Gatewood Retail News

Gatewood Retail News

Federal Government Says Employers Can Mandate COVID Vaccinations

ASKING FOR PROOF OF A COVID VACCINATION DOESN’T COUNT AS A DISABILITY-RELATED QUESTION. DECEMBER 2020 BEN COLEY Employers are allowed to require COVID vaccinations and ban employees from the workplace if they choose to opt out, according to guidance from the U.S. Equal Employment Opportunity Commission (EEOC). The American Disabilities Act (ADA) limits an employer’s ability to require medical examinations, but the EEOC said the vaccine isn’t a medical examination because it doesn’t seek information about an individual’s impairments or current health status. Under a vaccine requirement, employers must show that an unvaccinated worker would “pose a direct threat due to a significant risk of substantial harm to the health or safety of the individual or others that cannot be eliminated…

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Retailers’ best e-commerce asset may be their brick-and-mortar stores

Source:  Retail Dive:  Daphne Howland Dive Brief: In yet another trend accelerated by the pandemic, BOPIS services have surged, with 40% of retailers now offering the service, compared to just a quarter last year, according to an emailed report from omnichannel platform NewStore. More than half (55%) offer in-store returns of online purchases, the firm found. In part thanks to the expansion of Google My Business, smaller retailers are increasingly offering such services, with about 40% of online purchases picked up at local stores, according to omnichannel firm Uberall. Growth in such services has spiked 75% year over year, with BOPIS growth at Walmart and Target outpacing their robust online sales growth, according to 1010data. The trend is fueled in part…

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ICONIC MENSWEAR RETAIL ENTERPRISE CELEBRATES A BIRTHDAY – The Locker Room Turns 57         

                                       ICONIC MENSWEAR RETAIL ENTERPRISE BEGINS ITS 57TH YEAR                            Alex Gatewood opened the Locker Room in Tuscaloosa October 28, 1964 Tuscaloosa, AL   The Locker Room, a traditional menswear retail enterprise that coined the term ‘Elephantwear’ and made Gameday wear a national fashion trend, celebrates its 57th year in business on October 28th. The 7000 SF store located at 2104 University Boulevard in Tuscaloosa, is owned, and operated by Alex Gatewood who at 79, continues to set the pace for his “less seasoned” employees. October 28, 1964 was a day…

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How Restaurants Can Approach an Exit Strategy

If the restaurant is facing double-digit reductions in revenue, a decrease in staffing, and no immediate path to recovery, then the operator needs to contact a professional, Webb says. Source: NRN BEN COLEY  October 2020 With colder months ahead and a second wave of COVID-19 predicted by some public health officials, the path forward for restaurants doesn’t become any easier. Edward Webb, an advisory partner at accounting and consulting firm BPM, LLP has a number of clients in the industry who are determining the best exit strategy, which could be selling the business, winding down and closing permanently, or bankruptcy. Backed by 30 years of experience in consulting and financial management, the accountant says restaurants are “absolutely seeing a sea change.”…

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Amazon Finally Announced Prime Day. Target’s Response Is a Brilliant Example of How to Steal the Show

Source:  Inc. |  Jason Aten, Tech Columnist The retail giant announced its Deal Days for October 13 and 14–the same two days as Amazon’s Prime Day sale. Amazon just announced that Prime Day will finally happen October 13 and 14. The site-wide sale usually takes place in July but was delayed this year due to the coronavirus pandemic. That’s a pretty big deal considering that last year, Prime Day accounted for more of the company’s sales than Black Friday and Cyber Monday combined. Both customers and third-party sellers have been waiting for Amazon to give some indication when the two-day shopping event might finally arrive. If you happen to be one of the 150 million Prime members, paying $119 a year, this is…

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Former Jamba and Barcelona/Bartaco executives launch new blank-check company

Source:  Lisa Jennings for NRN A group of veteran restaurant operators and investors on Friday filed for an initial public offering with the goal of raising $200 million with a new blank-check company that will likely target the restaurant industry, according to filings with the Securities and Exchange Commission. Tastemaker Acquisition Corp. is the latest special purpose acquisition company, or SPAC, to launch with the plan of scooping up opportunities in the restaurant sector as the industry struggles to recover from the coronavirus pandemic. In August, &Pizza co-founder Doug Jacob and Ruby Tuesday founder Sandy Beall launched FAST Acquisition Corp., with sights set on the quick-service sector. Like FAST, the new Tastemaker SPAC has a deep bench of industry executives…

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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 ecommerce. Tracy Gatewood |  Gatewood Retail Source: Hallie LeSavage | Retail Brew  The pandemic has expedited retail’s shift from physical stores to digital commerce by approximately five years, per IBM’s U.S. Retail Index. That means new earnings jargon for retailers—and new routines for shoppers. Speaking of retailers’ first priority…the Harris Poll exclusively shared an August survey of 1,962 U.S. shoppers’ attitudes toward e-comm with Retail Brew. The…

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New 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 account. The Lowe’s logic: A quarantine surge in home improvement sales made living rooms “an epicenter of fashion,” said Lowe’s chief brand and marketing officer Marissa Thalberg. Meanwhile, apparel sales haven’t quite recovered from record lows. That may have dented designers’ show budgets and opened the door for an unexpected partner. Here’s the thing: Home and apparel crossovers work best when brands with overlapping audiences or aesthetics co-create…

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More 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 comes, and you have the perfect storm.” Some restaurant landlords have struck short-term deals with their tenants, dramatically slashing base rent and asking for a percentage of sales instead because they know it could be tough to find new tenants. A chef walks towards the entrance of a California Pizza Kitchen Inc. restaurant in New York. Andrew Harrer | Bloomberg | Getty Images Restaurants have…

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Popeyes’ 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 quick-service restaurant industry is built on the wrappers and clamshells of iconic menu items, billons of dollars spent every year on food that exists as much in the cultural zeitgeist as it does in the grease-flecked bags served out of fast-food windows across America. And in 2019, another menu item climbed to the highest reaches of cultural relevance: Popeyes’ Chicken Sandwich. The sandwich—made up of…

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