A major discount retailer is closing several stores across the U.S. this year, but the moves don’t necessarily signal a broader retreat. The company has been evaluating which locations make sense for its evolving retail strategy as it looks at smaller store formats and new opportunities in markets where other retailers have pulled back. Founded
Headlines highlighting large retailers closing hundreds of stores frequently grab massive attention. However, sometimes beneath the flashy titles lies a story of a strategic store optimization that is yielding strong results. That is the case of a 44-year-old iconic mall retailer, which, after 40 quiet closings, is projecting a return to profitability. And while industry
Starbucks is giving customers more reasons to stop by this fall as it continues to reshape its menu and refresh the brand. The coffee giant has spent much of the past year simplifying its offerings, adjusting its approach to customization, and introducing new ways to bring customers back into its stores. Now, it is adding
Dick’s Sporting Goods has been one of the big success stories in the brick-and-mortar retail space. At a time when many rivals have been shrinking their physical store counts, the sporting goods giant has leaned into stores, creating new experiential concepts and generally rethinking its retail strategy. The chain has selectively built House of Sport
While it’s a giant player in the grocery space, Kroger lacks the buying power of bigger rivals Amazon and Walmart. You can add Costco to that list as well because its limited product selection magnifies its leverage with retailers. Unlike Kroger, Walmart and Amazon have other businesses, from advertising and memberships to general merchandise, that
A major consumer company is considering a move that could put several familiar household brands on the market. The move comes as the company reassesses parts of its portfolio and seeks to strengthen performance in a key market. If completed, the sale could reshape a personal care business that includes well-known products used by consumers
A few months ago, I went into a popular tuxedo rental chain to rent a tux for a wedding. I told the clerk what I needed, and the initial jacket he brought out fit, but would not button. He then proceeded to tell me that the line I was looking at was not available in
“You don’t win friends with salad.” That’s a classic Homer Simpson line referring to his plan to host a barbecue where he cooks an entire pig, which horrifies his vegetarian daughter Lisa. In reality, however, there’s some truth to what Homer Simpson says. Restaurants based around salad, including Salad and Go, which closed all its
As a consumer, you may not know the connection, but PepsiCo, through its Frito-Lay brand, dominates the salty-snack market. That number was estimated at 62% of the total market, according to an SEC filing from Utz Brands, a rival salty-snacks brand. It’s a market that has been growing, PepsiCo CEO Ramon Laguarta shared during his
Becoming a global powerhouse is extremely difficult, and not many retailers manage to conquer such different markets around the world. Its success in one market doesn’t guarantee performance in another, as consumers behave differently. That’s why, oftentimes, brands make some changes when entering new countries, as they adapt to different economic and cultural environments.