November 29 – Retailers Enjoy Better Black Friday, Cyber Monday but Discounting Deepens
Preliminary data released by business services provider Sensormatic Solutions, indicated a 2.9% increase in retail foot traffic on Black Friday, November 25, compared to 2021, while Adobe Analytics reported that online sales at $9.12 billion gained from $8.92 billion a year ago, good but not as good as Cyber Monday, which the firm puts at $11.3 billion versus $10.7 billion for the date in 2021. From: HomePage News
November 29 – Smart Home Products Gaining Traction Despite Uncertain Economy
Consumer spending on smart home devices grew in 2022, according to a new research report from global technology intelligence firm ABI Research, which suggests that developments are favoring adoption. From: HomePage News
November 28 – Online Black Friday Home Product Shoppers More Engaged in 2022
Despite Black Friday promotions beginning earlier than typical this year, retailers saw an 11% increase in day-of Black Friday site traffic, a 5% increase in the number of orders and a 1% increase in average order values versus the sales period a year earlier, according to a study from retail marketing platform Bluecore. From: HomePage News
November 28 – Nordstrom Posts Q3 Loss but Still Beats Street Estimates
Despite posting an unadjusted loss, Nordstrom managed to beat a Wall Street estimate on adjusted sales in its third quarter while topping a revenue estimate at the same time. From: HomePage News
November 28 – Kohl’s Pushes Promotional Program Through Christmas Eve
Kohl’s is minting its customer rewards, as Cyber Monday kicks off promotions with Kohl’s Cash as a particular attraction. From: HomePage News
November 23 Publix Only Runs a Few Small-Format Stores, but They’re a Hit with Shoppers
GreenWise Market, a chain of small-format specialty grocery stores operated by Publix, has generated more foot traffic at every location in Florida throughout 2022 on a year-over-year basis even as visits to the retailer’s traditional supermarkets in the state have consistently declined by the same measure, according to a recent report from data analysis firm Placer.ai. From: Grocery Dive
November 23 – Williams-Sonoma Rolls Out Designer Barware Collection
Just when winter comforts are coming into demand again, Williams-Sonoma is introducing a new barware collaboration with Billy Reid, four-time winner of the CFDA award from the Council of Fashion Designers of America. From: HomePage News
November 22 – Dick’s Sporting Goods Sees Sales Grow in Q3 2022
Dicks’s Sporting Goods’ latest quarter showed strong sales numbers, especially compared to 2020 and 2019. From: StoreBrands
November 22 – Macy’s Establishes Mini Distribution Centers at 35 Stores
The conversions, totaling around 1 million square feet of space, give the retailer a closer delivery presence to customers. From: Supply Chain Dive
November 22 – Best Buy Q3 Sales, Earnings Decline but Beat Wall Street Estimate
Best Buy sales and earnings tumbled in the third quarter, but they still came in ahead of a Wall Street estimate. From: HomePage News
November 22 – Dollar Tree Q3 Solid As Organizational Changes Proceed
Company-wide comps gained 6.5% in the period year over year. From: HomePage News
November 21 – H-E-B Capitalizes on Popularity with Branded Merch
Devoted H-E-B fans can now show their pride for their favorite Texas retailer by donning brand-centric merchandise such as T-shirts, socks, baby clothes, shoes, hats and more. From: Progressive Grocer
November 21 – Deloitte: More Spending from Black Friday to Cyber Monday
In all, eight out of 10 holiday shoppers plan to shop during those events versus 71% in 2021, according to Deloitte. From: HomePage News
November 18 – Ross Raises Q4 Guidance After Beating Q3 Expectations
Although Ross Stores sales and earnings in its third quarter couldn’t surpass prior-year totals, the off-price retailer managed to beat Wall Street estimates for the quarter. From: HomePage News
November 17 – BJ’s Reports Record Q3, Raises FY22 Guidance
Amid a spate of new store openings stretching from Indiana to New York, BJ’s Wholesale Club is sharing a positive earnings report for the third quarter ending Oct. 29.From: Progressive Grocer
November 17 – Macy’s Gennette Sees Progress, Growth Potential in Q3 Results
The luxury customer gave Macy’s a boost in the third quarter as the company’s prospects evolve given opportunities to leverage its upscale store concepts and execute against its omnichannel strategy with a mix of online and brick-and-mortar initiatives. From: HomePage News
November 16 – Lowe’s Gets Q3 Boost from Home DIY Spending
In a conference call, Marvin Ellison, Lowe’s chairman, president and CEO, said better-than-expected results got a boost from “nesting trends” with consumers traveling less as summer wound down and pro sales continued to gain. From: HomePage News
November 16 – Target Q3 Earnings Hit by ‘Discretionary’ Products Slowdown
Target experienced declining discretionary product purchasing in the third quarter, which hit earnings as customers shopped for everyday needs while shifting to bargain hunting for other goods. From: HomePage News
November 15 – QVC, HSN Launch Livestream Shopping on The Roku Channel
Qurate Retail Group’s QVC and HSN have launched on The Roku Channel, becoming the first livestream shopping channels on the free, ad-supported streaming TV (FAST) platform. From: HomePage News
November 15 – Ahold Delhaize USA CEO to Step Down
The Dutch supermarket operator intends to nominate JJ Fleeman, currently president of Peapod Digital Labs and chief commercial and digital officer of Ahold Delhaize USA, to fill the position and become a member of Ahold Delhaize’s management board, pending approval at the shareholder meeting in April. From: Grocery Dive
November 14 – Bed Bath & Beyond Reaches Additional Note Holder Deal
Bed Bath & Beyond announced it has entered into a second round of privately negotiated exchange agreements with several existing institutional note holders in a move to reduce long-term debt. From: HomePage News
November 14 – U.S. Online Grocery Sales Decline over 3% for October
Mass retailers picking up more supermarket cross-shoppers, Brick Meets Click finds. From: Supermarket News
November 14 – Buc-ee’s to Break Ground on Largest Travel Center
The Luling, Texas, store is being built next to the site it will replace. From: Convenience Store News
November 11 – Sally Beauty Sales Slip in Q4 as Store Closures Continue
Sally Beauty sales and profits slipped in its fourth quarter, but the company beat a Wall Street earnings-per-share estimate as the company continues closing stores. From: HomePage News
November 11 – IKEA to Invest $10M to Help Inflation-Strapped Staffers
IKEA parent Ingka Group has created a $10 million social fund to help staff members in all 31 of its global markets who need extra financial assistance due to increases in the cost of living. The funds will be distributed on a case-by-case basis to help employees pay for necessities like utilities and housing costs, and the company also said it will increase staff discounts on select inventory as a further benefit. From: NRF SmartBrief
November 11 – Weis Markets Promotes Maria Rizzo to Advertising/Marketing VP
Grocery industry veteran Ron Bonacci to retire at year’s end. From: Supermarket News
November 11 – Container Store Adds Former Bed Bath & Beyond Exec Shively
The Container Store Group named former Bed Bath & Beyond executive Stacey Shively chief merchandising officer and promoted chief information officer Dhriti Saha to COO. From: HomePage News
November 11 – Albertsons Again Must Hold Off on $4 Billion Special Dividend
Hearing set for next week on payment connected with Kroger merger deal. From: Supermarket News
November 11 – Williams Sonoma Collaborates With Britain’s Morris & Co.
Williams Sonoma has collaborated with the British heritage home furnishings brand, Morris & Co., for 36 patterned dinnerware, serveware, housewares and linens. From: HomePage News
November 11 – Sally Beauty Sales Slip in Q4 as Store Closures Continue
Sally Beauty sales and profits slipped in its fourth quarter, but the company beat a Wall Street earnings-per-share estimate as the company continues closing stores. From: HomePage News
November 10 – Bed Bath & Beyond Names Former Burlington Exec Sichel Chief Marketer
Bed Bath & Beyond is continuing to add new leadership to its turnaround effort with the appointment of Bart Sichel as executive vice president and chief marketing and customer officer. From: HomePage News
November 10 – Target Focusing on New, Larger Store Concept
To support its evolving corporate strategy, Target Corp. has unveiled a new 150,000-square-foot concept store that it will use as a basis for an update of brick-and-mortar operations. From: HomePage News
November 9 – Bed Bath & Beyond Makes Private Deal on Senior Notes
After ringing alarm bells about its finances, Bed Bath & Beyond has announced that it has entered into a privately negotiated exchange agreement with an existing holder of its 4.915% senior notes due 2034 and 5.165% senior notes due 2044 and will issue 2.8 million shares of common stock to the existing holder, the company announced. From HomePage News
November 9 – Amazon Sets Up China Counterfeiting Enforcement
Amazon announced that it has identified and disrupted three counterfeiting operations in China thanks to local Public Security Bureaus and intel provided by the company’s Counterfeit Crimes Unit. From: HomePage News
November 9 – Big Lots Adds Past TJX, PetSmart Execs as Chief Merchant, Marketer
Big Lots has announced the appointment of two new executives, with Margarita Giannantonio named chief merchandising officer and John Alpaugh chief marketing officer. From: HomePage News
November 8 – Grocery Outlet Names New CEOT
he company announced on Nov. 8 that R.J. Sheedy, currently the company’s president, will become president and CEO on Jan. 1. Current chief executive Eric Lindberg will transition to chairman of the board. From: Progressive Grocer
November 8 – Do it Best Names New Divisional Merchandise Manager
In this role, Myers will lead merchandising teams for the company’s paint, paint supplies, outdoor living, holiday, safety and general merchandise departments. From: Hardware Retailing
November 8 – Gass Leaves Kohl’s for Levi Strauss
Kohl’s board of directors announced that it had appointed member, Tom Kingsbury, to serve as interim CEO until a permanent successor is named. From: HomePage News
November 8 – Dollar General Debuts 100th Popshelf Store, Plans 1,000
Open and airy, Dollar General developed the Popshelf format to be more attractive to middle-class consumers than its dollar stores can be for some more affluent-than-average shoppers. From: HomePage News
November 8 – Executive Shakeup Makes Berger Tuesday Morning CEO
Bill Baumann, chief information and chief marketing officer, will succeed Katz as COO and, on an interim basis, Metcalf as chief merchant. From: HomePage News
November 7 – Macy’s Launches S.P.U.R Pathways to Boost Diverse Businesses
Macy’s is making a $30 million investment as S.P.U.R. Pathways moves to provide $200 million funding for underrepresented businesses, it noted. From: HomePage News
November 7 – Kohl’s Adds Sweepstakes to Holiday Promotions
Kohl’s has announced plans to give away more than $1 million in prizes to in-store shoppers on Black Friday, November 25, through its TGIBF! Sweepstakes. From: HomePage News
November 7 – Qurate Retail Hit by Impairment Charges, Economy in Q3
Qurate Retail took major impairment charges in the third quarter related to goodwill, the trade names of HSN and Zulily and recent performance, but the company still posted a loss after adjustment. From: HomePage News
November 4 – Masood Resigns from Bed Bath & Beyond
The SEC filing noted Masood’s resignation was not the result of any disagreement with the company on any matter relating to its operations, policies or practices or financial statements. From: HomePage News
November 4 – Sur La Table Readies for the Holidays with Tableware, Ornaments
For Christmas, Sur La Table’s is again offering culinary-themed holiday ornaments hand-made, painted and decorated in Poland and Germany. From: HomePage News
November 4 – Publix Q3 Sales Gain as Stock Market Impacts Earnings
Publix sales gained in the third quarter, but earnings fell because of a slide in equity securities. From: HomePage News
November 4 – NRF: Holiday Sales Will Grow 6% to 8% in 2022
NRF Chief Economist Jack Kleinhenz stated, “Despite record levels of inflation, rising interest rates and low levels of confidence, consumers have been steadfast in their spending and remain in the driver’s seat.” From: HomePage News
November 4 – H-E-B Opens 3 Stores on Same Day
H-E-B has opened three stores on the same day in Plano and in the Houston area. From: Progressive Grocer
November 3 – Office Depot Discusses Realignment After Tough Q3
Even as the company announced third-quarter earnings that fell short of a Wall Street estimate, ODP Corp. made its case to investors regarding how its realigned structure would drive financial advances. From: HomePage News
November 3 – Walmart+ Early Access Black Friday Deals Spotlight Electrics
As the holidays approach, Walmart is starting out November with deals starting with a Walmart+ membership for half price, $49, and launching Walmart+ Early Access during the company’s Black Friday Deals for Days events. From: HomePage News
November 3 – Wayfair Records Q3 Loss, Outlines Comeback
After the company narrowly beat Wall Street estimates despite recording a loss, Wayfair CEO Niraj Shah detailed plans for a quick recovery of the company’s financial fortunes. From: HomePage News
November 2 – Kohl’s Unveils Holiday Marketing Plans
Influencer-curated gift lists will be featured in Kohl’s holiday marketing push, which rolls out under the slogan “More Gifts. More Savings.” From: HomePage News
November 2 – CVS Q3 Tops Estimates as Retail Revenues Gain
Third quarter earnings and income at CVS Health beat Wall Street estimates despite unadjusted losses from an opioid litigation settlement. From: HomePage News
November 1 – Walmart, Popable offer short-term store leases to small businesses
Brands can sign up for leases ranging from one month to a year, and they also have the option of entering into a longer-term contract. From: Retail Dive
November 1 – Meijer Grocery is Heading to a Second State
Meijer intends to build a 90,000-square-foot Meijer Grocery store in Noblesville, Indiana, according to a Thursday tweet from the city’s government. From: Grocery Dive
November 1 – Ross Adds 99 Stores in 2022
With the opening of 28 namesake and 12 dd’s Discounts locations across 21 of the United States in September and October, Ross Stores has completed its growth plans for fiscal 2022. From: HomePage News
November 1 – True Value Acquires the Agway Brand
True Value Co. has acquired the brand trademark rights of Agway Farm & Home Supply, a leading wholesale product distribution company serving a network of private dealers, primarily in the Northeast. From: HomePage News
November 1 – buybuy Baby Adds Mighty Goods Own Brand
Although it has stepped back a bit from private labels recently, Bed Bath & Beyond has announced that the company’s buybuy BABY banner has launched its first exclusive brand: Mighty Goods. From: HomePage News
