News

With plans to expand its commitment to the health, beauty and personal care categories, Fred’s Pharmacy is stepping up its analytics strategy.   By leveraging its 15-year partnership with Nielsen, Fred’s will extend the company’s data insights and analytics services across its 601 stores in 15 states across the southeastern U.S., as well as in future stores. Specifically, the chain will be poised to step up market measurements and consumer targeting services.  

WD Partners has tapped a 30-years plus retail consulting and design veteran as executive VP.   Dan Stanek will serve as the business vertical leader of health & wellness for WD and work to further expand the sector.   Stanek most recently worked as chief strategy office for Ologie, and as president of FootClick, an indoor location software platform. His previous positions include executive VP of Big Red Rooster, executive VP of Kantar Retail, and executive VP of Retail Forward.  

Lowe's Companies has finalized a deal that fits into its goal to better serve its pro customers.   The home improvement retailer has completed its previously announced acquisition of Maintenance Supply Headquarters for $512 million. The Houston, Texas-based company is a distributor of maintenance, repair and operations (MRO) products serving the multifamily housing industry.  

German discount grocer is expanding its presence and investment in the U.S. — on two fronts.    On the heels of its first 10 stores opening in the U.S., Lidl is expanding with more locations. On July 13, the company will open two stores in Virginia (in Chesapeake and Culpeper) and two in North Carolina (Havelock and Wake Forest).  

Eddie Bauer LLC could be for sale.   The retailer has hired investment banks Guggenheim Partners LLC and Financo LLC to explore strategic alternatives, including a potential sale, Reuters reported. The debt-laden company is seeking relief from a $225 million term loan due in 2020 and $200 million revolving credit line that comes due in 2019, the report said.  

Amazon is impacting its hometown of Seattle in ways large and small.  

Levi Straus is the second most patriotic brand in America. And Ralph Lauren isn't far behind.    That's according to the 15th annual Brand Keys survey of iconic American brands, which asked 4,860 consumers, balanced for age and political party affiliation, to evaluate which of 280 brands were most resonant as to ‘patriotism.’ Jeep took the top spot in the survey for the second consecutive year. (For complete listing of the 50 most patriotic brands, which includes several retailers, see end of article.)

Increased security in airports is helping to boost sales in airport stores.    Travel retail, particularly in airports, is currently a bright spot in the retail world.    Spending in airports hit $38 billion globally in 2016, according to GlobalData. It is set to grow by 27% to $49 billion by 2021.