Archive for August 2020
Harris Poll Exclusive: Online Shopping Hasn’t Perfected the Experience Factor
Ecommerce will never perfect experience because it has none to perfect. Their main playing cards are price and convenience and at times, selection. These are extremely important features of the retail game but the true winners have conquered the outstanding customer service demands of the successful brick and mortar experience then married that to seamless…
Read MoreNew York Fashion Week Goes Home
Source: Halie LeSavage | Retail Brew In the biggest fashion crossover curveball since Crocs and my closet, Lowe’s revealed a major collaboration with next month’s New York Fashion Week. Designers Christian Siriano, Jason Wu, and Rebecca Minkoff will integrate Lowe’s products into their upcoming outdoor presentations next month. Lowe’s will livestream each designer’s show on its Twitter…
Read MoreMore Pain Ahead for Landlords as Restaurant Bankruptcies Poised to Balloon in Coming Months
Source: CNBC / Lauren Thomas/ Amelia Lucas Industry analysts and restructuring experts say another wave of restaurant bankruptcies is looming, as government funds run out and the cooler months roll around, making outdoor dining less viable. “Pre-pandemic, you were already over-saturated with restaurants,” said Michael Jerbich, president of B. Riley Real Estate. “Then the pandemic…
Read MorePopeyes’ Next Act: Become a Global Icon
The chicken chain has had one of the most incredible years in quick-service history. What’s the follow-up? Becoming a household name all over the world. FAST FOOD | AUGUST 2020 | SAM OCHES POPEYES Is a Popeyes takeover coming? McDonald’s Big Mac. Burger King’s Whopper. KFC’s Original Recipe. Arby’s Classic Roast Beef. Dairy Queen’s Blizzard. The…
Read MoreSteinMart Files for Bankruptcy with Store Closing Plans
Stein Mart files for bankruptcy with store closing plans By Marianne Wilson – 08/12/2020 Stein Mart is the latest retail victim of the COVID-19 pandemic. The Jacksonville, Fla.-based off-pricer filed for Chapter 11 bankruptcy protection and plans to permanently close most of, if not all, its 279 stores. Stein Mart said it already has launched a store closing…
Read MoreWhen the Mall Owns the Retailer
Bankruptcy court has emerged as a shopping mecca for Sparc Group, the 50-50 partnership between Simon Property Group and Authentic Brands. Simon AUTHOR Daphne Howland@daphnehowland PUBLISHED Aug. 17, 2020 Bankruptcy court has emerged as a shopping mecca of sorts for Sparc Group, which, after successfully bidding on a series of retailers in Chapter 11, is now the “operating partner”…
Read MoreApple Becomes U.S. First $2T Company
Apple becomes US’ first $2T company Shares have gained 59% this year By Jonathan GarberFOXBusiness close Apple to split stock to lower price Apple Inc. became the first U.S. company with a $2 trillion market capitalization as its share price climbed above $467.77. The tech giant joins Saudi Aramco as the only companies to reach a $2 trillion…
Read MoreCracker Barrel Trimming Menu to Make Room for New Dishes – NRN
Source: Nations Restaurant News| Nancy Luna @fastfoodmaven Cracker Barrel Old Country Store is joining the growing list of restaurant chains deleting menu items to simplify operations during the coronavirus pandemic. The Lebanon, Tenn.-based comapny, which reported a 41.7% decline in same-store sales in the second quarter, has streamlined its menu for both guests and employees by…
Read MoreRestaurants Embrace Social Distancing
National Retail Federation | Karen Kroll With the COVID-19 pandemic showing little sign of letting up, the need to social distance is likely to remain for a while. That creates challenges for many businesses, particularly restaurants. After all, part of the fun of eating out comes from soaking in the energy of the crowd and…
Read MoreU.S. May Need Another 1 Billion SF of Warehouse Space as E-Commerce Booms – CNBC
Source: CNBC | Lauren Thomas KEY POINTS With more people clicking “buy” online, demand for industrial real estate could reach an additional 1 billion square feet by 2025, according to commercial real estate services firm JLL. The boom for fulfillment centers comes as the traditional retail real estate industry is suffering with store closures piling…
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