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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.

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Macerich malls receive hygiene and safety certification

12/03/2020


Malls used to get top ratings for high sales per square foot.

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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.

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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.

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Amazon bringing high-tech grocery format to Illinois

12/03/2020


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.

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2021 – Six expert predictions for digital commerce

12/03/2020


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

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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.

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Yup, Black Friday weekend still matters

12/03/2020


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

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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

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Retail Outlook for 2021: Empowering an agile, balanced, collaborative workforce

12/02/2020


2020 has created a retail landscape unlike anything we ever experienced or expected.

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Express loss widens; cuts 10% of corporate staff

12/02/2020


Express Inc. continues to struggle amid the pandemic.

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C-store retailer opens shifts across store locations

12/02/2020


Kum & Go is enabling employees to cover shifts at nearby stores with a new feature of its labor optimization platform.

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Specialty equestrian retailer streamlines digital gift shopping

12/02/2020


Dover Saddlery is galloping ahead with the rollout of a digital gifting solution.

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Barneys to make comeback next year — in Saks

12/02/2020


Barneys New York will make its return to the retail stage next year.

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Amazon settles on Oklahoma City for fulfillment center

12/02/2020


Amazon plans to open a new supply chain facility in Oklahoma City, Okla., in 2021.

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Signet rebounds in Q3, but warns about holiday

12/02/2020


Signet Jewelers Ltd. sparkled in its third quarter amid strong digital and physical store growth.

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Walmart in fourth round of cash bonuses for workers; extends COVID emergency leave

12/02/2020


Walmart Inc. has announced another round of cash bonuses as its business continues to surge amid the pandemic.

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Walgreens segments customers for digital third-party ad campaigns

12/02/2020


Walgreens is joining the increasingly crowded field of drugstore and grocery chains that open their customer base to targeted advertisements from suppliers.

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Meijer delivers groceries – and more – via Instacart

12/02/2020


Meijer is the latest retailer to expand the range of products delivered by Instacart beyond the online delivery platform’s core grocery offering.

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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. 

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What the pandemic hath wrought: five key trends

12/02/2020


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.

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Meet Shoppers Where They Want to be Met

12/02/2020


Much has been made about the American consumer’s great leap into online retail during the COVID-19 pandemic.

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Michaels tops estimate as online surges; to pay holiday bonuses

12/02/2020


The Michaels Cos. reported a better-than-expected third-quarter performance, driven by strong demand in its stores and online, where sales surged 128%.   

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Report: Kmart hit by ransomware attack

12/02/2020


Struggling department store retailer Kmart has reportedly had its human resources site shut down by hackers seeking payment to end the outage.

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Six Steps for Improving Customer Engagement and Loyalty

12/02/2020


Customer shopping patterns have been totally upended during COVID-19.

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Ten Insensitive Words Brands Should Stop Using

12/01/2020


The way we use language changes as the culture at large changes, and the trend is towards respectful people-first language.

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Pier 1 parent company buys SteinMart for $6 million; to relaunch online

12/01/2020


The company that has been buying bankrupt brands has added another retailer to its growing portfolio.

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Men’s Wearhouse owner exits Chapter 11

12/01/2020


Tailored Brands is ready for its next chapter.

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Google leverages search trends for tailored gift lists

12/01/2020


The new Google Shopping Gift Guide applies artificial intelligence to the task of selecting holiday presents recipients will want.

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Lowe’s, NFL donating Christmas trees to those hit hardest by pandemic

12/01/2020


Lowe’s has teamed up with the NFL to bring some holiday cheer to those who need it most.

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Costco sales up 15.1% in November

12/01/2020


Costco Wholesale Corp.'s sales continued to rise in November, but at a slightly lower pace than in the two previous months.

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Placer.ai: Black Friday becomes Black Week

12/01/2020


Black Friday hasn’t gone away as much as it’s been extended.

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Walmart+ becomes more like Prime with removal of shipping minimum

12/01/2020


Members of Walmart’s paid membership program no longer have to spend $35 to get free shipping on non-grocery items.

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How to Be an Omnichannel Landlord

12/01/2020


​​​​​​​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.

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Amazon bets big on Nevada fulfillment infrastructure

12/01/2020


Amazon is opening eight new customer fulfillment and delivery operations facilities across Nevada.

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Hy-Vee introduces premium membership program

12/01/2020


A regional Midwestern grocer is introducing a paid membership offering with exclusive omnichannel benefits.

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FedEx acquiring e-commerce platform

12/01/2020


FedEx continues bolstering its e-commerce capabilities as it competes with Amazon’s growing proprietary delivery capacity.

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Yesway opens first store in its accelerated real estate and remodel push

12/01/2020


Yesway is ramping up expansion.

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Walgreens ramps up VillageMD clinic rollout

12/01/2020


Walgreens Boots Alliance is escalating its rollout of VillageMD health care clinics.

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Study: Amazon wins big over Black Friday weekend

12/01/2020


Amazon has found another omnichannel retail battleground to dominate.

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At Home in strong Q3; to ramp up store expansion

12/01/2020


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.

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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.

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Webinar Alert: Solutions for Touchless, Hygienic Restrooms

11/30/2020


The coronavirus is driving major change across retail stores and putting a new spotlight on restroom hygiene. 

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It’s Time For Retail to Part Ways With its Legacy Mindset

11/30/2020


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.

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PREIT expects to emerge from Chapter 11 this month

11/30/2020


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.

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Foot Locker starts search for new finance head

11/30/2020


A 25-year company veteran is retiring from Foot Locker.

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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.

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Northeast supermarket operator personalizes customer promotions

11/30/2020


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.

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Aaron’s to trade as an independent company

11/30/2020


The Aaron’s Company has begun trading as an independent company.  

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Starbucks providing free coffee, gift cards to front-line responders

11/30/2020


With the pandemic surging across the country, Starbucks Corp. is recognizing the efforts of front-line responders. 

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