X

Market Buzz& Industry News

brought to you by Gamechangers

More than 60 Disney Store locations to close in North America

03/03/2021


Disney plans to “significantly” reduce the global footprint of Disney Store as it focuses more on e-commerce. 

Full Story

Burlington Stores to open 100 stores in 2021; cites ‘significant market share opportunity’

03/03/2021


Burlington Stores Inc. reported fourth-quarter sales and profit that beat Street estimates and said it was doubling its store count potential.

Full Story

ThredUp files for IPO

03/03/2021


ThredUp Inc. is looking to cash in on the booming market for secondhand clothing.

Full Story

Report: Amazon goes outside U.S. with cashierless store format

03/03/2021


Amazon is reportedly bringing its Amazon Go self-checkout convenience/grocery store concept to the U.K., under a new name.

Full Story

Target powers up three new renewable energy projects

03/03/2021


Target is furthering its commitment to use solar- and wind-generated electricity.

Full Story

Michaels beats Street with Q4 profits, earnings

03/03/2021


The good financial news continues for The Michaels Companies with strong results for the last quarter of fiscal 2020.

Full Story

Costco, Amazon and Apple take top spots in retail customer satisfaction study

03/03/2021


The customer experience is crucial to generating sales — online and in-store.

Full Story

Mastercard: U.S. retail sales up 4.6% in February; apparel continues to move online

03/03/2021


Consumers didn’t let inclement weather put that big of a dent in their spending during the month of February, particularly when it came to shopping online.

Full Story

Hy-Vee to open in-store nail salons

03/03/2021


Hy-Vee has teamed up with The W Nail Bar to open several in-store nail salons by the end of 2021.

Full Story

Key considerations for digital transformation in retail

03/03/2021


Facing macro-competitive pressures coupled with the pandemic’s impact, retailers are forced to develop cloud-centric IT capabilities to improve customer experience and scale.

Full Story

Survey: Retailers Unlikely to Require COVID-19 Vaccines for Employees

03/02/2021


With COVID-19 immunizations underway, businesses in every industry are grappling with drafting and implementing vaccination policies.

Full Story

Michaels to be acquired for $3.3 billion

03/02/2021


The Michaels Companies is being acquired in a deal that values the arts-and-crafts retailer at $5 billion. 

Full Story

Charming Charlie revival continues

03/02/2021


Charming Charlie is extending its comeback efforts online.

Full Story

Leading New Zealand retailer mobilizes for improved task management

03/02/2021


New Zealand’s largest home improvement chain is streamlining enterprise communications to enhance store execution.

Full Story

Walmart makes major commitment to U.S. manufacturing

03/02/2021


Walmart will spend $350 billion in the next 10 years on items made, grown or assembled in the U.S.

Full Story

The Black Tux to open in-store shops at David’s Bridal

03/02/2021


Brides, bridesmaids, grooms and groomsmen will soon be able to shop for their wedding attire under the same roof. 

Full Story

Dollar Tree to open 600 stores in 2021; expanding new ‘combination store’ concept

03/02/2021


Dollar Tree reported Q4 sales that missed Street estimates and said it is ramping up its store growth and remodeling, with a push for a new format that combines both its banners. 

Full Story

FedEx to phase in electric delivery vehicles

03/02/2021


A shipping giant is focusing on electric vehicles and sustainable facilities as key components of a plan to achieve carbon neutrality.

Full Story

Kroger will continue to require mask-wearing in Texas, Mississippi until…

03/02/2021


The Kroger Co. is holding firm to its nationwide mask mandate even as some states loosen their restrictions. 

Full Story

Sephora keeps top spot for personal experience

03/02/2021


A familiar name is ranked number one in the fourth annual Retail Personalization Index.

Full Story

Seattle and Salt Lake City thrived in 2020; Las Vegas and New Haven dived

03/02/2021


Only 11 metros in the United States equaled or surpassed their average retail sales growth rates from the previous five-year period.

Full Story

Not requiring masks is a ‘mistake,’ says retail group

03/02/2021


Two of the nation’s leading retail groups are reiterating their support for mask-wearing in the wake of several states dropping their mask mandates. 

Full Story

Survey: Brands can build consumer trust with product quality

03/02/2021


A heightened emphasis on e-commerce has made brand trust the top priority of consumers, according to a new survey.

Full Story

Best Buy targets older adults with mobile health offering

03/02/2021


Best Buy is providing a full array of health and safety services via Apple Watch.

Full Story

Bed Bath & Beyond to launch six private brands in first half of 2021

03/02/2021


Bed Bath & Beyond is moving ahead with its big push into store brands, a critical part of the chain’s turnaround strategy.

Full Story

Macy’s COO to leave and role to be eliminated amid other leadership changes

03/01/2021


Macy’s Inc. is making some changes to its senior leadership team as the company continues to overhaul its business in response to changing consumer behavior. 

Full Story

Topgolf announces new location in Fort Myers, Fla.

03/01/2021


Topgolf has announced it will open its seventh Florida location later this year in Fort Myers, Fla., off I-75 near the Cypress Lakes development.

Full Story

Regional grocer takes closer look at competitor pricing

03/01/2021


North State Grocery is analyzing the prices of rival supermarket chains at a granular level.

Full Story

Amazon 4-Star opens at Pyramid’s Crossgates complex in Albany

03/01/2021


Pyramid Management Group, the owner of Destiny USA in Syracuse that prides itself on innovative re-tenanting, has announced the opening of its first Amazon 4-Star store at its Crossgates property in Albany, N.Y.

Full Story

CSA Webinar: Learn about touchless, hygienic solutions for restrooms

03/01/2021


With customer and employee wellness top of mind, Chain Store Age will present a webinar on Tuesday, March 9 at 2 p.m., on how touchless products can contribute to a restroom’s overall good hygiene.

Full Story

Fabletics finds solution for better search performance

03/01/2021


An activewear retailer with a Hollywood connection is boosting its search revenue and transaction rate metrics.

Full Story

Paper Source files for bankruptcy

03/01/2021


Paper Source Inc. has filed for Chapter 11 bankruptcy protection with a plan to sell itself.

Full Story

Target Q4 sales soar amid strong holiday season, stimulus checks

03/01/2021


Target Corp. ended an impressive year on a strong note, with sales and earnings that topped analysts’ estimates as the discounter got a boost from holiday spending and $600 stimulus checks.

Full Story

Kohl’s tops Q4 earnings, sales estimates; forecasts growth in 2021

03/01/2021


Kohl’s Corp. ended a tough year on an upbeat note.

Full Story

Yum! Brands beefs up AI efforts with acquisition

03/01/2021


A quick-service restaurant operator is purchasing an artificial intelligence-based consumer insights and marketing performance analytics technology provider.

Full Story

Walmart boosts ad network with three new partners

03/01/2021


Walmart is building up the advertising partner network it launched in January 2020.

Full Story

Ralph Lauren saddles up for subscription program

03/01/2021


The world of Ralph Lauren now includes a subscription apparel rental initiative.

Full Story

Abercrombie & Fitch Q4 tops Street; closed 137 stores in 2020

03/01/2021


Abercrombie & Fitch Co. reported fourth-quarter earnings and sales that beat Wall Street expectations as it continued to trim its store portfolio.

Full Story

Trader Joe’s leads again in customer satisfaction as overall retail satisfaction declines

03/01/2021


Trader Joe’s kept its customer satisfaction score steady during 2020, which is more than most other retailers can say.

Full Story

Chico’s Q4 loss widens; closing 40 to 45 stores, adding in-store Soma shops

03/01/2021


Chico’s FAS reported disappointing fourth-quarter sales and gave an update on store closings and its plans to roll out in-store Soma shops.

Full Story

Target to invest $4 billion annually on store expansion, remodels, online

03/01/2021


Target Corp. will build on its record 2020 sales growth by making big annual investments to continue scaling capabilities across its online and brick-and-mortar retail platform.

Full Story

Amazon taking checkout-free store concept to the U.K.

02/28/2021


Amazon Go is moving across the pond.

Full Story

Crate & Barrel designs new trade program

02/28/2021


A specialty home furnishings retailer is targeting designers and businesses with a new omnichannel service experience.

Full Story

Dick’s Sporting Goods opening four stores in March

02/28/2021


Dick’s Sporting Goods continues to expand its national footprint.

Full Story

Hudson opens new store concept powered by Amazon technology

02/28/2021


Travel retailer Hudson has opened the doors to its new contactless shopping format, Hudson Nonstop.

Full Story

Walmart taps two Goldman Sachs bankers to lead chain’s fintech start-up

02/28/2021


Walmart’s expansion into finance continues to ramp up with the reported hiring of two heavy hitters.

Full Story

Publix sales jump to $44.9 billion in 2020 amid COVID-19 spending

02/28/2021


Publix ended the year on a strong note as the ongoing pandemic continued to drive sales.

Full Story

Kroger COO to retire

02/28/2021


A 42-year Kroger veteran is stepping down.

Full Story

Nordstrom opening in-store shops dedicated to at-home fitness product Tonal

02/28/2021


Nordstrom is jumping into the at-home fitness trend.

Full Story

Walmart eliminates order minimum from Express Delivery

02/28/2021


Walmart is continuing its efforts to draw shoppers away from the Amazon Prime Now same-day delivery service.

Full Story