Market Buzz& Industry News
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Petco files to go public — again 12/03/2020
Petco Health and Wellness Co. Inc. plans to return to the public arena as consumer spending on pets continues to surge amid the pandemic.
The San Diego-based pet supplies and services company has filed for an initial public.
Macerich malls receive hygiene and safety certification12/03/2020
Malls used to get top ratings for high sales per square foot.
Ulta Beauty Q3 sales fall 7.8% 12/03/2020
Ulta Beauty’s sales declined in the third quarter as the retailer continues to feel the impact of the pandemic.
Francesca's files Chapter 11 with plans to sell company 12/03/2020
Francesca’s Holdings Corp. has filed for filed for Chapter 11 bankruptcy protection, the latest apparel retailer whose business has been undone amid the pandemic.
Francesca’s filed with an intention to sell its business.
Amazon bringing high-tech grocery format to Illinois12/03/2020
The newest Amazon Fresh grocery store will be the first located outside California.
On Thursday, Dec. 10, Amazon will open an approximately 35,000-sq.-ft. Amazon Fresh store in Naperville, Ill.
2021 – Six expert predictions for digital commerce12/03/2020
An executive from a successful independent online music retailer sees digital consumers looking for privacy and used items in the coming year.
Chain Store Age recently spoke with Mike Clem, chief digital officer and senior VP of Fort Wayne, India
Big Lots delivers record-setting comps in Q3; holiday off to ‘strong start’ 12/03/2020
Big Lots reported third-quarter profit, net sales and same-store sales that beat expectations, helped by its ongoing reconfiguration of its food and consumable categories and expanded online assortment.
The company’s net income fell to $29.
Yup, Black Friday weekend still matters12/03/2020
Black Friday weekend produced an expected rise in online and omnichannel shopping, but also delivered a couple of surprises.
In a recent column, I made three predictions for Black Friday weekend (the five-day-period spanning Thanksgiving through
Commentary: Best practices for omnichannel retail transformation 12/03/2020
Omnichannel transformation is permeating the retail industry as customer expectations rise and shopping patterns shift.
This change is requiring retailers to quickly determine how to provide their customers with the products they need, when and w
Retail Outlook for 2021: Empowering an agile, balanced, collaborative workforce12/02/2020
2020 has created a retail landscape unlike anything we ever experienced or expected.
Express loss widens; cuts 10% of corporate staff12/02/2020
Express Inc. continues to struggle amid the pandemic.
C-store retailer opens shifts across store locations12/02/2020
Kum & Go is enabling employees to cover shifts at nearby stores with a new feature of its labor optimization platform.
Specialty equestrian retailer streamlines digital gift shopping12/02/2020
Dover Saddlery is galloping ahead with the rollout of a digital gifting solution.
Barneys to make comeback next year — in Saks12/02/2020
Barneys New York will make its return to the retail stage next year.
Amazon settles on Oklahoma City for fulfillment center12/02/2020
Amazon plans to open a new supply chain facility in Oklahoma City, Okla., in 2021.
Signet rebounds in Q3, but warns about holiday12/02/2020
Signet Jewelers Ltd. sparkled in its third quarter amid strong digital and physical store growth.
Walmart in fourth round of cash bonuses for workers; extends COVID emergency leave12/02/2020
Walmart Inc. has announced another round of cash bonuses as its business continues to surge amid the pandemic.
Walgreens segments customers for digital third-party ad campaigns12/02/2020
Walgreens is joining the increasingly crowded field of drugstore and grocery chains that open their customer base to targeted advertisements from suppliers.
Meijer delivers groceries – and more – via Instacart12/02/2020
Meijer is the latest retailer to expand the range of products delivered by Instacart beyond the online delivery platform’s core grocery offering.
Kroger raises annual profit forecast; supply chain remains ‘healthy’12/02/2020
The Kroger Co. reported a third-quarter profit that blew past Street expectations as it launched more than 250 store-brand items, its most ever for one quarter.
What the pandemic hath wrought: five key trends12/02/2020
For years, Phillips Edison’s national accounts and emerging trends team has been doggedly cataloging new trends in its neighborhood retail centers, but not as dogged as during COVID-plagued 2020.
Meet Shoppers Where They Want to be Met12/02/2020
Much has been made about the American consumer’s great leap into online retail during the COVID-19 pandemic.
Michaels tops estimate as online surges; to pay holiday bonuses12/02/2020
The Michaels Cos. reported a better-than-expected third-quarter performance, driven by strong demand in its stores and online, where sales surged 128%.
Report: Kmart hit by ransomware attack12/02/2020
Struggling department store retailer Kmart has reportedly had its human resources site shut down by hackers seeking payment to end the outage.
Six Steps for Improving Customer Engagement and Loyalty12/02/2020
Customer shopping patterns have been totally upended during COVID-19.
Ten Insensitive Words Brands Should Stop Using12/01/2020
The way we use language changes as the culture at large changes, and the trend is towards respectful people-first language.
Pier 1 parent company buys SteinMart for $6 million; to relaunch online12/01/2020
The company that has been buying bankrupt brands has added another retailer to its growing portfolio.
Men’s Wearhouse owner exits Chapter 1112/01/2020
Tailored Brands is ready for its next chapter.
Google leverages search trends for tailored gift lists12/01/2020
The new Google Shopping Gift Guide applies artificial intelligence to the task of selecting holiday presents recipients will want.
Lowe’s, NFL donating Christmas trees to those hit hardest by pandemic12/01/2020
Lowe’s has teamed up with the NFL to bring some holiday cheer to those who need it most.
Costco sales up 15.1% in November12/01/2020
Costco Wholesale Corp.'s sales continued to rise in November, but at a slightly lower pace than in the two previous months.
Placer.ai: Black Friday becomes Black Week12/01/2020
Black Friday hasn’t gone away as much as it’s been extended.
Walmart+ becomes more like Prime with removal of shipping minimum12/01/2020
Members of Walmart’s paid membership program no longer have to spend $35 to get free shipping on non-grocery items.
How to Be an Omnichannel Landlord12/01/2020
Phillips Edison chief Jeff Edison’s top concern was his tenants when COVID-19 shut down nail salons, fitness centers, and other non-essential businesses in his centers.
Amazon bets big on Nevada fulfillment infrastructure12/01/2020
Amazon is opening eight new customer fulfillment and delivery operations facilities across Nevada.
Hy-Vee introduces premium membership program12/01/2020
A regional Midwestern grocer is introducing a paid membership offering with exclusive omnichannel benefits.
FedEx acquiring e-commerce platform12/01/2020
FedEx continues bolstering its e-commerce capabilities as it competes with Amazon’s growing proprietary delivery capacity.
Yesway opens first store in its accelerated real estate and remodel push12/01/2020
Yesway is ramping up expansion.
Walgreens ramps up VillageMD clinic rollout12/01/2020
Walgreens Boots Alliance is escalating its rollout of VillageMD health care clinics.
Study: Amazon wins big over Black Friday weekend12/01/2020
Amazon has found another omnichannel retail battleground to dominate.
At Home in strong Q3; to ramp up store expansion12/01/2020
At Home Group reported its highest comps and best third-quarter performance since going public in 2016 as consumers continue to spend on decorating and organizing their homes amid the pandemic.
Is America Yearning for American Dream?11/30/2020
The 2020 pandemic wore hard on American retail centers. They are now all trying to re-invent themselves as entertainment and dining centers.
Webinar Alert: Solutions for Touchless, Hygienic Restrooms11/30/2020
The coronavirus is driving major change across retail stores and putting a new spotlight on restroom hygiene.
It’s Time For Retail to Part Ways With its Legacy Mindset11/30/2020
As much as we all wish society was rounding the corner toward a return to normalcy, the truth of the matter is that COVID-19’s effect on the retail industry is far from over.
PREIT expects to emerge from Chapter 11 this month11/30/2020
Having had the Bankruptcy Court for the District of Delaware confirm its restructuring plan, PREIT issued an announcement that it expected to emerge from Chapter 11 bankruptcy protection within the next few weeks.
Foot Locker starts search for new finance head11/30/2020
A 25-year company veteran is retiring from Foot Locker.
O’Reilly named CEO of Howard Hughes Corp.11/30/2020
The CFO who was made president of Howard Hughes Corporation and continued in both those roles while serving as interim CEO has now been formally invested with the top job.
Northeast supermarket operator personalizes customer promotions11/30/2020
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.
Aaron’s to trade as an independent company11/30/2020
The Aaron’s Company has begun trading as an independent company.
Starbucks providing free coffee, gift cards to front-line responders11/30/2020
With the pandemic surging across the country, Starbucks Corp. is recognizing the efforts of front-line responders.