Retail News & Headlines
April 09, 2021
Top stories in retail news and the business headlines that interest us today.
Retail Membership Program Profits
Forbes — Best Buy, Urban Outfitters Latest To Discover Membership Has Its Privileges – And Its Profits, Too
“The urban legend in retailing is that membership warehouse clubs like Costco, Sam’s Club and BJ’s break even on selling goods, but make all their money on annual membership dues.
Whether it’s true or not, it seems that more and more retailers are rolling out paid membership programs in an effort to both keep customers loyal to their stores and make some extra money.”
McDonald’s Closing Locations in Walmart Stores
CNBC — McDonald’s will close hundreds of locations in Walmart Stores as pandemic changes shopping habits
“McDonald’s is closing hundreds of restaurants inside of Walmart, as customers increasingly shop online and opt for the drive-thru window.
The big-box retailer confirmed Friday that the fast-food chain will have around 150 locations that remain across its 3,570 SuperCenters. That has gradually fallen over the years from a peak of about 1,000 locations.”
Ketchup Shortage in the US
Business Insider — A ketchup shortage in the US is causing prices to spike — and it could get harder to find ketchup packets at restaurants
“Kraft Heinz confirmed the ketchup shortage to Insider. Steve Cornell, the company’s president, told Insider that demand for ketchup has outstripped supplies.
Some shoppers told The Journal the popular condiment has already become a difficult item to get at drive-thrus, comparing it to searching for hand sanitizer or toilet paper at the onset of the pandemic.”
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