News

KFC/Taco Bell franchisee keeps up with changes brought by COVID-19
An operator of more than 200 KFC and Taco Bell locations is leveraging artificial intelligence (AI) to support customer-facing decisions.
Study: Successful retailers hurt more by COVID-19, unrest than less successful ones
The volatility and disruptions of 2020 impacted high-performing retailers more than their peers.

NRF: Newly introduced pro-union PRO Act ‘unworkable’

The National Retail Federation is calling on Congress to reject recently introduced legislation that it said would infringe on both employee and employer rights.
Neighborhood center changes hands near Eastmark MPC in Arizona

A Southern California investor paid $12.5 million for an 83,743-sq.-ft. Basha’s-anchored neighborhood center in Mesa, Ariz., near the Eastmark master-planned community.
Starbucks’ big challenger in China files for bankruptcy

The coffee chain that was supposed to give Starbucks Corp. a run for its money in China has filed for bankruptcy protection.
Simon gives Northwest Atlanta’s largest mall back to the bank

Simon Property Group and its lender, Deutsche Bank, put Town Center at Cobb mall in Kennesaw, Ga., on the auction block this week and received no bids. The property is now returned to the bank.
Carvana opens six new markets in three states

An omnichannel platform or buying and selling used cars is debuting in Louisiana and extending its reach in Texas and New Mexico.
First Look: Men’s Wearhouse expands digitally enabled ‘next-gen’ store

Men’s Wearhouse is moving forward with a new store design that offers shoppers an omnichannel experience in a physical environment.
Belk recognizes customer diversity with online shop

Belk is launching a new dedicated section of its e-commerce site to advance its commitment to inclusion.
Nordstrom long-term growth strategy focuses on smaller-format stores, Rack and digital

Nordstrom expects its revenue to grow more than 25% in 2021, with digital claiming approximately 50% of total sales.