Retail News: Top Stories
August 21, 2019
Top stories in retail news and the business headlines that interest us today.
Americans Spending More on Dining Out
CNBC — Restaurant spending set to hit high in 2019 as consumers spend more of their budget on dining out
“Restaurant operators are moving quickly to erase friction for customers, helping to enhance the experience whether on or off site. Nearly every major restaurant player is either expanding its technology platform, upgrading stores or adding delivery.”
DICK’s Sporting Goods May Drop “Hunt” Business
“Dick’s, one of the country’s biggest gun retailers, has been quietly testing the water on whether to pull out entirely from what it calls the “hunt” business, including firearms. An announcement with the results of the test is expected Thursday, when it is set to report quarterly results.”
Retail Nostalgia
“In the last two years, big retailers including Sears, Toys “R” Us and Payless have filed for bankruptcy. Some have shuttered most if not all of their stores. Though the strategies of these chains hinge on standardized, replicable experiences, the stories people share about them are often quite personal.”
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