Accessories retailer Claire's Holdings, known for its affordable earrings and piercing services, has filed to go public in the US in a stock offering it expects will raise about $100 million. Claire's, which caters especially to Gen Z, operates upwards of 1,500 North American stores and more than 880 locations in Europe, and partners with about 25 retailers to run another 10,000 concessions.
Win the next generation of consumers Fetch enables brands to build relationships that last. Brands need to authentically connect with the next generation of customers to ensure enduring growth and relevance. With 11 million receipts shared daily and a gamified experience, Fetch has the scale and influence to shift consumer behavior. As the stickiest shopping app for Gen Z, Fetch empowers consumers to Live Rewarded. Explore our infographic to learn more.
Target has created a new program called Building Blocks for Better Products to support beauty brands created by and designed for people of color. The program, called B3P for short, launched with 27 brands that Target already sells, including Rosen Skincare and Girl+Hair, along with some smaller startups, and will focus on helping participating brands develop "clean" products.
Mike George reflected on his career at QVC and parent Qurate Retail Group as he prepared to retire from his role as Qurate's CEO last week, stressing the key role the company's people play in keeping the multiplatform retail and media company growing. George, whose two-year term as NRF chairman ends in January, joined QVC as CEO in 2005 and was selected to lead Qurate when the company was formed 13 years later.
Giant Eagle will give a COVID-19 vaccine clinic today prior to the Rolling Stones' concert at Pittsburgh's Heinz Field. People who will need a second dose of either the Pfizer/BioNTech or Moderna vaccines can receive it at one of Giant Eagle's pharmacy locations, and the clinic will also offer booster doses for those eligible.
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Chain stores still play a vital role in retail, even as online shopping grows and the industry faces new supply chain challenges that are expected to linger into 2022. Kantar compiled NRF's list of the biggest US retail chains, including Dollar General, which has the most locations with 17,348 stores, and Walmart, which leads in both revenue and employment.
Surging demand for consumer goods during the pandemic has been blamed for the current supply chain challenges that have left ships waiting at ports for weeks, delayed road and rail deliveries, and sent shipping costs soaring, but many industry experts say the pandemic has just exposed existing weaknesses and a lack of industry collaboration. "It's like an orchestra with lots of first violins and no conductor. ... No one's really in charge," said Fran Inman, a Los Angeles-based commercial real estate executive.
Food retailers are increasingly embracing new technology, including self-checkout stations and online grocery ordering, as well as in-store and delivery robots. Schnuck Markets' rollout of the shelf-scanning Tally robot, for example, has helped the grocer gain more insight into out-of-stock situations and ultimately better serve customers.
After two years since NRF's last Big Show, the industry's largest gathering is finally back. Starting Jan. 16, more than 50 visionary tech startups across the retail industry will be featured at NRF 2022's Innovation Lab. Participating companies Trove, Recurate, Returnity and EcoCart show the promise of sustainable retail and e-commerce in the year ahead. Learn more.
Executive Vice President and Chief Supply Chain Officer Colin Yankee shares how Tractor Supply Company is planning for the holidays and beyond amid a tangle of supply chain challenges, and the investments the company is making to strengthen its supply chain operations for the future. Read more.
San Francisco-based investment firm Meritage Group has acquired a majority stake in Chicago-style pizza chain Lou Malnati's, which operates 71 restaurants in four states. Brothers Marc and Rick Malnati, whose parents started the company with a single pizzeria in 1971, will retain a minority stake.
