Retail News & Headlines
March 10, 2021
Top stories in retail news and the business headlines that interest us today.
Target Launches New Grocery Brand
“Target is launching a food and beverage brand focused on snacking and indulging, as the retailer aims to give customers’ reasons to keep coming back even after the Covid pandemic.
The new private label, Favorite Day, will include more than 700 products like premium ice creams, bakery items, beverage mixers, mocktails and cake decorating supplies. It will hit store shelves and Target’s website in early April.”
Walmart’s Micro-Fulfillment Centers
“While Amazon’s logistics strength is viewed as an unbeatable advantage, the mini, automated fulfillment centers Fabric and other tech providers are installing in Walmart stores and in U.S. supermarkets could be the Trojan horses that get past the e-commerce empire’s defenses.”
400 Stores Closing in 2021
Business Insider — More than 400 stores are closing in 2021 as the retail apocalypse drags on. Here’s the full list.
“Retailers have announced plans to close more than 300 stores this year, and experts say the total could reach 10,000 stores or more.
Mass closures, referred to as the retail apocalypse, have continued over the past few years. In 2020, more than 8,300 US stores closed, following 9,300 in 2019, according to Insider analysis. Research firm Coresignt predicts this trend will continue into 2021. The COVID-19 pandemic made online orders surge over the past year, but it wreaked havoc on brick and mortar retailers. Other retailers that didn’t close filed for bankruptcy, including J Crew, Nieman Marcus, and JCPenney.”
Contact
Contact us below for more information or cost estimation for an upcoming project.
[Form id=”9″]
