November 30 – Get Ready for More ALDI Stores in December
According to the company, its disciplined approach to operating with simplicity and efficiency is able to provide customers with the products they want at the lowest possible prices. From: Progressive Grocers
November 30 – Kroger Q3 Beats Wall Street Despite Consumer Spending Reluctance
Despite tighter consumer spending, Kroger stated that the flexibility of its business model helped the company navigate the third quarter when it topped a Wall Street estimate on earnings and revenue. From: HomePage News
November 30 – Big Lots Adds to Executive Suite as Q3 Comps Slide
Bruce Thorn, Big Lots president and CEO, said home categories continue to struggle especially given consumer wariness about big-ticket purchases. From: HomePage News
November 30 – Under Investor Pressure, Camping World’s Lemonis Named Co-Chair of Beyond
Lemonis was the choice of hedge fund JAT Capital Management, which holds a 9.6% stake in the company, to run Overstock, a preference it expressed to the board in a letter on November 2. From: HomePage News
November 28 – Ex-Caesars Exec Named Macy’s Marketing Chief
Otterman will lead Macy’s strategic marketing, supervising the company’s brand evolution including building awareness, engagement and loyalty among all customer segments, the company noted. From: HomePage News
November 27 – Food City Grows Its Hardware Stores With 10th Location
A year after joining the Ace Hardware family, Food City recently broke ground on its 10th Curt’s Ace Hardware location, on Cook Street in Abingdon, Va. From: Progressive Grocer
November 27 – Sensormatic: Black Friday 2023 Generated More Store Traffic Year Over Year
Sensormatic Solutions stated that shopper visits increased by 4.6% on Black Friday, November 24. From: HomePage News
November 27 – Nordstrom Q3 Earnings Beat Street but Revenues Lag
Pete Nordstrom, the retailer’s president, said, “Thanks to solid execution by our merchants, we’re heading into holiday in a favorable inventory position across both banners.” From: HomePage News
November 27 – Burlington Posts Strong Q3 Comps as It Details Major Growth Plans
In looking forward, Burlington noted that corporate plans call for opening about 80 net new stores by the end of the current fiscal year. From: HomePage News
November 22 – Publix Appoints New SVP of Retail Operations
Norman Badger, the company’s vice president of product business development for grocery, will take over as senior vice president of retail operations. From: Grocery Dive
November 22 – SpartanNash Shores Up Food Pantries With $440K Donation
According to SpartanNash, the total donation is the equivalent of 158,000 meals that will be distributed by food pantry partners during the holiday season. From: Progressive Grocer
November 21 – Best Buy Preps for Improved Market Conditions Following ‘Uneven’ Q3
In an “uneven” demand environment, Best Buy beat a Wall Street estimate on earnings, missed one on sales and noted its efforts to reconstitute operations to position itself for better market conditions. From: HomePage News
November 21 – Lowe’s Q3 Hit by Softer Consumer Big-Ticket Spending
Lowe’s Cos. did better than Wall Street expected on earnings in the third quarter but fell short on revenues as do-it-yourself customers stepped back from bigger-ticket purchases. From: HomePage News
November 21 – Dick’s Posts Strong Q3; Lifts Outlook
In reporting its third-quarter results, Dick’s cited a “very strong” back-to-school season and struck an upbeat note about the holiday season. From: Chain Store Age
November 21 – Sally Beauty Q4 Falls Short of Street Expectations
Soft trends in consumer and stylist demand contributed to Sally Beauty Holdings falling short of Wall Street estimates in the fourth quarter. From: HomePage News
November 21 – Kohl’s CEO Talks Sephora, Home Goods Expansion After Q3 Earnings Beat
The ongoing expansion of the home business is one of several initiatives, including the growth of the Sephora business, that Kohl’s is counting on to propel operations in 2024, Tom Kingsbury, Kohl’s chief executive officer, said. From: HomePage News
November 21 – Crate and Barrel Debuts Virtual Store
The online shopping experience is a replica of the brand’s newly opened flagship at 881 Broadway in New York City’s Flatiron neighborhood. From: Retail Dive
November 20 – Meijer Simply Give Allows Customers to Support Those in Need This Holiday Season
From Nov. 19-25, Meijer will contribute one meal to its Simply Give food pantry partners for every purchase of any Meijer brand, Frederik’s by Meijer, True Goodness by Meijer or Purple Cow food item. From: Drug Store News
November 20 – NRF: More Consumers Expect to Shop Thanksgiving Weekend
In this year’s survey, 74% of holiday shoppers said they planned to visit physical and virtual stores during the five-day Thanksgiving holiday weekend period, up from 69% in 2019 before the COVID-19 pandemic. From: HomePage News
November 20 – Crate & Barrel New NYC Flagship Launches with Digital Virtual Version
The store is in a circa-1868 building, once home to a department store operated by Arnold Constable & Co. and known as New York’s Palace of Trade. From: HomePage News
November 20 – Publix Names New CEO, Executive Chairman, and President
Publix Super Markets is shifting its executive leadership, with current CEO Todd Jones becoming the new executive chairman, current President Kevin Murphy becoming CEO, and current Senior Vice President John Goff becoming president. From: Supermarket News
November 17 – Ross Rides Value Wave to Q3 Wall Street Beat
Value across its namesake and dd’s Discounts stores helped propel Rose Stores to a third-quarter Wall Street beat on sales and earnings. From: HomePage News
November 17 – Williams-Sonoma Q3 Pressured by Promotions, Weakness in Furniture
“We are proud to deliver another quarter of strong earnings, significantly exceeding expectations, despite a challenging macroeconomic backdrop for our industry,” said Laura Alber, Williams-Sonoma president and CEO, From: HomePage News
November 16 – Macy’s Focused on Holidays as Q3 Results Top Wall Street
Despite posting year-over-year declines, Macy’s beat Wall Street estimates for the third quarter as the company prepares to emphasize its gifting assortment for the holiday season. From: HomePage News
November 16 – The Gen Z Housewares Consumer Came into Focus This Holiday Season
In the HomePage News 2023 Consumer Outlook Survey published early this year, young adults aged 18 to 34 were the most enthusiastic about purchasing from almost every housewares category examined. From: HomePage News
November 16 – Macy’s Focused on Holidays as Q3 Results Top Wall Street
Despite posting year-over-year declines, Macy’s beat Wall Street estimates for the third quarter as the company prepares to emphasize its gifting assortment for the holiday season. From: HomePage News
November 16 – Strong Home Product Sales Propel TJX Q3 Gains
Comparable sales grew by 6% in the third quarter, with, by division, Marmaxx, including T.J. Maxx and Marshalls stores, up 7%, HomeGoods up 9%, TJX Canada up 3% and TJX International up 1%. From: HomePage News
November 16 – Walmart Planning Some Price Rollbacks After Strong Q3
On the general merchandise side, Doug McMillon, Walmart president and CEO said some costs are declining, which will give Walmart the opportunity to provide price rollbacks for the holiday season. From: From: HomePage News
November 16 – CBRE: Retailers Ready for Tough-To-Forecast Holiday Season
CBRE said its forecast for a 3% year-over-year, fourth-quarter sales gain at retail compares with a 7.5% gain in 2022 and a 14.6% surge in 2021. From: HomePage News
November 15 – Ace Reports Record Sales, Higher Comps Lumber Excluded
In the third quarter, Ace Hardware Corp. reported record revenues of $2.29 billion, up 2.5% from the year-before period. From: HomePage News
November 15 – Target Registers Big Q3 Earnings Beat Despite Sales Pressure
Target is emphasizing sharp price points on end caps and marketing during the holiday season, as well as innovation and newness, said Brian Cornell, Target chair and CEO. From: HomePage News
November 15 – 7-Eleven Adds Holiday Items to Merchandise Line
As part of its ongoing focus to introduce seasonal collections to its online merchandise shop, 7-Eleven Inc. has launched a line of festive apparel and accessories on 7collection.com. From: CS News
November 14 – Amazon Report Suggests More Commitment to Procurement Investment
The report indicates that 53% of respondents expect their budgets to increase in 2024. From: HomePage News
November 14 – Pottery Barn Promotes Easier Shopping with New iOS App
The app is available free of charge in the App Store, where it joins Pottery Barn Kids and Pottery Barn Teen iOS apps. From: HomePage News
November 14 – CEO Decker Says Home Depot Improving Shopping Experience After Q3 Declines
Home Depot sales and earnings, despite year-over-year declines, beat a Wall Street estimate in the third quarter as CEO Ted Decker said strategic initiatives to improve customer experience should power the company forward. From: HomePage News
November 14 – Poshmark Promoting Secondhand Purchasing for the Holidays
Secondhand Sunday, this year held on November 26, is another initiative developed to redirect shoppers away from mass consumption and toward the purchase of pre-owned goods, supporting environmental sustainability and the livelihoods of individual sellers, Poshmark stated. From: HomePage News
November 14 – Dorothy Lane Market Begins Construction on 4th Location
The Mason, Ohio, store will be the regional grocer’s largest to date, and will include a 50,000-square-foot main level and a 9,000-square-foot mezzanine, which will encompass an on-site culinary center. From: Progressive Grocer
November 13 – NRF Reports October Sales Slip with New Research Partners
NRF is changing how it conducts its monthly retail sales report, partnering with CNBC and Affinity Solutions instead of relying on the United States Census Bureau data releases. From: HomePage News
November 13 – TJX Store Openings Continue Nationwide Amid Reports of NYC, Chicago Closings
TJX, according to published reports, TJX confirmed it plans to close one T.J. Maxx store and one Marshalls store in Chicago; and one TJ Maxx store and one Marshalls store in New York City. From: HomePage News
November 10 – Boneparth Retiring as Kohl’s Chairman in May of 2024
Michael Bender will become Kohl’s chairman, the company reported. From: HomePage News
November 10 – At Home Initiates CEO Search Ahead of Bird Retirement
At home has formed an interim office of the CEO helmed by Jeff Evans, president and chief merchandising officer; Jerry Murray, CFO; and Ashley Sheetz, COO. From: HomePage News
November 10 – Tractor Supply Transforms Forecasting and Replenishment with AI
The retailer is enhancing supply chain capabilities as it plans to increase its annual new store openings to 90 beginning in 2025, with a “step up” to 80 locations in 2024. It’s on track to open approximately 70 stores this year. From: Chain Store Age
November 10 – Dillard’s Improved Inventory in Q3 Despite Softer Sales, Earnings Comps
Dillard’s beat an analyst’s earnings estimate in the third quarter, although sales and earnings declined versus the prior-year period. From: HomePage News
November 9 – Ports Peaking as Holidays Near
Even as imports wind down for the year, Hackett Associates Founder Ben Hackett said economic conditions in the United States are better than in Europe and Asia. From: HomePage News
November 8 – Hy-Vee to Host Inclusive Business Summit in Omaha
OpportUNITY Inclusive Business Summit to showcase local minority- and women-owned businesses. From: Progressive Grocer
November 8 – eBay Q3 Beats Wall Street Estimate as It Launches New Initiatives for Old Goods
For the third quarter, eBay sales and revenue topped a Wall Street estimate as it launched new initiatives in consignment services and refurbished appliances as well as product repairs. From: HomePage News
November 8 – NRF: Prospects Remain Positive for Holiday Consumer Spending
The first full week of November will see Aldi open four new locations spanning from Rhode Island to California. From: HomePage News
November 8 – Aldi Store Expansion Efforts Continue
The first full week of November will see Aldi open four new locations spanning from Rhode Island to California. From: Store Brands
November 8 – Walmart Partners with NBCUniversal for Shoppable ‘Below Deck’ Episodes
On specific dates, Walmart customers will be able to browse products inspired by featured crew members and guests, from table settings to cookware to yacht-life looks. From: HomePage News
November 7 – RetailMeNot: Holiday Shoppers Will Search for Deals but Spend More
79% of shoppers plan to purchase to participate in holiday gift shopping this year and 72% plan to shop holiday sales events from October to December. From: HomePage News
November 7 – Klarna Drives Growth in the U.S. with Additional Services
The growth has been fueled by increasing adoption and demand for Klarna’s increasingly diverse, AI-driven product suite of services among U.S. consumers and retailers, the company asserted. From: HomePage News
November 7 – Big Lots Details Black Friday Initiatives
Holiday deals will continue all weekend long with three-day offers beginning Black Friday, the company stated, including 50% off air fryers and cookware. From: HomePage News
November 7 – Grocery Outlet Hits the $1B Net Sales Mark in Q3
New systems put in place during the third quarter came up big for Grocery Outlet, as the retailer hit the $1 billion mark in net sales. From: Supermarket News
November 6 – Target Spotlights Housewares Holiday Gift Values
“Target is putting the magic and the meaning of the holidays within reach for everyone this season,” said Lisa Roath, Target executive vice president and chief marketing officer. From: HomePage News
November 6 – Amazon Sets Black Friday, Cyber Monday Sales Events
All season long, Amazon shoppers can shop gifts from small businesses—including Black-owned, woman-owned, military family-owned, Hispanic-owned, Asian and Pacific Islander-owned, and LGBTQIA-owned operations—at amazon.com/supportsmall, the company pointed out. From: HomePage News
November 6 – CEO Johnson Out as Overstock Changes Corporate Name to Beyond
Beyond added Dave Nielsen, the company’s president, would become interim CEO and the board had initiated an internal and external search process to hire a permanent CEO. From: HomePage News
November 6 – Publix Achieves Billion Dollar Sales Gain in Q3
Sales were $14 billion, up from $13 billion in the year-previous quarter, the company reported, as comparable store sales increased 4.3%. From: HomePage News
November 3 – CVS Bests Wall Street Expectations on Healthy Sales Gain
The third quarter saw CVS Health financials beat Wall Street estimates on income and sales as it turned in better sales and almost flat adjusted earnings year over year. From: HomePage News
November 3 – Qurate Retail Turns to Modest Q3 Profit but Misses Wall Street Estimate
Qurate Retail emerged from a loss in its third quarter last year to post a profit for the period this year, but revenues in the quarter decreased as the company missed a Wall Street estimate. From: HomePage News
November 3 – Trader Joe’s Opens Another NYC Store
The store at 69-65 Yellowstone Blvd is in a residential neighborhood in the borough of Queens, and the 21st store in New York. From: Progressive Grocer
November 3 – Pottery Barn Teen Launches Super Mario Collection
The Super Mario Collection includes bedding, backpacks and lunch accessories, as well as décor featuring icons and power-ups from video games. From: HomePage News
November 3 – Williams Sonoma Celebrates Thanksgiving with Smitten Kitchen’s Deb Perelman
Perelman worked with the Williams Sonoma banner to create the Smitten Kitchen Guide to Thanksgiving, showcasing an exclusive menu alongside her inspiration for beautiful table settings and holiday hosting. From: HomePage News
November 3 – Meijer Kicks Off Annual “Team Gives” Program
During Meijer Team Gives, each store, distribution facility, supply chain unit and Meijer Team Member Resource Group is given $10,000 to donate to one nonprofit or split between two in the community. From: Drug Store News
November 2 – NRF Forecasts 3% to 4% Holiday Sales Gain
Despite a slower growth rate compared with the past three holiday seasons, this year’s November/December consumer spending number is consistent with the average annual holiday increase of 3.6% from 2010 to 2019, NRF pointed out. From: HomePage News
November 1 – JCPenney Details $1B Plan to Enhance Customer Experience
The company intends to use the investment to regain its status as a premier online resource for housewares and home furnishings. From: HomePage News
November 1 – Walmart Touts Supply Chain Upgrades as November Promotions Approach
Walmart’s Black Friday Deals return for 2023, with the event giving customers value with its best savings of the holiday season throughout November. From: HomePage News
November 1 – Wayfair Shows Progress Toward Profitability in Q3
The third quarter saw Wayfair top a Wall Street estimate for earnings as revenues came up a bit short. From: HomePage News
November 1 – Container Store Tops Wall Street as Promotions Help in Q2
Container Store second-quarter sales, comps and earnings were down year over year, but the company still beat Wall Street estimates. From: HomePage News
