Best Buy is forecasting a strong holiday season after a better-than-expected third quarter, fueled by features including free next-day delivery and expansion into new product and service categories. The retailer raised its full-year guidance after reporting a 2% third-quarter same-store sales increase.
Dick's Sporting Goods has launched a 90-second spot called "The New Kid" that uses CGI live-action technology to bring a new sneaker and the rest of the store's inventory to life after hours. The retailer raised its forecast after reporting its strongest quarterly revenue gains in six years.
Publix announced it will donate $2 billion in food over the next 10 years as part of its food-recovery program that goes to more than 100 Feeding America food banks and other nonprofits. Fresh Thyme Farmers Market is continuing its four-year partnership with Vitamin Angels, which supplies vitamins to pregnant women and children worldwide, by asking customers to round their purchases up to the next dollar.
Barneys New York was instrumental in promoting once-emerging fashion brands including Azzedine Alaia and Giorgio Armani. Now that the retailer has filed for bankruptcy and is shutting down its operations, fledgling designers must find new springboards and many are exploring direct-to-consumer models that give them more control.
2019 Holiday Shoppers Insights Join retail experts from Netsuite, Deloitte, and the jewelry brand, Pura Vida, on Wednesday, November 13. They will discuss what's in store for executing this year's holiday shopping season, what insights retailers should look forward to gleaning from holiday shoppers, how they can use those insights in 2020, and what trends retailers can look forward to next year. Register now.
Connecting digital and physical retail with features like click-and-collect and curbside pickup are winning customers who want to choose how they shop, said Jamie Nordstrom, Nordstrom's president of stores. "It's the single fastest-growing part of our business," he said.
The cost of a Thanksgiving turkey dinner has held steady from last year, rising just one cent to $48.91 for 10 people, according to the American Farm Bureau Federation. Prices for stuffing, turkey and pumpkin pie mix dipped slightly from last year, while items including rolls, sweet potatoes and milk saw prices increase.
Cosmetics retailer Lush has created open-source point-of-sale software that offers new functions for personalizing transactions and updates sales and product information in real time. The software has rolled out to 110 Lush stores in Europe and Japan, and it's available to other retailers via GitHub.
NRF is expecting around 165 million consumers to head out to their favorite stores with family, shop from their phones between turkey and pumpkin pie, and visit their favorite local shops. And while consumers seem to be spreading their shopping out over November and December, Thanksgiving weekend is still one of the high points of the holiday season. Get a quick glimpse of this year's holiday consumer in this infographic. Read more.
When it comes to protecting consumer information, retailers need a collaborative approach to cybersecurity. At NRF 2020 Vision: Retail's Big Show in New York City in January, retail cybersecurity leaders including Target's Chief Information Security Officer Rich Agostino will discuss the importance of strong industry cybersecurity collaboration and the power of joint cyberintelligence to fight criminals together. Learn more and register.
Cracker Barrel will convert six units of the Holler & Dash fast-casual concept it created in 2016 to Maple Street Biscuit restaurants by next spring. Cracker Barrel, which paid $36 million for the 33-unit Maple Street Biscuit chain in October, will also open one new Maple Street eatery.