As retail sales roar back from the brink, the public narrative has subtly shifted from apocalypse to a renaissance. And while there have been some impressive gains in the overall growth of e-commerce during the pandemic, the overwhelming majority of these new retail sales are coming from brick-and-mortar stores. So while the convenience of home…
Lowe's and Petco have announced a partnership for a store-in-store pilot that will bring pet supplies and services to the home improvement retailer's customers. The first Lowe's + Petco store-in-store will launch in Alamo Ranch, Tex. in early February, with 14 additional locations coming to Texas and the Carolinas by the end of March. Available services…
The first Amazon Style store, located in the Los Angeles suburb of Glendale, California, will open its doors later this year, the company announced Thursday. The store will feature women’s and men’s apparel, shoes, and accessories from a mix of well-known and emerging brands, with prices catering to a wide range of shoppers. At roughly 30,000 square…
The growth of local supermarkets, an increase in the use of e-commerce for food and CPG products, and a focus on value were just three of five trends born during the pandemic that are here to stay, at least according to Steven Williams, CEO of PepsiCo Foods. Williams, who oversees all aspects of PepsiCo’s nearly…
If we’ve learned one thing over the last two years, it’s that predicting the future is nearly impossible. After all, few of us could have anticipated a need to stock up on face masks and basics such as toilet paper before March 2020. While the specifics are difficult to foretell, there are trends that we…
The theory goes that consumers come in two varieties: those who shop with a focus and those who browse at leisure. It’s a tidy split. However, shoppers aren’t so tidy in practice. They switch between purpose and leisure as easily as they glide between online and offline. Many retailers accommodate various types of shoppers by…
Big Lots on Monday said that it could open 500 net stores, or more, in the coming years, according to a company press release. The retailer plans to add more than 50 net new stores in 2022, and more than 80 per year after that, according to an investor presentation. The store openings, together with…
Savage X Fenty, the direct-to-consumer lingerie brand founded by Rihanna, will open its first brick-and-mortar retail location in Las Vegas later this month, according to an Instagram post by the entertainer-entrepreneur published on Friday. Savage X Fenty, a lingerie brand that emphasizes confidence and inclusivity, is a joint venture between Rihanna and TechStyle Fashion Group. The brand also…
There were a host of difficulties plaguing retailers this past holiday season, including inventory shortages, production issues and shipping constraints, to name a few. The most notable shortage, however, was on the labor front. As of July 2021, the number of retail job openings peaked at 1.2 million, compared to 876,000 during the same period…
Drugstore chain Rite Aid said Tuesday it plans to shutter at least 63 stores as it reassesses how many locations it needs, reports CNBC. The closures are part of a process that began in November and is expected to add $25 million in annual EBITDA, the company said in its latest earnings release. A list…
