July 21, 2021
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Ulta to open first mini-shops in Target next month
(Target)
Ulta Beauty will open its first mini-shops inside Target stores next month, with plans to open more than 100 by year's end and to eventually reach 800 shops. Ulta will sell more than 50 prestige makeup, skin care and hair care brands in the shops and through Target's e-commerce site, and the partnership is focused on drawing new shoppers and increasing shopping trips and loyalty.
Full Story: CNBC (7/21) 
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The Key to Pricing and Promotion
Learn how essential merchandisers identify price changes, see how these changes affect contracts, queue them up for review & negotiation and sign-off vendors. This retail giant does all this in hours instead of days. Read Now
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Industry Watch
NRF: Families to spend record $37.1B on back-to-school
(Justin Sullivan/Getty Images)
Back-to-school spending will reach a new record this year, with families with school-age children expected to spend a total of $37.1 billion, up from $33.9 billion last year, according to NRF's annual survey conducted with Prosper Insights & Analytics. Families shopping for kids in kindergarten through high school will spend $848.90 on average, the survey found.
Full Story: Women's Wear Daily (subscription required) (7/19) 
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Sleep products seller Casper will open its first branded brick-and-mortar shop inside Bed Bath and Beyond's renovated Manhattan flagship, which reopens this week. The move is part of a larger partnership between the retailers that will also include adding Casper experiences at more Bed Bath and Beyond stores and selling Casper products at Bed Bath and Beyond stores nationwide and online.
Full Story: CNBC (7/20) 
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The Fresh Market files IPO to return to public trade
(Miosotis Jade/Wikimedia Commons)
The Fresh Market, which was publicly traded between 2010 and 2016, is filing for an initial public offering again. The company looks to initially raise $100 million and pay down debt that totaled nearly $1 billion on Jan. 31.
Full Story: Winsight Grocery Business (7/20) 
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Connecting the digital + physical worlds in retail
While the recent surge in digital interactions will remain, consumers now crave in-person interaction – which makes connecting the two more important than ever for retailers. This on-demand webinar explores the implications of the Covid-19 digital surge for retailers and how reimagining retail digital transformation can augment human interactions. Watch now
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Retail Trends
The majority of US schools are slated to resume in-class learning following pandemic lockdowns, and retailers and brands are vying for their share of parents' back-to-school budgets, with back-to-school spending expected to reach a record $37.1 billion and back-to-college spending expected to reach a record $71 billion, according to NRF. OshKosh B'gosh launched a multimillion-dollar campaign with a new focus on digital video, while Dick's Sporting Goods is inviting TikTok creators to a store "Lock In" to create content.
Full Story: Ad Age (tiered subscription model) (7/20) 
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Victoria's Secret is in the midst of a rebrand that includes replacing Angels with brand ambassadors, refreshing stores with new features like plus-size mannequins and exploring off-mall retail, but the company said its famous fashion show is not dead yet. Victoria's Secret held its last annual fashion show in 2018 after nearly two decades, and the retailer plans to bring it back in the future with a focus on cultural relevance.
Full Story: CNBC (7/19) 
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Boost performance with omnichannel analytics
Advanced analytics take behavioral, preferential and descriptive insights and combine them with data science to allow for true customer intimacy. Has your retail business achieved such intimacy? In this SmartFocus, learn about the real-world applications of advanced analytics based on the experiences of Spanish clothing brand Desigual and food maker Goya. Download now
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NRF News
The bipartisan infrastructure bill being discussed in Congress does not amount to enough spending in the short run to add to overall inflation. Spending on infrastructure investments is a slow process requiring coordination at federal, state and local government levels, NRF Chief Economist Jack Kleinhenz writes. Learn more.
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Families with children in elementary through high school plan to spend an average of $848.90 on school items this year. Source: NRF's Annual 2021 Back-to-School Survey, conducted by Prosper Insights & Analytics.
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Join NRF Chief Economist Jack Kleinhenz and Senior Director for Industry and Consumer Insights Katherine Cullen as they discuss expectations for the back-to-school season. Kleinhenz and Cullen will provide an overview of the state of the economy heading into Q3 and an update on NRF's latest data on consumers' shopping and spending plans in preparation for the start of fall classes. Register now for this webinar, taking place Wednesday, July 28 at 12 p.m. ET!
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Chain Restaurant News
The return of lunch business and continued off-premises sales have sparked optimism from Chipotle Mexican Grill CEO Brian Niccol, who plans to grow the chain to 6,000 units in North America. The company expects double-digit sales growth in the third quarter, but finance chief Jack Hartung expressed concern about food and freight costs, despite recent menu price increases meant to offset rising costs.
Full Story: Reuters (7/20),  Nation's Restaurant News (free registration) (7/20) 
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