New 7-Eleven format focuses on innovation | Costco CFO: Fresh food has been a key to sales success | Herman Miller stores home in on home offices
November 20, 2020
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New 7-Eleven format focuses on innovation
(Scott Olson/Getty Images)
Convenience store operator 7-Eleven has opened its second Dallas-area Evolution Store, a concept store designed to let shoppers test new innovations and products. The format, which has also been introduced in San Diego, New York and Washington, D.C., features expanded self-serve food and beverage options, touch screens for ordering, and mobile and contactless payment options.
Full Story: Dallas Innovates (11/19) 
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Industry Watch
Costco CFO: Fresh food has been a key to sales success
(Nicholas Kamm/Getty Images)
Costco has been thriving in the pandemic and Chief Financial Officer Richard Galanti attributes the wholesaler's robust performance to five key factors, including its belief that e-commerce won't wholly define the future. Galanti also cited fresh food sales' importance to Costco's 2020 success, along with its membership program and large stores that help shoppers with social distancing and allow them to buy more on each trip.
Full Story: Winsight Grocery Business (11/19) 
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Office furniture retailer Herman Miller is opening new stores in New York City and Los Angeles this month that will focus on work-from-home trends. The 1,500-square-foot stores will give shoppers a chance to try out the company's high-end ergonomic chairs before spending $500 or more to buy one online, Herman Miller Retail President Debbie Propst said.
Full Story: The Wall Street Journal (tiered subscription model) (11/18) 
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Macy's could be required to temporarily close some stores around the country, as COVID-19 cases continue to rise, CEO Jeff Gennette said. The retailer reported a 27% increase in online retail during the third quarter, while flagships in areas that typically bring in tourists and office workers such as the New York City Herald Square store have felt the pandemic's pinch.
Full Story: CNBC (11/19) 
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Retail Trends
More than half (59%) of consumers surveyed earlier this month said they had already begun their holiday shopping, and 42% reported starting earlier than usual this year, according to a survey from NRF and Prosper Insights & Analytics. Black Friday remains an important marker for the holiday shopping season, but retailers are spreading out deals to accommodate shoppers in the pandemic.
Full Story: Forbes (tiered subscription model) (11/19) 
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Sprouts' growth will endure after pandemic, CEO says
(Sprouts Farmers Market)
Focusing on employee safety and seeking out its target customers have helped Sprouts Farmers Market weather the pandemic and will enable the grocer to continue the growth that saw the opening of 20 new stores so far this year. CEO Jack Sinclair said the strategy is helping to set Sprouts apart from other food retailers and cited future plans to open smaller stores that are closer to its distribution centers.
Full Story: Supermarket News (free registration) (11/19) 
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Featured Content
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Shoppers use smartphones from grocery list to checkout lane
US consumers are increasingly using mobile devices when shopping for food and household items, relying on smartphones when making lists, accessing loyalty cards and redeeming coupons. Acosta's "The Mobile-ization of Grocery Shopping" report breaks down shoppers' mobile behaviors and offers advice on how retailers can create a mobile-friendly shopping experience. Read more.

    Retail Technology
    Smart & Final has rolled out the Zenput platform at all of its stores to coordinate better communication, track daily work assignments and improve in-store operations. The technology is used by store employees to address tasks that range from inventory management to store sanitation, helping the grocer's flexibility and ensure that standards are being maintained, said Smart & Final's Sean Mahony.
    Full Story: Progressive Grocer (11/19),  Winsight Grocery Business (11/19) 
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    NRF News
    Join Dr. Condoleezza Rice, the 66th US Secretary of State and national security adviser, in a candid conversation as she discusses her faith in America's core values constituting the foundational strength of foreign policy, socioeconomics, education and the empowerment of women. Learn more and register now. This is an off-the-record session and closed to the press.
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    About 23% of consumers plan to make their holiday purchases at a small or local business this year. Source: NRF and Prosper Insights & Analytics October 2020 Consumer Holiday Survey.
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    The NRF Foundation's inaugural All Access program wrapped up this week with Macy's Chairman and CEO and NRF Foundation Board Chair Jeff Gennette. Read his thoughts on what opportunities the retail industry has to offer.
    Full Story: NRF Foundation (11/19) 
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    LEARN MORE ABOUT NRF:
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    Chain Restaurant News
    Jack in the Box is back in growth mode after reporting its strongest quarterly performance in 26 years. Third-quarter same-store sales grew 12.2% on higher average checks, the company reported, and Jack in the Box has unveiled smaller store prototypes, including the option for drive-thru only units.
    Full Story: Nation's Restaurant News (free registration) (11/19) 
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