August 5, 2022
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Top Story
Fast Retailing's youth-focused GU concept to open in NYC
(SOPA Images/Getty Images)
Uniqlo parent Fast Retailing will bring its GU retail concept to the US this fall with the opening of a pop-up store in New York City's SoHo neighborhood that's slated to stay open at least through next summer. Japan-based Fast, which has fewer than 100 Uniqlo stores in the US and aims to double that by 2027, created GU to cater to younger fashion fans with trendier styles.
Full Story: BNN Bloomberg (Canada) (8/4) 
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Industry Watch
A holding company controlled by former Vera Bradley executive Harry Cunningham has bought GoodMrkt, the retail format for cause-based brands Cunningham co-founded 16 months ago, from his former employer. GoodMrkt offers about 60 purpose-driven brands online and at its single brick-and-mortar store, and plans call for expansion to new markets and more brand partnerships, Cunningham said.
Full Story: Women's Wear Daily (8/4) 
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A new Ollie's Bargain Outlet in Kansas marks the retailer's 450th store as it continues toward its goal of at least 1,050 locations. The retailer was founded in 1982 and has been expanding westward in recent years with 50 to 55 new stores annually.
Full Story: Progressive Grocer (8/4) 
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Retail Trends
Retailers' latest pop-ups are offering new experiences for consumers eagerly returning to in-person shopping, including Saks Fifth Avenue, which is offering fashion advice and styling consultations at its temporary Aspen, Colo., shop. Others are betting on tech tools to enhance the pop-up experience, such as Ulta Beauty, whose New York City pop-up features virtual try-on tech and QR codes to access product information.
Full Story: Modern Retail (tiered subscription model) (8/4) 
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Mall of America is working with its independent retailers to reach customers who might not visit the Minneapolis-area shopping giant. The mall created an e-commerce site so customers can shop its retailers from home, and it is working with the smaller businesses on social media presence, including TikTok.
Full Story: Twin Cities Business (Minneapolis) (8/4) 
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Retail Technology
Instacart now delivers grocery catering
Instacart has introduced the FoodStorm order-management system, which will allow customers to order catering from grocery retailers for delivery. "Catering represents one of the highest-margin categories for grocers, driving meaningful incremental growth for their business as consumer demand increases," says Jeanette Barlow, vice president of product.
Full Story: Winsight Grocery Business (8/4),  Progressive Grocer (8/4) 
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NRF News
"Succeeding together: Aligning cross-functional teams to deliver innovation" showcased the best of what NRF Nexus had to offer. In addition to an authentic and knowledgeable panel, the session included representation from IT, digital and marketing leaders; openly covered learnings from past failures and successes; and offered insight for organizations of all sizes. The panel was helmed by Andrew Laudato, chief operating officer of The Vitamin Shoppe, and featured Heather Mickman, chief information officer, Gap Inc.; Christi Korzekwa, chief marketing officer, Tractor Supply Company; and Tamara Pircz, vice president, digital commerce, The Vitamin Shoppe. Learn more.
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Burlington is the No. 3 fastest-growing retailer. Source: NRF's 2022 Hot 25 list, compiled by Kantar.
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At NRF Nexus, thought leader and co-founder of Boulder, Colo.-based consultancy be radical Pascal Finette shared insights from interviews with hundreds of world-class leaders who successfully managed change and transformed their companies. Leaders must continue to learn the new rules of any game and understand what the company's people really need to know. In addition, learning must be scaled to the edges, rather than assuming it will just trickle down. Learn more.
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Chain Restaurant News
Denny's sees growth potential in Keke's Breakfast Cafe
(John Greim/Getty Images)
Denny's has revived its focus on value as consumers respond to surging inflation, with deals like the Super Slam and an endless breakfast promotion. The company also outlined plans to expand 52-unit family dining chain Keke's Breakfast Cafe, which it acquired last month.
Full Story: Restaurant Business (8/3),  FSR magazine (8/3),  Nation's Restaurant News (free registration) (8/3) 
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