Gap, Kanye West to create Yeezy Gap fashion brand | Story founder ends her chapter at Macy's | Albertsons CEO: Food spending shifts here to stay
June 29, 2020
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Gap, Kanye West to create Yeezy Gap fashion brand
West (Dimitrios Kambouris/Getty Images)
Gap will partner with Kanye West and his Yeezy fashion label to launch Yeezy Gap, a new apparel line set to roll out in the first half of next year. The partners have signed a 10-year deal to develop the line of styles for men, women and kids, with expectations that the brand will be driving $1 billion in annual sales five years in.
Full Story: The New York Times (tiered subscription model) (6/26) 
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Digital Payments: A Roadmap for the Future
Join experts from Rapyd, Santander InnoVentures and Accenture for a webinar tomorrow as they discuss trends and technologies driving digital payment during and following the pandemic. Learn which factors to consider when upgrading or instituting online payment options, as well as opportunities to navigate recovery and expand both customer loyalty and revenue streams. Register now
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Industry Watch
Rachel Shechtman has exited her role as Macy's brand experience officer as the retailer shifts its focus from new concepts to omnichannel retail and existing stores amid the pandemic. Shechtman joined Macy's when it acquired Story, her experiential retail concept, two years ago and last year she helped create the Market by Macy's concept.
Full Story: Women's Wear Daily (subscription required) (6/26) 
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Albertsons CEO: Food spending shifts here to stay
(Albertsons)
Albertsons CEO Vivek Sankaran says many of the new food shopping trends brought on by the ongoing pandemic aren't going away any time soon, particularly when it comes to more people cooking and eating at home. Speaking after Albertsons' IPO on Friday, Sankaran also discussed the sales momentum generated by the pandemic, saying the company's agility helped it weather the initial storm and it's now preparing to take advantage of lingering changes in customer behavior.
Full Story: Fox Business (6/26),  Winsight Grocery Business (6/28) 
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H-E-B reinstates sales caps on some items
(H-E-B)
In a bid to head off potential shortages as coronavirus cases continue to spike in Texas, H.E. Butt Grocery has reinstated purchase limits on several essential items, including toilet paper, paper towels and hand sanitizer. The grocer said in a statement that "stores are in strong supply and we continue to restock products daily," adding that capping sales of some items is a proven way to help ensure there will be enough for all customers.
Full Story: KPRC-TV (Houston) (6/29) 
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Retail Trends
Black-owned retailers in Minnesota's Twin Cities have seen a surge in business in the wake of the protests that followed the killing of George Floyd. "I just really hope that they keep this same energy," said Gigi Berry, the owner of Gigi's Flair Emporium, who has a waiting list of about 900 orders for her "Black Lives Matter" pins and other items.
Full Story: Star Tribune (Minneapolis-St. Paul, Minn.) (tiered subscription model) (6/28) 
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Malls and their retail tenants are working closely on new features and formats designed to drive traffic safely as centers and stores reopen. At Boston Seaport, the focus is on maximizing the use of outdoor space for dining and events, and the mall and others have dedicated parking lot areas for curbside pickup.
Full Story: Modern Retail (tiered subscription model) (6/29) 
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Retail Technology
Meijer app will boost access for low-vision shoppers
(Nicholas Eckhart/Flickr)
Meijer shoppers who are blind or have low-vision issues can now use the Aira app for free to get help during their grocery shopping trips. The app can assist customers with things such as reading product labels or in-store signs.
Full Story: Progressive Grocer (6/25) 
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NRF News
Leadership challenges, workforce lessons and adapting for the consumer with Lowe's Marvin Ellison
NRF President and CEO Matthew Shay and Lowe's President and CEO Marvin Ellison will discuss leadership challenges and opportunities, rapidly changing consumer preferences in home improvement and workforce skills needed in a time of unprecedented digital acceleration in the next Retail Leadership Series conversation Wednesday, July 1 at 11 a.m. ET. Register now.
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Consumers are expected to spend $6.52 billion on food for Independence Day this year. Source: NRF.
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Eddie Garcia, senior vice president and chief product officer for Sam's Club, leads the teams that create new tools to help customers and associates maintain a high level of service. He shares the pivots that Sam's Club has made in order to adapt to members' needs, and what he expects will continue to change when the pandemic is behind us in this new episode of the Retail Gets Real podcast. Listen and subscribe.
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Chain Restaurant News
McDonald's donated BET Awards ads to Black community
(Dan Kitwood/Getty Images)
McDonald's handed over the majority of its Sunday evening media buy during the BET Awards to Black business owners and activists with spots featuring individuals such as The Lip Bar founder and CEO Melissa Butler and photographer Mark Clennon. The brand also aired a "Dreams" spot from Burrell Communications Group that highlights its commitment to the Boys & Girls Club of America and is set to a version of "To Be Young, Gifted and Black" by Nina Simone.
Full Story: Ad Age (tiered subscription model) (6/28) 
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