Wednesday, August 31, 2022

People returning to offices are still buying breakfast even as they cut back on other things

CNBC Business
Consumers may be dining out less, but breakfast sales are holding steady as people return to offices and grab a quick bite or iced coffee on the way to work. . . . more

Burlington falls behind off-price rivals in Q2 as lower-income households feel inflation’s pinch

Retail Dive
Under the cloud that inflation has cast over the financial stability of lower-income households, off-price retailers in recent days posted Q2 reports riddled with uncertainty over the second half of the year, and Burlington was especially hard hit. . . . more

Dick’s Sporting Goods offers in-person resale events

Dick’s Sporting Goods is partnering with an online sporting goods marketplace to trade gift cards for used sports gear. . . . more

Bed Bath & Beyond closing 150 stores, laying off 20% of staff

CBS Boston
Bed Bath & Beyond announced Wednesday it plans to close dozens of stores and lay off 20% of staff. . . . more

Tuesday, August 30, 2022

SoulCycle plans to close 25% of studios

CBS Boston
In the coming days, Soul Cycle plans to close about a quarter of its locations - and that could include spots in the Boston area. . . . more

Panera pilots AI at the drive-thru

Panera Bread’s latest technology innovation is artificial intelligence (AI)-enhanced drive-thru ordering. . . . more

Retailers offer more pre-Labor Day sales due to excess inventory

Fox Business
Retailers will typically offer sales around Labor Day to get stores ready for the pivotal holiday season. . . . more

Best Buy’s quarterly sales drop, as inflation-weary consumers pull back on spending

CNBC Business
Best Buy on Tuesday said sales dropped by about 13% in the second fiscal quarter, as the retailer felt a pullback from inflation-weary shoppers. . . . more

Stop & Shop locks in savings for shoppers

Supermarket News
Amid still-elevated food price inflation, Stop & Shop has launched a program to give customers more time to save. . . . more

Alex and Ani has $17.5M loan as it seeks growth after bankruptcy

Retail Dive
Jewelry retailer Alex and Ani has a new $17.5 million loan to fund its working capital needs and operations following last year’s restructuring in Chapter 11. . . . more

Is Dillard’s setting the pace for mid-tier department stores?

Retail Dive
As Macy’s, Kohl’s and J.C. Penney grapple with what success means for a mid-tier department store in the 21st century — fending off activist investors, taking on new owners or announcing new strategies — Southern department store chain Dillard’s quietly plugs along. . . . more

Monday, August 29, 2022

‘National Cinema Day’ to offer $3 movie tickets for one day

or one day, movie tickets will be just $3 in the vast majority of American theaters as part of a newly launched “National Cinema Day” to lure moviegoers during a quiet spell at the box office. . . . more

La-Z-Boy reports record FY 2023 first-quarter results

The Monroe News
Monroe-based La-Z-Boy Inc. recently reported record-setting first-quarter results for the quarter that ended July 30, 2022. . . . more

Deli meat and cheese primed for bigger slice

Supermarket News
This fall, life is expected to be close to normal for workers and schoolchildren as the number of people attending work or school virtually has plummeted since the pandemic reared its ugly head. . . . more

Victoria’s Secret Q2 sales tumble as shoppers curtail store visits

Retail Dive
With some strength in its core merchandise but weaker sales in other apparel, Victoria’s Secret Q2 net sales fell 6% year over year to $1.5 billion, as comps fell 8%, the lingerie maker said Wednesday. . . . more

Bloomingdale’s opening second store under 'Bloomie’s' banner

Bloomingdale’s is closing a traditional store as it opens its newest concept at a shopping center in Chicagoland. . . . more

Bed Bath & Beyond sets date to reveal comeback strategy

Bed Bath & Beyond is getting set to discuss its next chapter. . . . more

Consumer demand boosts Ulta Beauty as Q2 revenue, income, comp sales jump

Citing the “resilience” of the beauty category, Ulta Beauty delivered a strong second quarter and lifted its full-year outlook at a time when many retailers are doing the opposite. . . . more

Thursday, August 25, 2022

Tractor Supply Company to open 10th distribution center

Tractor Supply Company is breaking ground on a new supply chain facility in Arkansas. . . . more

Dollar General posts strong Q2, upbeat guidance; taps CFO to head global expansion

Dollar General Corp. reported a strong second quarter with top- and bottom-line growth, and also raised its full-year sales outlook, as it withstood inflation challenges and economic uncertainty. . . . more

Stop & Shop makes health top of mind in store upgrade

Supermarket News
Stop & Shop has updated a store in Boston’s Grove Hall neighborhood to focus on community health and well-being. . . . more

Bath & Body Works launches nationwide loyalty program, app

Retail Dive
Bath & Body Works on Monday announced the nationwide launch of its loyalty program, dubbed My Bath & Body Works Rewards, according to a company press release. . . . more

As others battle inflation, Dick’s says its shopper is ‘holding up very well’

Retail Dive
While other retailers are struggling to manage inventory and inflation, Dick’s isn’t particularly worried about either.  . . . more

Bed Bath & Beyond snags a much-needed loan: WSJ

Retail Dive
Bed Bath & Beyond has found a lender to help boost its cash as it tries to stabilize its finances, according to a Wall Street Journal report that cited anonymous sources. . . . more

Staples, Office Depot partner with Instacart on large item delivery

A number of prominent retailers are among the first clients of a new Instacart service aimed at fulfilling online orders for big products. . . . more

Tuesday, August 23, 2022

This high-tech coffee shop wants to rival Dunkin’ and Starbucks in Boston

Boston Globe
There’s a new, high-tech coffee shop about to open multiple stores in Boston — and its founders think they can replace your morning coffee routine. . . . more

DraftKings goes Live! with its first gaming and dining establishment

Live! Hospitality & Entertainment, the company that’s brought 100,000 sq. ft. casinos to malls, is now bringing an online sports gaming brand into a mall with a 10,000-sq.-ft. bar and restaurant. . . . more

Regal Cinemas owner promises 'business as usual' amid bankruptcy talk

CBS News
The owner of Regal Cinemas confirmed Monday that it was considering filing for bankruptcy but promised "business as usual" at it tries to shore up its finances. . . . more

Paris Baguette Continues To Dominate the Bakery Franchise Industry; Inks Nearly 72 New Deals Since Start of 2022
Paris Baguette, the bakery café concept with 4,000 units worldwide, has seen significant growth in the first half of 2022. . . . more

KeyPoint Partners Negotiates Red Cross Lease in Kingston, MA

Boston Real Estate Time
KeyPoint Partners negotiated a lease with American Red Cross for a 5,001 square foot space at Summer Hill Plaza in Kingston, MA. Vice Presidents of Retail Brokerage Don Mace and Rob Grady negotiated the lease on behalf of the landlord. . . . more

Friday, August 19, 2022

Walmart+ adds Paramount+ to roster of benefits

Supermarket News
Walmart+ shoppers can soon tune in to “Star Trek: Strange New Worlds” while putting away their groceries. . . . more

Taco Bell pilots its own plant-based protein option

Restaurant Dive
Taco Bell is testing a proprietary plant-based protein with its new Crispy Melt Taco in the Birmingham, Alabama, area, the company announced Thursday. . . . more

Target takes 87% hit to operating profit as it resets inventory

Retail Dive
Target’s sales and earnings in the second quarter fell short of analyst estimates even after the retailer warned that it was rightsizing inventory in the face of flagging demand and refocusing around its best-selling categories. . . . more

Beyond Yoga to open its first permanent store

Retail Dive
Following its 2021 acquisition by Levi Strauss & Co., Beyond Yoga is opening its first brick-and-mortar store by the end of this year, the company announced on Thursday. . . . more

Kohl’s adding in-store Sephora shops at all locations

Kohl’s Corp. is expanding its partnership with beauty giant Sephora. . . . more

Staples targets back-to-school shoppers with its app

Staples is turning its mobile app into a single point of access for all of its back-to-school deals and special offers. . . . more

Check out Wendy’s ‘next gen’ restaurant design

The Wendy’s Company is combining innovative design and digital technology in its new restaurant design. . . . more

Monday, August 15, 2022

Contactless Payments Pave the Path Forward

Contactless payments are becoming mainstream in the convenience store industry, as more retailers upgrade to offer the service. . . . more

Office Depot adds on-demand delivery option timed for back-to-school

Parents and students have a new way to quickly receive online orders from Office Depot. . . . more

Simon names new treasurer

Donald G. Frey has been made an executive VP at Simon and named treasurer of the nation’s premier mall operator. . . . more

Yesway opens concept store for college kids

Students at a major Southwest university will have a new convenience shopping option this fall. . . . more

The Quiznos of Tomorrow Has Arrived

Quiznos is familiar with being an industry disruptor, says Brent Phillip, vice president of marketing and digital experience for parent REGO Restaurant Group. . . . more

Panera Brands names new CFO

Panera Brands Inc. has named a new finance head. . . . more

Meet the New Scalable Franchise Model from Pet Wants
Founded more than a decade ago, Pet Wants, the only national provider of pet food freshly delivered to customers, has become a household name for pet owners and franchise professionals across the U.S. . . . more

Friday, August 12, 2022

Potbelly Has a Plan to Streamline Kitchen Operations

After spending 18 months elevating its consumer-facing tech stack with a new website and app, Potbelly is turning its attention toward streamlining back of house. . . . more

Dutch Bros. on track for 130 new stores in 2022; Q2 revenue jumps

Dutch Bros Inc. isn’t pulling back on its expansion. . . . more

BP expands its ampm convenience store brand to East Coast

There’s a new player moving into the already competitive East Coast convenience store market. . . . more

MA Sales Tax Holiday 2022: What To Know

For the most part, you won't pay full price on anything this weekend in Massachusetts. . . . more

Warby Parker remains committed to store expansion; cuts guidance

Warby Parker’s loss widened in the second quarter amid increased expenses. . . . more

Sears Holdings reaches $175M settlement with Lampert and company

Retail Dive
After nearly four years in bankruptcy, Sears Holdings and its one-time creditors said they have reached a settlement with its former CEO and majority owner Eddie Lampert and other investors. . . . more

Petco reorganizes leadership team, names new COO

Retail Dive
In a number of leadership announcements, Petco said on Tuesday that Chief Operating Officer and President of Services Mike Nuzzo will exit his position after more than seven years with the company, according to a press release. . . . more

Thursday, August 11, 2022

Online grocery sales increased 17% in July

Supermarket Dive
Online grocery sales in the U.S. increased 17% in July year over year, to $7.8 billion, as inflation and COVID-19 anxieties continue to drive increases in the channel, according to the latest monthly e-commerce report from Brick Meets Click and Mercatus. . . . more

Whole Foods co-founder plans to launch vegetarian restaurant chain

Restaurant Dive
John Mackey, co-founder of Whole Foods Market, plans to build a plant-based restaurant chain. . . . more

Ahold Delhaize’s U.S. net sales climb 7.7% in Q2

Supermarket News
Global food retailer Ahold Delhaize built on a solid start to fiscal 2022 in its U.S. business with strong net, comparable and online sales growth for the second quarter. . . . more

Primark continues expansion into new states; announces price freeze

Primark has signed three new leases, bringing it into two states, as it continues to slowly but steadily grow its U.S. footprint. . . . more

The 25 fastest-growing retailers are …

Harbor Freight Tools led an annual listing of the fastest-growing retail companies. . . . more What top malls are doing to win traffic

Malls are dying?  Not the ones that succeed in turning themselves into “The Third Place.” . . . more

Ace Hardware continues store, distribution center expansion

Ace Hardware continues to grow its portfolio. . . . more

Tuesday, August 9, 2022

Westside Pizza focuses on fresh food, franchising

Westside Pizza is a regional chain with 38 stores. . . . more

QDOBA to be Purchased by Parent of Modern Market Eatery

Butterfly Equity, a Los Angeles-based private equity firm, announced Tuesday an agreement to purchase QDOBA, the country's largest franchisor in the Mexican fast casual segment. . . . more

First Look: Abercrombie & Fitch debuts new store format

Abercrombie & Fitch has unveiled a new store experience inspired by how customers feel before a long weekend. . . . more

Thursday, August 4, 2022

Wednesday, August 3, 2022

Aldi leads in private-label volume, growth

Supermarket News
It will come as no surprise that four of the top five private brands are found in retail giant Walmart’s portfolio, but when it comes to leading private-label share in volume and growth, nobody beats small-format discount grocer Aldi. . . . more

Altitude Trampoline Park Fast-tracks Growth With Three New Park Openings in 10 Days
Altitude Trampoline Park, one of the world’s largest family entertainment brands with more than 85 parks open or in development, recently opened three new locations in just 10 days. . . . more

Fat Brands plans to open 900 new restaurants in 5 years

Restaurant Dive
Fat Brands plans to add 900 units over the next five years, the company confirmed in an email to Restaurant Dive. . . . more

Report: Mall giant sees no downturn in store openings

Inflation worries aren’t stopping retailers from opening new stores. . . . more

Dockside Restaurant in Wakefield Is Becoming Floramo's

NBC 10 Boston
Last month, it was reported that the owner of a beloved spot for steak tips and ribs was taking over the kitchen of a restaurant in the northern suburbs, and now we have learned that the kitchen isn't the only thing changing. . . . more

Monday, August 1, 2022

Chipotle on track to reach $3.5B in digital sales in 2022

Restaurant Dive
Chipotle’s digital sales are expected to reach $3.5 billion by the end of the year, CEO Brian Niccol said Tuesday during the company’s second quarter earnings call. In 2021, digital sales were worth $3.4 billion.  . . . more

This is the last Sears for hundreds of miles. What can it tell us about the state of malls?

Retail Dive
Let’s say you’ve been tasked with explaining what a traditional shopping mall is to someone from the distant past, or distant future, who has stumbled into our timeline. . . . more