Retail News & Headlines
August 20, 2021
Top stories in retail news and the business headlines that interest us today.
Amazon Department Stores
CNBC — Amazon is reportedly planning to open department stores, its latest experiment in physical retail
“Amazon is planning to open large retail locations that resemble department stores, The Wall Street Journal reported.
The newspaper, citing people familiar with the plans, reported that some of the first Amazon department stores are expected to be in California and Ohio. The locations will take up roughly 30,000 square feet, around the size of a Kohl’s or T.J. Maxx store but only about the third of a size of a traditional department store.”
Macy’s Brings Back Toys ‘R’ Us
“Macy’s announced today a partnership with WHP Global to bring back Toys“R”Us to American Shoppers. WHP earlier this year took controlling interest in Tru Kids Incorporated, the parent company of Toys“R”Us. “
Dollar Store Shopping Growth
The Washington Post — Booming business at dollar stores shows the widening gulf between haves and have-nots during pandemic
“A growing number of Americans are relying on dollar stores for everyday needs, especially groceries, as the coronavirus pandemic drags into its 18th month. Chains such as Dollar General and Dollar Tree are reporting blockbuster sales and profits, and proliferating so quickly that some U.S. cities want to limit their growth. The 1,650 dollar stores expected to open this year represent nearly half of all new national retail openings, according to Coresight Research.”
Contact
Contact us below for more information or cost estimation for an upcoming project.
[Form id=”9″]
