Nordstrom family makes a new $3.8B bid to go private | Best Buy, NBC debut NFL campaign with spokeshologram | Chipotle, Spirit Halloween launch meme-inspired costumes
September 5, 2024
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Nordstrom family makes a new $3.8B bid to go private
(Saul Loeb/Getty Images)
Erik and Pete Nordstrom have collaborated with El Puerto de Liverpool, a Mexican retail group that acquired about 10% of the retailer's shares two years ago, to propose a $3.8 billion buyout offer that would take the company private at about $23 per share and give the Nordstrom family a 50.1% ownership stake.  A committee of the Nordstrom board will review the offer, which is lower than a 2018 buyout bid by the family members.  Nordstrom began life in 1901 and remained privately held for seven decades, and the move to go private again now aligns with a broader trend of retailers seeking private ownership to enable strategic overhauls.
Full Story: Glossy (tiered subscription model) (9/5),  The Washington Post (9/4),  The Wall Street Journal (9/4) 
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Industry Watch
Best Buy, NBC debut NFL campaign with spokeshologram
Best Buy has partnered with NBCUniversal to kick off the NFL season with a new campaign featuring custom ads starring NBC Sports talent such as Maria Taylor, Mike Tirico and Chris Simms. The campaign, which showcases tailgating and game-watching products, also marks the debut of Gram, Best Buy's new spokeshologram, in in-store displays and ads running across NBC and Peacock. 
Full Story: Adweek (9/5) 
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Chipotle Mexican Grill and Spirit Halloween have collaborated on a collection of meme-inspired bodysuit costumes that will be available online and at certain Spirit Halloween stores starting Friday.  The costumes, which give fans options for dressing up as a Chipotle fork, napkin, burrito, water cup or to-go bag, are part of Chipotle's Boorito promotion, which significantly increased sales last Halloween, and Spirit Halloween's growth plans, which include expanding its footprint to 1,525 stores.
Full Story: MediaPost Communications (free registration) (9/5),  CNN (9/5) 
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Dick's Sporting Goods is expanding its lifestyle offerings by investing in full-service footwear decks with popular brands like On and Hoka to attract younger consumers and drive post-pandemic market share gains. Dick's is also offering Lotto's new Leggenda collection online and in stores, and the Italian sports brand has signed Major League Soccer's Kellyn Acosta as an ambassador to grow its US presence.
Full Story: Footwear News (9/4),  Footwear News (9/4) 
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ALDI plans to add 13,000 members to its workforce
(SOPA Images/Getty Images)
ALDI is hiring more than 13,000 new employees to prepare for the holiday season and to support its plans to open 800 new stores in the US in the next five years. "Our ability to attract and retain talent has always been key to our success," said Atty McGrath, president, Aldi USA.
Full Story: Store Brands (9/4) 
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Retail Trends
Stanley maintains growth momentum with lunch box plans
(Ucg/Getty Images)
Under the leadership of new president Matt Navarro, Stanley 1913 has maintained its momentum from the viral popularity of its Quencher water bottles, achieved record sales for four years and is expanding its product line to include lunch boxes and food jars. Stanley products are sold at major US retailers like Target and in branded stores in some international markets. "As we're developing our long-range plan, we are certainly considering what Stanley retail could or should look like in the future," Navarro says.
Full Story: Fortune (tiered subscription model) (9/4) 
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IKEA's test of a peer-to-peer resale platform among members of its IKEA Family scheme in Oslo, Norway, and Madrid has proven popular in its early days and is likely to expand to new markets and more customers, says IKEA global retail boss Tolga Oncu. The marketplace is free to use and doesn't generate revenue for the retailer directly, but it does have the potential to provide valuable data to help it improve its products and gain insights into its customers' shopping habits.
Full Story: Retail Gazette (UK) (9/4) 
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Retail Technology
Grabango has partnered with ALDI, Circle K, Chevron and 7-Eleven to provide a checkout-free solution based on computer vision, and CEO Will Glaser said his desire in developing the offering was to provide something that could be done repeatedly and profitably. Glaser said his first love is technology, causing him to first ask himself if something is technologically possible and then question if it makes business sense.
Full Story: Progressive Grocer (9/4) 
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Grocery Outlet is ranked No. 19 on NRF’s 2024 Hot 25 Retailers List. Source: NRF and Kantar.
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According to an American Express study, a majority (68%) of US consumers who use credit cards expect brands to send them personalized offers based on what they like. Several experts joined the stage at NRF Nexus to speak about some of today’s most apparent trends and insights in retail. Read more about these key topics including personalization, young consumers, auto-replenishment and live shopping.
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Chain Restaurant News
Noodles & Co. bets on nostalgia with Care Bears menu
(Noodles & Company)
Noodles & Company is teaming up with Care Bears, a toy brand that hit its peak popularity in the 1980s, for a special menu available until Sept. 9, in honor of the Care Bears' Share Your Care Day giveback event. The limited-time nostalgic offerings include the Care Bears Besties Meal and Share Your Care Junior Meal, which include collectible items.
Full Story: MediaPost Communications (free registration) (9/3) 
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