Macy's, Kohl's unveil holiday-themed shops, pop-ups | Target expands annual pre-Black Friday sale to 2 days | CVS plans 22 store closures in 2020
November 7, 2019
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Macy's, Kohl's unveil holiday-themed shops, pop-ups
Macy's, Kohl's unveil holiday-themed shops, pop-ups
(Eugene Gologursky/Getty Images)
Macy's has unveiled a "Home for the Holidays" theme at its 36 in-store Story locations this season, featuring more than 900 gift ideas from hundreds of small brands. Kohl's will kick the holiday season into high gear this weekend with a pop-up concept in New York City to highlight recent designer partnerships and give shoppers the chance to snap virtual selfies with Vera Wang.
CNBC (11/6),  The Business Journals (tiered subscription model)/Cincinnati (11/6) 
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Sourcing Sorcery: what is the right tech?
Supply chain visibility and control are key to growing your business. Discover how the right strategies and technologies can ensure your company makes sourcing decisions based on reliable data and optimized processes. Read the article here.
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Industry Watch
Target expands annual pre-Black Friday sale to 2 days
Target expands annual pre-Black Friday sale to 2 days
(Alex Wong/Getty Images)
Target has expanded its Black Friday preview sale to two days, and will hold the event this Friday and Saturday, a week later than last year's sale. Thanksgiving falls later in the month this year than last, and the shorter season between the winter holidays has some retailers kicking off the shopping season earlier and others waiting longer to start.
Star Tribune (Minneapolis-St. Paul, Minn.) (tiered subscription model) (11/6) 
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CVS plans 22 store closures in 2020
CVS Health will close 22 underperforming stores, or less than 1% of its 9,900 locations, next year, the company said. "Our real estate footprint remained very productive, and we will look for opportunities to further improve the performance in our portfolio," Chief Financial Officer Eva Boratto said.
USA Today (11/6) 
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T-Mobile store staffers can put preferred pronouns on name badges
T-Mobile store staffers can put preferred pronouns on name badges
(Justin Sullivan/Getty Images)
T-Mobile will allow store employees to add their preferred gender pronouns to their name tags, and staffers also have the option of adding the phrase "ask me my pronouns." Other companies are making similar moves toward inclusiveness, including IBM, which lets employees include their pronouns in company directories.
BNN Bloomberg (Canada) (11/6) 
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Top 10 Sourcing Challenges Facing Private Brands Today!
In a recent independent survey conducted by the Global Sourcing Society Institute, over 400 retail professionals weigh in on the value of private brands, reveal the impacts of technology disruptions and uncover the sourcing challenges of globalization. Download the white paper now!
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Retail Trends
Prada loan ties interest rate to sustainability goals
Fashion house Prada has secured a $55 million loan with Credit Agricole Group, with an interest rate that will go down as the brand achieves specific sustainability goals. Prada's Re-Nylon project uses nylon made from recovered plastic, and the goals also include making stores more eco-friendly and holding employee education workshops.
The Associated Press (11/5) 
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Pandora puts the focus on discovery with new store format
Pandora puts the focus on discovery with new store format
(Jamie McCarthy/Getty Images)
Pandora Jewelry will unveil a new experience-focused concept store in Paramus, N.J., as part of a push to revive slowing sales. The store features an area where customers can discover the stories behind bracelet charms, an engraving station and a section to show off what's trending.
Glossy (tiered subscription model) (11/7) 
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Pharmacy chains look for ways to counter growing competition
US pharmacies are looking for ways to counter growing competition from online and new competitors, with the latest move coming from Walgreens Boots Alliance, which reportedly is looking at going private. CVS Health and Walgreens plan to close stores, while Costco and Instacart said they will test a free one-hour prescription delivery service in California and Washington state.
Reuters (11/5),  BNN Bloomberg (Canada) (11/6),  CNBC (11/6) 
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2019 Holiday Shoppers Insights
Join heads of retail from Netsuite, Deloitte, and the jewelry brand Pura Vida for an on-demand webinar. The experts 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. Watch now.
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Retail Technology
Colo. 7-Eleven stores add CBD-dispensing robots
Select 7-Eleven stores in Colorado now feature robots that dispense CBD products. The machines were created by greenbox Robotics, and greenbox will curate the selection of CBD products available at 7-Eleven stores.
Forbes (11/5) 
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87% of grocers to focus on personalized promotions
U.S. shoppers increasingly expect personalized retail experiences, so personalization opportunities are shifting rapidly to digital. Learn shoppers' and retailers' perspectives on digital in food retailing based on our recent research with IDC. Download the report!
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NRF News
NRF Foundation recognizes industry leaders impacting today's retail
The NRF Foundation on Thursday announced members of The List of People Shaping Retail's Future 2020, who will be recognized Jan. 12 at the NRF Foundation Honors during NRF 2020 Vision: Retail's Big Show in New York City. Learn more about the honorees.
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NRF SmartStat: Nov. 7, 2019
Consumers surveyed say they will spend an average of $162 on purchases of non-gift items this holiday season. Source: NRF.
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Cybersecurity at NRF 2020 Vision: Retail's Big Show
A workshop sponsored by Deloitte will provide retail business leaders and information security experts with strategic insights on cybersecurity threats at NRF 2020 Vision: Retail's Big Show in New York City. The Jan. 15 workshop will address how to mitigate cyber-related risks and will feature in-depth discussions about major cybersecurity challenges facing the retail industry. See the agenda and register to attend.
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Chain Restaurant News
Bloomin' Brands considers putting itself up for sale
Bloomin' Brands, the parent of restaurant chains including Outback Steakhouse and Carrabba's Italian Grill, said it will explore strategic options including a possible sale of the company. The company's share price hasn't kept up with the value added through changes made at Bloomin' in recent years, and a sale could maximize value for shareholders, CEO David Deno said.
Restaurant Business online (11/6),  Nation's Restaurant News (free registration) (11/6) 
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