Inside Amazon's L.A. grocery concept | Home improvement stores, eateries boosted Jan. retail sales | NRF's calculation, which excludes car dealers, gas stations and restaurants, shows that sales during January were up 2.7% over January 2019. Read more.
Amazon is building the first location of its new grocery concept in a Los Angeles shopping center with plans to open more stores this year. The store boasts an area for order pickup and returns near the entrance, but the rest of the facility closely mimics a typical supermarket.
US retail sales grew 0.3% in January over the previous month, according to the Commerce Department, and sales were up 4.4% over January 2019. Sales at home-improvement stores rose 2.1% month-over-month, and bar and restaurant sales grew 1.2%.
Delta Value Group Investment Partnership has acquired an 8% stake in retailer Tuesday Morning for nearly $5.9 million. The firm, which started buying shares in December, said it aims to act as an activist investor with an eye on possibly acquiring the rest of Tuesday Morning's shares.
Wegmans is expanding delivery to all of New York City's Manhattan borough through a partnership with Instacart. The region "represents a growing percentage of our sales, and with larger delivery radiuses, we're able to reach more customers in New York, and other markets where traffic and transportation prohibit customers from coming to us," says Erica Tickle, Wegmans' director of e-commerce.
Compete with top retailers in 2020 As competition becomes fiercer, retailers have started adopting artificial-intelligence-based technologies and data-driven approaches to serve shoppers the right prices to make the sale. Read this report to learn the challenges retailers and brands face in devising and implementing effective pricing strategies and more.
In an effort to bring in more customers by offering an experience they can't get online, retailers such as Nordstrom and Crate & Barrel are offering alcoholic beverages for customers while they browse. Wines by the glass and $17 cocktails are poured at the Shoe Bar at Nordstrom's new flagship store in New York City while a Chicago-area Crate & Barrel lets shoppers sip mezcal-based cocktails; shoppers at the Napa Valley, Calif., RH can opt for a $100 tasting in a wine vault.
Retail centers in The Woodlands, Texas, area are embracing entertainment options to draw customers. Two entertainment-anchored shopping centers opened in Creekside Park West and Shenandoah last year, and a 14-acre development called Regal Benders Landing will open this summer with a Regal theater as its anchor.
Having a strategy for introducing or expanding online ordering can help retailers take advantage of the opportunities presented by online grocery shopping. Online ordering can enable retailers to expand their reach, appeal to specific shoppers and even increase impulse buys. Learn how.
Online grocery spending is projected to triple by 2023 to $74 billion, according to Acosta research. As more consumers turn to online ordering, retailers have a growing opportunity to reach a greater number of shoppers and boost sales by appealing to specific needs. Read more.
Walmart and other retailers, including Target, are adding to their stable of self-checkout machines, though the technology still comes with its own set of challenges. Walmart has removed its machines' weight sensors in favor of cameras that help detect thieves, while also reducing customer irritation and "wait for assistance" messages.
It's not just who gets celebrated on Valentine's Day that's changed, but also what's being given. This year, 28% of consumers are planning a gift of experience, with the number jumping to nearly half among millennials between the ages of 25 and 34. NRF's research team addresses three common assumptions about how Valentine's Day is celebrated. Read more.
Top brands in retail, as well as federal, state and local law enforcement agencies, will talk about the latest in loss protection at the NRF PROTECT 2020 conference. In addition, more than 200 cybersecurity companies will show their products and services. Today is the last day to lock in the preview rate.
Famous Dave's parent BBQ Holdings has a deal to acquire Granite City Food and Brewery, which filed for Chapter 11 bankruptcy protection two months ago. In a separate deal, Landry's will buy three of Granite City's four Cadillac Ranch restaurants.