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Tag: continues

Report: Mall Owners CBL & Associates and PREIT File for Bankruptcy as Pandemic Pressure Continues

Mall owners CBL & Associates and Pennsylvania Real Estate Investment Trust (PREIT) have each filed for Chapter 11 bankruptcy protection, according to CNBC. Mall owners have faced financial pressure stemming from low foot traffic, but while some have been forced into bankruptcy, others have been acquiring struggling retailers to help maintain rents. PREIT, the largest …

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Chipotle continues heating up digital sales with delivery partnership

Get great content like this right in your inbox. Subscribe Chipotle Mexican Grill is expanding its U.S. on-demand delivery footprint with a major third-party platform. Chipotle is launching a fully integrated partnership with Grubhub to provide efficient, seamless delivery. Available now, customers can order from U.S. Chipotle locations through the Grubhub app website. Digital orders …

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IKEA continues to lead the way in sustainability rankings, says GlobalData

Consumers in the UK believe product sustainability to be more important when buying items for the home than when purchasing anything else, says GlobalData Emily Stella, Lead Analyst at GlobalData, comments: “Home shoppers score general merchandise retailers M&S and John Lewis in the top three for being environmentally friendly, while other home specialists fall lower …

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David’s Bridal continues store expansion

David’s Bridal says it is committed to expanding its footprint. The bridal dress and specialty occasion apparel retailer, which filed for bankruptcy protection in November 2018 and emerged about two months later, has opened a store at Butler Shopping Plaza in Gainesville, Fla. David’s Bridal said the opening is part of its continuing commitment “to …

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uBreakiFix continues store expansion | Chain Store Age

Get great content like this right in your inbox. Subscribe Tech repairs are big business. uBreakiFix opened 95 stores in 2019, ending the year with 559 locations across North America. Texas remains one of uBreakiFix’s highest volume states with 50 locations, followed by its home state of Florida, which boasts 84 stores. “2019 was defined by …

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High street gloom continues as fears grow over UK economy | Business

High street sales in Britain slumped in December as consumers reined in their spending over the key Christmas shopping period, adding to the gloom facing embattled retailers across the country and increasing the likelihood of an interest rate cut later this month. According to the Office for National Statistics, retail sales failed to rise for …

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DoorDash continues to lead in the food delivery wars

An exclusive partnership with Cheesecake Factory and deals to deliver for Chipotle Mexican Grill, Five Guys and other local restaurants made DoorDash the leader in U.S. meal delivery last month. According to data from consumer analytics firm Second Measure, DoorDash has 35% of the meal delivery market. Publicly traded rivals Grubhub and Uber Eats captured …

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L Brands’ Q3 loss widens as Victoria’s Secret continues to fall

Get great content like this right in your inbox. Subscribe L Brands reported a steep loss for its Q3 as sales continued to fall at its troubled Victoria’s Secret division. The retailer’s net loss totaled $252 million, or 91 cents a share, in the quarter ended Nov.2, compared with a loss of $43 million, or 16 …

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Petco continues to expand south of the border

Get great content like this right in your inbox. Subscribe Petco is growing its footprint in Mexico. Petco and Petco México announced the opening of the first Petco store in Tijuana. The opening is part of Petco’s growing joint venture with Grupo Gigante in Mexico, the company’s strongest cross-border effort to date.   Petco Tijuana brings the total number …

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Brilliant Earth continues retail store expansion

An ethically-sourced, digitally native bridal and fine jewelry has put down roots in Philadelphia. Brilliant Earth opened its eighth physical location, a showroom in the heart of Philly’s Rittenhouse Square. The 2,000-sq.-ft. showroom, in the penthouse suite of 1701 Walnut Street, is designed to provide a low-pressure environment with an appointment model that allows for …

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