RETAIL NEWS

Globe St

newRetail Rents Expected To Drop 5.5% From Pandemic
A new JLL report finds that "non-essential" retailers in particular have been pummeled by the COVID-19 pandemic.
- 12 hours ago 2 Jun 20, 8:33pm -
newMany Casual Restaurant Brands Were Struggling Before COVID-19
Chains owned by public companies are in a better position.
- 12 hours ago 2 Jun 20, 8:21pm -
newRe-Engineering of the Retail Sector Key to Long-Term Success
In the long-term, all retail landlords will need to switch from being passive rent collectors to retail partners.
- 23 hours ago 2 Jun 20, 9:00am -
newCleaning Coalition Advocates for Essential Sector
The Cleaning Coalition of America represents the needs of an often-overlooked sector playing a vital role keeping essential services operating during COVID, and is seeking the tools to fight the pandemic and help America get back to work. …
- 23 hours ago 2 Jun 20, 9:00am -
newInvestment Fund Rescues Iconic Barbershop From Pandemic-Related Bankruptcy
The co-founders of Rudy's Barbershop worked with Sortis executives to pay about $2.5 million for the barbershop and avoid the involvement of the distressed equity firms.
- 23 hours ago 2 Jun 20, 9:00am -
Food Halls Bring a Glimmer of Hope to the Beleaguered Restaurant Industry
The coronavirus pandemic has dealt a major blow to the food and beverage industry, but one sector is poised for a strong comeback: Food halls.
- 2 days ago 1 Jun 20, 7:53pm -
Calhoun Sands Valuation & Advisory Inc. Expands With Merger
The Retail Petroleum Group now operates as a division of CSVA, offering specialty valuation services in retail petroleum facilities and convenience stores.
- 2 days ago 1 Jun 20, 7:16pm -
Asset Performance 'Hard to Generalize'
A panel of capital markets experts discuss the varying performance of commercial asset classes during the pandemic during a web series hosted by George Smith Partners.
- 2 days ago 1 Jun 20, 7:00pm -
Bedrock Temporarily Waives Rent for Detroit Tenants In Favor of A Percentage of Sales
Also, small businesses and restaurant tenants that received rent abatement for April and May can continue to do so for June.
- 2 days ago 1 Jun 20, 11:59am -
How Bankruptcy Courts Are Hurting Landlords
Rulings in recent cases allow rent to go unpaid.
- 2 days ago 1 Jun 20, 9:21am -

Chain Store Age

Amazon offers backup family care benefit until October
An e-tail giant is subsidizing the cost of emergency child and adult care for all of its U.S. employees.
- 1 day ago 2 Jun 20, 5:00am -
TravelCenters of America adding more locations
TravelCenters of America Inc. is expanding its footprint through conversions.
- 1 day ago 2 Jun 20, 5:00am -
Banana Republic in partnership to donate new clothing to Americans in need
Banana Republic is teaming up with a nonprofit that unites retailers, manufacturers, foundations and individuals to support Americans affected by poverty and tragedy.
- 1 day ago 2 Jun 20, 5:00am -
KFC Canada dives deep into data analytics
KFC Canada is making decisions faster and more accurately with enterprise analytics.
- 1 day ago 2 Jun 20, 5:00am -
Build-A-Bear Workshop turnaround stalled by COVID-19
Build-A-Bear Workshop lost its growing momentum in the first quarter as it closed its stores, famous for their high-touch and interactive environments, early on in response to the COVID-19 pandemic.
- 1 day ago 2 Jun 20, 5:00am -
Merchants report big decline in debit/credit card volume amid COVID-19
One-quarter of all merchants experienced a drop of more than 56% in April card volume as compared to February, according to data released by The Strawhecker Group.
- 1 day ago 2 Jun 20, 5:00am -
Alibaba adds services to attract small businesses
China's Alibaba Group is unveiling new solutions — including programming virtual trade shows — aimed at getting small-to-mid-sized U.S. businesses to buy and sell products on its e-commerce platform.
- 1 day ago 2 Jun 20, 5:00am -
Decathlon turns stores into fulfillment centers
The world’s largest sporting goods retailer is keeping its U.S. stores in the game during the COVID-19 pandemic.
- 1 day ago 2 Jun 20, 5:00am -
Survey reveals how online grocers can compete with Amazon
Grocery shoppers are visiting Amazon more during the COVID-19 pandemic, but will respond to certain e-commerce features.
- 1 day ago 2 Jun 20, 5:00am -
Dick’s swings to loss but online surges; sees improving Q2 conditions
Dick's Sporting Goods Inc. swung to a first-quarter loss as closed stores took a big toll on sales.
- 1 day ago 2 Jun 20, 5:00am -

Retail Dive

newLowe's launches video tool geared toward professionals
Targeting its pro clientele, the home improvement retailer introduced "Lowe's for Pros JobSIGHT," which allows them to virtually serve their customers.
- 16 hours ago 2 Jun 20, 4:28pm -
newBrands scramble to make statements as protests continue
But how those messages are received depends on the core values of the business, experts say.
- 16 hours ago 2 Jun 20, 4:17pm -
newStitch Fix to lay off 1,400 employees
The company is letting go of its California stylists as it moves to hire around 2,000 in other parts of the country.
- 17 hours ago 2 Jun 20, 3:48pm -
newPinterest adds shopping feature to visual search
A new Shop tab in Lens gives mobile marketers a way to showcase items in Product Pins when users are most ready to buy.
- 17 hours ago 2 Jun 20, 3:14pm -
newBankrupt Neiman Marcus breached its loan terms, lender says
Deutsche Bank raised concerns that inventory backing the luxury retailer's asset-based credit line was overvalued by tens of millions of dollars.
- 18 hours ago 2 Jun 20, 2:43pm -
newCostco will revive store sampling this summer
The club retailer, which saw U.S. store traffic decline 2% in Q3, hopes to spur shopper interest by bringing back fundamental parts of its store experience.
- 18 hours ago 2 Jun 20, 2:31pm -
newReopening in the home category
From single-use slipcovers over furniture to appointments for shopping, retailers in the space must navigate how to resume operations.
- 18 hours ago 2 Jun 20, 2:24pm -
Nike calls on America to confront racism in new video
The ad inverts the brand's classic slogan, "Just Do It," by calling on people to "For Once, Don't Do It," when it comes to pretending there isn't a problem.
- 2 days ago 1 Jun 20, 7:34pm -
Retailers respond to weekend protests
Target and Nordstrom closed stores after locations were damaged, but focused their statements on support for the protestors' cause.
- 2 days ago 1 Jun 20, 4:55pm -
Tractor Supply plans first mobile app
Over 70% of the retailer's online traffic is coming from mobile devices, and the company's tech efforts are aimed at improving that shopping experience.
- 2 days ago 1 Jun 20, 4:03pm -