America — with a modified name and big store expansion plans.. . . more
Tuesday, August 18, 2020
Circle K AI Pilot ‘Should be a Wake-Up Call’ for Convenience Retailers
C-Store Decisions
Alimentation Couche-Tard recently announced that it’s piloting touchless, autonomous checkout at Circle K via Standard Cognition technology, starting in the Phoenix, Ariz., area, with more stores to follow.. . . more
Alimentation Couche-Tard recently announced that it’s piloting touchless, autonomous checkout at Circle K via Standard Cognition technology, starting in the Phoenix, Ariz., area, with more stores to follow.. . . more
When the mall owns the retailer
Retail Dive
Bankruptcy court has emerged as a shopping mecca of sorts for Sparc Group, which, after successfully bidding on a series of retailers in Chapter 11, is now the "operating partner" for Aeropostale, Forever 21, Lucky Brand and Brooks Brothers, and is a rumored suitor of J.C. Penney. The venture says it supports "over $2.7 billion in global retail sales annually.". . . more
Bankruptcy court has emerged as a shopping mecca of sorts for Sparc Group, which, after successfully bidding on a series of retailers in Chapter 11, is now the "operating partner" for Aeropostale, Forever 21, Lucky Brand and Brooks Brothers, and is a rumored suitor of J.C. Penney. The venture says it supports "over $2.7 billion in global retail sales annually.". . . more
Giant fast-food franchisee closing up to 300 Pizza Hut locations
CSA
Three hundred Pizza Huts are going dark and 927 other locations are going on the selling block.. . . more
Three hundred Pizza Huts are going dark and 927 other locations are going on the selling block.. . . more
Modell’s Sporting Goods’ assets acquired; to live online
CSA
A company that is making a name for itself by buying up the intellectual assets of bankrupt retail brands has struck again.. . . more
A company that is making a name for itself by buying up the intellectual assets of bankrupt retail brands has struck again.. . . more
Monday, August 17, 2020
Sur La Table sells for nearly $90M in bankruptcy
Retail Dive
A joint venture by Marquee Brands and CSC Generation bought Sur La Table out of bankruptcy this week for $88.9 million, according to court documents.. . . more
Can Neiman Marcus finally leave its baggage behind after bankruptcy?
Retail Dive
The story of Neiman Marcus and MyTheresa follows broader storylines in the retail industry.. . . more
The story of Neiman Marcus and MyTheresa follows broader storylines in the retail industry.. . . more
Panera bakes up new on-demand delivery option
CSA
Panera Bread is introducing a new contactless delivery service in partnership with Postmates.. . . more
Panera Bread is introducing a new contactless delivery service in partnership with Postmates.. . . more
AMC to re-open 100 theaters with 1920’s ticket prices of 15 cents
CSA
COVID-19 has been especially tough on the movie business. Sell-out crowds and social distancing don’t mix. Regal Cinemas and CMX both have filed for bankruptcy, and AMC was on the edge of filing for Chapter 11 protection.. . . more
COVID-19 has been especially tough on the movie business. Sell-out crowds and social distancing don’t mix. Regal Cinemas and CMX both have filed for bankruptcy, and AMC was on the edge of filing for Chapter 11 protection.. . . more
Done Deal: Simon – Authentic Brands buy another retail brand
CSA
The retail portfolio of the joint venture between Simon Property Group and brand management company Authentic Brands keeps expanding.. . . more
The retail portfolio of the joint venture between Simon Property Group and brand management company Authentic Brands keeps expanding.. . . more
Walmart joins other retailers in extending store hours
CSA
After reducing its store hours amid the pandemic, Walmart will join other retailers who are starting to keep their stores open later.. . . more
After reducing its store hours amid the pandemic, Walmart will join other retailers who are starting to keep their stores open later.. . . more
Thursday, August 13, 2020
FAT Brands announces plan to acquire Johnny Rockets for $25 million
Nation's Restaurant News
FAT Brands — global franchising company and owner of Fatburger, Hurricane Grill & Wings and Ponderosa and Bonanza Steakhouses — announced its intention to acquire Los Angeles-based burger chain Johnny Rockets from private equity firm Sun Capital Partners Inc. for approximately $25 million. The deal, which is expected to go though in September will bring the total number of FAT Brands franchised and company-owned restaurants to 700 internationally, with annual sales of $700 million.. . . more
FAT Brands — global franchising company and owner of Fatburger, Hurricane Grill & Wings and Ponderosa and Bonanza Steakhouses — announced its intention to acquire Los Angeles-based burger chain Johnny Rockets from private equity firm Sun Capital Partners Inc. for approximately $25 million. The deal, which is expected to go though in September will bring the total number of FAT Brands franchised and company-owned restaurants to 700 internationally, with annual sales of $700 million.. . . more
Is the Coronavirus Hurting Brand Loyalty?
Footwear News
Over the past few months, the coronavirus pandemic has not only changed shopping habits (think: spending on household goods over nonessential items), but also reshaped consumers’ perception of brands.. . . more
Over the past few months, the coronavirus pandemic has not only changed shopping habits (think: spending on household goods over nonessential items), but also reshaped consumers’ perception of brands.. . . more
Office Depot, CompuCom to offer tech tools, hardware for small businesses
Retail Dive
Office Depot and CompuCom, both subsidiaries of the ODP Corporation, have teamed up to provide a suite of IT hardware and service offerings for small and mid-sized businesses to support their remote workplaces, the company announced on Monday. . . . more
Office Depot and CompuCom, both subsidiaries of the ODP Corporation, have teamed up to provide a suite of IT hardware and service offerings for small and mid-sized businesses to support their remote workplaces, the company announced on Monday. . . . more
Check out the first-ever Sour Patch Kids store
CSA
The Sour Patch Kids brand is celebrating its 35th anniversary with the opening of its first-ever permanent brick-and-mortar location. . . . more
The Sour Patch Kids brand is celebrating its 35th anniversary with the opening of its first-ever permanent brick-and-mortar location. . . . more
PREIT executes $30 million term loan following poor Q2
CSA
A day after reporting a 36% decrease of $18.6 million in the second quarter, mall owner PREIT announced it has executed a secured term loan for up to $30 million to shore up its liquidity as the COVID-19 pandemic draws on.. . . more
A day after reporting a 36% decrease of $18.6 million in the second quarter, mall owner PREIT announced it has executed a secured term loan for up to $30 million to shore up its liquidity as the COVID-19 pandemic draws on.. . . more
Wednesday, August 12, 2020
It's a terrible time to open a restaurant. Here's why some owners are pushing forward
CNN
Last summer, Adam Weisblatt signed a lease on a historic saloon in Pioneertown, California. Then the world changed.. . . more
Last summer, Adam Weisblatt signed a lease on a historic saloon in Pioneertown, California. Then the world changed.. . . more
Placer.ai: Macy’s, Penney, Dillard’s recoveries stall with pandemic resurgence
CSA
Recoveries in the department store sector have been stymied by a resurgence in COVID-19 cases leading to a reversal of the positive trends seen in May and June.. . . more
Recoveries in the department store sector have been stymied by a resurgence in COVID-19 cases leading to a reversal of the positive trends seen in May and June.. . . more
Jack in the Box contains data in the cloud
CSA
A fast-food hamburger retailer has migrated its on-premises data centers to Amazon’s Amazon Web Services (AWS) cloud infrastructure.. . . more
A fast-food hamburger retailer has migrated its on-premises data centers to Amazon’s Amazon Web Services (AWS) cloud infrastructure.. . . more
Saks Fifth Avenue lays off store operations employees
Retail Dive
Saks Fifth Avenue is laying off an unspecified number of store operations employees, as part of a strategy to streamline and evolve, a company spokesperson confirmed on Monday.. . . more
Saks Fifth Avenue is laying off an unspecified number of store operations employees, as part of a strategy to streamline and evolve, a company spokesperson confirmed on Monday.. . . more
J. Crew going dark on Election Day to encourage employees to vote
CSA
J.Crew Group has joined Time to Vote, a non-partisan effort led by CEOs whose goal is to increase voter participation.. . . more
J.Crew Group has joined Time to Vote, a non-partisan effort led by CEOs whose goal is to increase voter participation.. . . more
Simon’s Q2 net operating income was 42% lower than in 2019
CSA
Impacted by the mandated closing of seven properties in California in July, Simon Property Group saw its net operating income drop to $254 million in the second quarter—42% less than the $437 million it took in during Q2 2019. . . . more
Impacted by the mandated closing of seven properties in California in July, Simon Property Group saw its net operating income drop to $254 million in the second quarter—42% less than the $437 million it took in during Q2 2019. . . . more
Tuesday, August 11, 2020
Macys, JCPenney and Dillard’s Already Hit Hard By COVID-19 Resurgence
Footwear News
The slow but steady traffic acceleration that brick-and-mortar retailers were starting to enjoy amid state re-openings is starting to flounder under the weight of rising COVID-19 cases in certain parts of the country.. . . more
The slow but steady traffic acceleration that brick-and-mortar retailers were starting to enjoy amid state re-openings is starting to flounder under the weight of rising COVID-19 cases in certain parts of the country.. . . more
Casper expands physical presence through tie-up with Sam's Club
Retail Dive
Casper announced it has formed partnerships with four furniture and mattress retailers across North America, including Sam's Club.. . . more
Casper announced it has formed partnerships with four furniture and mattress retailers across North America, including Sam's Club.. . . more
J. Crew nixes store closures after $130M in landlord concessions
Retail Dive
J. Crew Group on Monday said that it's received concessions from landlords of its namesake and Madewell stores, including one-time waivers and rent deferrals, adding up to about $70 million in savings this year and about $60 million next year, "assuming sales are in line with projections.". . . more
J. Crew Group on Monday said that it's received concessions from landlords of its namesake and Madewell stores, including one-time waivers and rent deferrals, adding up to about $70 million in savings this year and about $60 million next year, "assuming sales are in line with projections.". . . more
Monday, August 10, 2020
Can summer BOPIS practices forecast holiday trends?
Retail Dive
With COVID-19 uncertainty and the holidays ahead, retailers must refine their buy online, pick up in-store operations.. . . more
With COVID-19 uncertainty and the holidays ahead, retailers must refine their buy online, pick up in-store operations.. . . more
Kroger tests contactless payment
CSA
The Kroger Co. is piloting a variety of near-field communication (NFC)-enabled payment solutions in its QFC stores.. . . more
The Kroger Co. is piloting a variety of near-field communication (NFC)-enabled payment solutions in its QFC stores.. . . more
Why Foot Locker Shares Are Surging Double Digits Right Now
Footwear News
Shares of Foot Locker Inc. jumped as high as 23% in Monday premarket trading following the release of an unexpectedly upbeat forecast for its second-quarter profit and sales.. . . more
Shares of Foot Locker Inc. jumped as high as 23% in Monday premarket trading following the release of an unexpectedly upbeat forecast for its second-quarter profit and sales.. . . more
Retail profits won't rebound until 2022 at the earliest, Moody's says
Retail Dive
Moody's reduced its forecast for the retail industry as "performance takes a dive," according to an emailed report issued Thursday by the ratings agency.. . . more
Moody's reduced its forecast for the retail industry as "performance takes a dive," according to an emailed report issued Thursday by the ratings agency.. . . more
German grocery giant continues US expansion
Plain Vanilla Shell
Europe’s biggest discount grocery has opened a New jersey location as part of is expansion across the north east.. . . more
Europe’s biggest discount grocery has opened a New jersey location as part of is expansion across the north east.. . . more
Amazon reportedly eying former Sears, J.C. Penney stores as fulfillment centers
CSA
Amazon might be looking at giving a second life to some dark Sears and J.C. Penney stores.. . . more
Friday, August 7, 2020
J.Jill inches closer to bankruptcy as it extends forbearance — again
CSA
J.Jill received more breathing room on the day that its forbearance agreements were set to expire.. . . more
J.Jill received more breathing room on the day that its forbearance agreements were set to expire.. . . more
7-Eleven Pilots Fresh Baked Goods Program
CStore Decisions
7-Eleven is piloting a new fresh baked goods initiative where select stores in key markets will get new equipment that will allow them to produce an new line of baked goods in stores.. . . more
7-Eleven is piloting a new fresh baked goods initiative where select stores in key markets will get new equipment that will allow them to produce an new line of baked goods in stores.. . . more
What JCPenney Is Doing Differently This Back-to-School Season
Footwear News
JCPenney’s back-to-school shopping season is going to look different this year.. . . more
JCPenney’s back-to-school shopping season is going to look different this year.. . . more
Costco’s July sales rise 14.1%
CSA
Costco Wholesale Corp.’s robust e-commerce growth helped fuel strong comparable sales in July.. . . more
Costco Wholesale Corp.’s robust e-commerce growth helped fuel strong comparable sales in July.. . . more
80% of national brand tenants paid their rents in July
CSA
While states use case counts to measure the tenure of the COVID-19 pandemic, landlords use rent checks--and they got lots more of them last month.. . . more
While states use case counts to measure the tenure of the COVID-19 pandemic, landlords use rent checks--and they got lots more of them last month.. . . more
Thursday, August 6, 2020
DoorDash Launches ‘DashMart’ Convenience Stores
CStore Decisions
DoorDash announced the launch of DashMart stores nationwide, which the company calls “a new type of convenience store,” owned, operated and curated by DoorDash.. . . more
DoorDash announced the launch of DashMart stores nationwide, which the company calls “a new type of convenience store,” owned, operated and curated by DoorDash.. . . more
Macy's enlists influencers for its 'Style Crew'
Retail Dive
Macy's is opening its Style Crew ambassador program up to beauty and fashion enthusiasts. The initiative, which the retailer launched in 2018, was previously only available to Macy's employees, according to a company statement emailed to Retail Dive. . . . more
Macy's is opening its Style Crew ambassador program up to beauty and fashion enthusiasts. The initiative, which the retailer launched in 2018, was previously only available to Macy's employees, according to a company statement emailed to Retail Dive. . . . more
Capri, Ralph Lauren quarterly results indicate widespread damage to apparel sales
Retail Dive
As apparel retailers buckle under intensified pressure brought on by the COVID-19 outbreak, several that cater to middle-income and budget-minded consumers have turned to bankruptcy and other restructuring measures. But quarterly results from Ralph Lauren and Capri in recent days demonstrate that clothing companies selling to higher-income customers aren't immune to its fallout, either.. . . more
As apparel retailers buckle under intensified pressure brought on by the COVID-19 outbreak, several that cater to middle-income and budget-minded consumers have turned to bankruptcy and other restructuring measures. But quarterly results from Ralph Lauren and Capri in recent days demonstrate that clothing companies selling to higher-income customers aren't immune to its fallout, either.. . . more
Walmart lifts curtain on parking lot drive-in movie program
CSA
Walmart will begin showing drive-in movies in the parking lots of select stores on Friday, Aug. 14 – with several special features.. . . more
Walmart will begin showing drive-in movies in the parking lots of select stores on Friday, Aug. 14 – with several special features.. . . more
Wednesday, August 5, 2020
Michaels adds new ways to earn rewards
CSA
The Michaels Companies Inc. is expanding its Michaels Rewards omnichannel loyalty program.. . . more
The Michaels Companies Inc. is expanding its Michaels Rewards omnichannel loyalty program.. . . more
Walmart teases drive-in surprise
CSA
A mysterious Walmart tweet suggests some type of product release will accompany its drive-in movie events in August.. . . more
A mysterious Walmart tweet suggests some type of product release will accompany its drive-in movie events in August.. . . more
Cracker Barrel Old Country Store Launches Simplified Menu
Restaurant News
Cracker Barrel Old Country Store® today announced the launch of a new, simplified dinner menu, the latest way the brand is offering guests what they have come to expect from Cracker Barrel – generous portions of high-quality, homestyle food offered at an everyday value.. . . more
Cracker Barrel Old Country Store® today announced the launch of a new, simplified dinner menu, the latest way the brand is offering guests what they have come to expect from Cracker Barrel – generous portions of high-quality, homestyle food offered at an everyday value.. . . more
Lord & Taylor to permanently close 19 stores
Retail Dive
Lord & Taylor, whose parent company filed for bankruptcy on Sunday, released plans to permanently close 19 locations, including six in New York State, three in Connecticut, two each in Maryland and Massachusetts, and one each in Florida, Illinois, Michigan, New Jersey, Pennsylvania and Virginia.. . . more
Bankrupt parent of New York & Company sells e-commerce businesses
CSA
New York & Company will continue to do business, if only online.. . . more
Sola Salon Studios Signs Eight Franchise Agreements To Open 22 New Locations Across The U.S.
Plain Vanilla Shell
Sola Salon Studios, the world's largest and fastest growing salon studios franchise, announced today the signing of multi-unit development agreements with eight franchise groups that will bring 22 new locations to key markets throughout the U.S. over the next several years, including Florida, New York, California, Michigan, Wisconsin and Nebraska. This surge in franchise development is fueled by Sola's recent growth, where it opened 16 new locations in North America in June and July, and reflects the brand's simple, yet compelling franchise opportunity. . . more
Sola Salon Studios, the world's largest and fastest growing salon studios franchise, announced today the signing of multi-unit development agreements with eight franchise groups that will bring 22 new locations to key markets throughout the U.S. over the next several years, including Florida, New York, California, Michigan, Wisconsin and Nebraska. This surge in franchise development is fueled by Sola's recent growth, where it opened 16 new locations in North America in June and July, and reflects the brand's simple, yet compelling franchise opportunity. . . more
Tuesday, August 4, 2020
Sour Patch Kids to open first-ever store
CSA
The Sour Patch Kids brand is celebrating its 35th anniversary with the opening of its first-ever brick-and-mortar location. . . . more
The Sour Patch Kids brand is celebrating its 35th anniversary with the opening of its first-ever brick-and-mortar location. . . . more
Grocery apps get smart during the pandemic
Retail Dive
Since March, the grocery industry has witnessed tens of millions of grocery app downloads, translating to well over 100% growth for major names like Instacart, Shipt and Walmart. The new demand calls for new features that will enrich the user experience and make grocery shopping quicker and more seamless than ever. . . . more
Since March, the grocery industry has witnessed tens of millions of grocery app downloads, translating to well over 100% growth for major names like Instacart, Shipt and Walmart. The new demand calls for new features that will enrich the user experience and make grocery shopping quicker and more seamless than ever. . . . more
These Men’s Wearhouse Stores Are Closing for Good
Footwear News
As owner Tailored Brands moves forward with bankruptcy proceedings, Men’s Wearhouse is set to permanently shut down dozens of stores across the country.. . . more
As owner Tailored Brands moves forward with bankruptcy proceedings, Men’s Wearhouse is set to permanently shut down dozens of stores across the country.. . . more
Chico's declares bankruptcy in Canada
Retail Dive
Chico's FAS Canada on Thursday filed for bankruptcy with the Ontario, Canada, office of the Superintendent in Bankruptcy, according to a filing with the U.S. Securities and Exchange Commission.. . . more
Chico's FAS Canada on Thursday filed for bankruptcy with the Ontario, Canada, office of the Superintendent in Bankruptcy, according to a filing with the U.S. Securities and Exchange Commission.. . . more
Publix sales soar amid pandemic; stock price jumps
CSA
Publix’s sales in the first half of the year increased an estimated $2.5 billion due to the impact of the COVID-19 pandemic.. . . more
Publix’s sales in the first half of the year increased an estimated $2.5 billion due to the impact of the COVID-19 pandemic.. . . more
Plunge in retail rents continue on Fifth Avenue and other luxury shopping sites
CSA
Average asking rents along 16 high-yield retail corridors in Manhattan were $688 per square foot during the quarter ending on June 30. This was the 11th consecutive quarter that recorded a fall in retail rent and marked the first time the figure has dropped below $700 since 2011.. . . more
Average asking rents along 16 high-yield retail corridors in Manhattan were $688 per square foot during the quarter ending on June 30. This was the 11th consecutive quarter that recorded a fall in retail rent and marked the first time the figure has dropped below $700 since 2011.. . . more
Monday, August 3, 2020
With sales down 87%, Pret a Manger is pulling out of the Boston and Chicago markets
Plain Vanilla Shell
With sales down 87%, Pret a Manger is pulling out of the Boston and Chicago markets as it takes “immediate steps” to stabilize its faltering business, the chain said in a statement. . . . more
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Lord & Taylor Is Bankrupt as Retail Rout Continues
Footwear News
Lord & Taylor is bankrupt. After months of speculation, the struggling department store chain as well as its parent company Le Tote today became the latest fashion players to file for Chapter 11 bankruptcy protection — in the U.S Bankruptcy Court in Richmond, Va. Bloomberg News first reported the move this evening.. . . more
CVS to offer Venmo, PayPal QR codes in stores
Retail Dive
CVS will now integrate PayPal and Venmo QR codes into its checkouts across its 8,200 stores nationwide, PayPal announced on Thursday. As part of PayPal's collaboration with payments tech company InComm, CVS customers can pay for their purchase without touching a touchpad or signing a receipt.. . . more
CVS will now integrate PayPal and Venmo QR codes into its checkouts across its 8,200 stores nationwide, PayPal announced on Thursday. As part of PayPal's collaboration with payments tech company InComm, CVS customers can pay for their purchase without touching a touchpad or signing a receipt.. . . more
The Top 10 COMEBACK Retail Center Experiences: No. 7 Assembly Row
CSA
When we visited this town-within-a-town on the outskirts of Boston as part our New England Top Stops tour last fall, one of the most memorable images we took home was a pack of kids crowded around the life-sized giraffe replica outside of Legoland. Now that 15-ft.-tall plastic ruminant sports a big black mask with a sunflowers on it.. . . more
When we visited this town-within-a-town on the outskirts of Boston as part our New England Top Stops tour last fall, one of the most memorable images we took home was a pack of kids crowded around the life-sized giraffe replica outside of Legoland. Now that 15-ft.-tall plastic ruminant sports a big black mask with a sunflowers on it.. . . more
Walmart cuts corporate jobs as it focuses on omnichannel push
Retail Dive
As Walmart looks to build out its omnichannel capabilities and centralize merchandising, it is restructuring parts of its corporate workforce.. . . more
As Walmart looks to build out its omnichannel capabilities and centralize merchandising, it is restructuring parts of its corporate workforce.. . . more
7-Eleven to Acquire Speedway
Plain Vanilla Shell
Marathon Petroleum Corp. has entered into a definitive agreement to sell its Speedway convenience-store chain to 7-Eleven Inc., a wholly owned, indirect subsidiary of Seven & i Holdings Co. Ltd., for $21 billion in cash. The transaction, which includes a 15-year fuel supply agreement, is expected to close in the first quarter of 2021, subject to customary closing conditions and regulatory approvals.. . . more
Marathon Petroleum Corp. has entered into a definitive agreement to sell its Speedway convenience-store chain to 7-Eleven Inc., a wholly owned, indirect subsidiary of Seven & i Holdings Co. Ltd., for $21 billion in cash. The transaction, which includes a 15-year fuel supply agreement, is expected to close in the first quarter of 2021, subject to customary closing conditions and regulatory approvals.. . . more
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