Thursday, October 29, 2020
'Death of an entity': 10 retailers that liquidated this year
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
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
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
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
CVS Health is expanding its commitment to COVID-19 testing.. . . more
Landlords, lenders file suits as retail property values fall as much as 75%
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
Wednesday, October 28, 2020
Panera Rolls into the Pizza Category with Launch of Three New Flatbread Pizzas
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
Rug merchant buys Stamford Town Center for $20.15 million
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
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
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
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
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
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
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
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
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
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
Verizon hears what customers are saying, with smart signs located in physical stores.. . . more
Five predictions for retail 2021
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
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
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
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
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
Consumers plan on buying fewer gifts and spending less this holiday season.. . . more
Retro Fitness Raises New Funding From Arena Capital Partners
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
With new private label, Kohl's stakes strategy on the athleisure boom
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
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
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
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
Southeastern Grocers is looking to join the public arena.. . . more
Lidl to install hospital grade air filters in all U.S. stores by yearend
Lidl US is upgrading its ventilation system to help stop the spread of COVID-19.. . . more
True Religion exits bankruptcy — again
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
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
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
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
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
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
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
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
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
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
Connecticut’s largest mall will live on, says owner
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
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
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
Friday, October 16, 2020
IHOP Expands Franchisee Portfolio With Addition of Sun Holdings, Inc.
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
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
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
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
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
In-store sales are up at convenience stores, but fuel sales continue to lag.. . . more
Ascena moves to sell Justice tween brand for $35M
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
Centric Brands has emerged from bankruptcy after filing for Chapter 11 in May. . . . more
Meijer continues expansion of its small-store grocery concept
Meijer has opened its third neighborhood market.. . . more
Acme Markets to acquire 27 Kings Food Markets and Balducci’s Food Lover’s Markets
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
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
Arhaus has unveiled a new format that specializes in interior design and customization services. . . . more
Tropical Smoothie Cafe Continues Record Results in Q3
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
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
Winn-Dixie is expanding its store footprint in its home state.. . . more
City votes down plan; Connecticut’s biggest mall may close
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
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
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
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
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
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
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
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
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
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
H&M integrates virtual assistant, live chat with Google services
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
Restroom cleanliness is more important than for stores and restaurants.. . . more
Wingstop is Approaching 1,500 Locations Across the Globe
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
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
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 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
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
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
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
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
Halloween was a horror show for Party City last year. . . . more
True Religion Apparel to exit bankruptcy
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
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
S&P Global Ratings sees slow recovery ahead for Neiman Marcus
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
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
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+
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
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
The nation’s largest bridal retailer is bringing inventory directly to customers via augmented reality (AR).. . . more
Target adds new product categories to same-day delivery
Target is not standing idly as Amazon and Walmart continue expanding their same-day shipping capabilities.. . . more
H&M to close 250 stores next year
With about a quarter of its leases up for renegotiation or exit annually, H&M on Thursday said it plans a net decrease in its brick-and-mortar footprint next year of about 250 stores, according to a company press release.. . . more
MainPlace Mall takes discounts digital with loyalty app
MainPlace Mall will handle social distancing by dispatching loyal customers to the stores they like for the
discounts they want.. . . more
Dick’s Sporting Goods adding 11 new stores; will open in-store Soccer Shops
Dick’s Sporting Goods continues to expand its nationwide footprint and add new concepts to its store portfolio.. . . more
American Dream re-opens on October 1 – with retail
They’re not calling it a grand opening. They didn’t call it that when American Dream first opened last October because the Nickelodeon water park and the retail sections weren’t completed. But both are ready to go now as—17 years after the project had its beginnings the New Jersey Meadowlands—Triple Five’s third mega-mall opens its doors to the public on Thursday.. . . more
Thursday, October 1, 2020
Target focuses sustainability efforts on energy, packaging, workers
Target Corp. met its 2019 goals to improve the health of supply chain workers, reduce its energy footprint, and boost compensation.. . . more
North Carolina mall gets a new life for Christmas
A May 2019 review of the Randolph Mall in Asheboro, N.C., by “Pawlover”, said, “This mall probably won't last too much longer, which is a bit sad.” Well, Pawlover, cheer up. The mall is making a comeback.. . . more
Here's what Tiffany's renovated Fifth Ave. store looks like
Tiffany & Co. couldn't reopen its flagship location in New York without some dazzle -- a sparkling box lit in its iconic blue.. . . more
Here's what the Taco Bell of the future will look like
Taco Bell's newest restaurant design emphasizes the drive-thru and limits human interaction, making it more suitable for the coronavirus era.. . . more
The 5 worst-timed retail decisions of 2020
Everyone had big plans for 2020. This was the year of high expectations, where retail companies were strategically set to execute turnaround plans, or were zeroing in on their target audiences, or were energized to open new store concepts.. . . more
Walmart to redesign nearly 1,000 stores
Walmart has unveiled an airport-inspired, digitally-enabled store design that it plans to start rolling out this
year.. . . more
Tractor Supply plants seeds for seamless personalization
As first reported by Chain Store Age, Tractor Supply Company will leverage cloud-based technology from Adobe to help support its impressive growth.. . . more