Tuesday, May 31, 2022

Survey: Less retail thieves caught but more dollars recovered in 2021

CSA
Shoplifting apprehensions decreased 16.2% in 2021, but the total amount of dollars recovered from shoplifters and dishonest employees — including apprehended and non-apprehended individuals — jumped 30.7%. . . . more

Out of COVID, Restaurants Race to Franchising Sector

QSR
Once a restaurant brand becomes well-established on a local or regional level, the natural next step for many is to dive into franchising. . . . more

Metaverse is the Next Frontier for Restaurants

QSR
For fast food and casual-dining brands looking to stay ahead of the curve, it’s time to explore how the metaverse fits into their customer engagement strategy. . . . more

Taking the Nation by Storm - Ziggi’s Coffee Opens 50th Location

Franchising.com
Ziggi’s Coffee has opened its 50th location just six short years after embarking on their journey as a franchise company. . . . more

Camping World To Expand In Eleven Markets By End Of 2022

SGB Media
Camping World Holdings, Inc. announced plans for the continued expansion of its RV sales and service network through the completion of eleven new dealership locations in seven states by the end of 2022. . . . more

Dollar General piloting self-checkout-only stores

Retail Dive
Dollar General recently started piloting self-checkout as the sole way to make purchases at select stores, Chief Operating Officer Jeff Owen said Thursday during the discount retailer’s first-quarter earnings call. . . . more

Ulta Beauty Q1 sales surge 21%; raises outlook

CSA
Ulta Beauty reported strong results for its first quarter with better-than-expected sales and earnings growth, supported by double-digit comparable sales growth across all major categories. . . . more

Friday, May 27, 2022

Dollar Tree profit jumps 43.2%; details new investments

CSA
Dollar Tree got off to a strong start in its first quarter, with record quarterly earnings and solid sales. . . . more

Survey: 65% of consumers prefer local restaurants over chains

Restaurant Dive
More consumers are opting to dine in-person amid fewer COVID-19 restrictions, while 29% plan to decrease their delivery app usage in the coming months, according to a survey of 1,000 U.S. consumers from Next Insurance emailed to Restaurant Dive. . . . more

Subway Shifts U.S. Development Plans

QSR
Subway is pushing a multi-year transformation journey, and the next step is a shift in U.S. development strategy. . . . more

Wealthy shoppers are splurging at Macy's. Low-income shoppers are pulling back at Walmart

CNN Business
Decades-high inflation is leading to a split in American consumers' behavior. . . . more

First Look: Amazon’s first-ever physical clothing store opens

CSA
Amazon Style is officially open. . . . more

Pacsun opens virtual store at metaverse festival

CSA
Pacsun keeps moving forward in its metaverse commerce efforts. . . . more

Apple raising starting pay to $22 an hour for U.S. workers

CSA
Apple is hiking wages as the company faces a still-tight labor market, inflation and a fledgling union drive. . . . more

Thursday, May 26, 2022

With work, travel and occasions back on, customers have returned to Nordstrom

Retail Dive
Beating expectations, Nordstrom’s Q1 net sales rose 18.7% year over year to $3.5 billion, with full-line sales up 23.5% and off-price Rack sales up 10.3%. . . . more

ICSC’s May show makes big return

CSA
It's back! COVID-stymied retail real estate association ICSC got back into the show business in Las Vegas last December with an event that was a success though attendance ebbed at just 10,000. But this week’s show, back in its usual late May dates, is brimming with a closer-to-normal crowd. . . . more

Report: New company to relaunch Bon-Ton, other regional department store banners

CSA
An array of now-closed department store banners may be in for a second life. . . . more

Nordstrom Q1 results surprise

CSA
Nordstrom provided an unexpected bright spot during what has been a largely disappointing earnings season so far. . . . more

Kohl’s to open 100 small-format stores during next four years

CSA
Kohl’s Corp. is thinking smaller to grow bigger. . . . more

Parent company of The Athlete’s Foot acquires Shoe City

CSA
The Arklyz Group has added another retail brand to its portfolio. . . . more