Retail News: Top Stories
May 1, 2020
Top stories in retail news and the business headlines that interest us today.
Reimagining The Mall
Forbes — Reimagining The Mall: A Reboot Might Be Closer To the Founder’s Vision, Amazon May Play A Part
“The Austrian-born Architect Victor Gruen, is credited as being the founder of the regional mall as we know it. Gruen is probably most famous for Southdale Center in Edina, Minnesota, a first-ring suburb of Minneapolis. Southdale is generally recognized as the first fully enclosed, climate-controlled shopping mall in the nation, and while that was certainly significant, its ultimate form fell far short of Gruen’s vision.”
Grocery Demand
CNBC — As coronavirus pandemic pushes more grocery shoppers online, stores struggle to keep up with demand
“Only about 3% or 4% of grocery spending in the U.S. was online before the coronavirus outbreak, according to research by consulting firm Bain & Company. That trend has lagged behind many other parts of the world, despite major investments by Walmart and Amazon and the growth of third-party delivery services such as Instacart, FreshDirect and Target-owned Shipt.”
Coronavirus Demolished Breakfast Sales
Business Insider — The coronavirus pandemic demolished breakfast sales at fast-food giants like McDonald’s and Taco Bell
“Before the coronavirus pandemic, breakfast was set to be the biggest battleground in fast food for 2020. Wendy’s relaunched breakfast in February, after previous failed attempts. The menu was a massive hit, despite heavy competition, with sales increasing by 15% in the first week of March. ”
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