Bed Bath & Beyond files for bankruptcy protection after failed turnaround efforts Since early January, the struggling home goods retailer has been warning about the possibility of bankruptcy. After a disappointing holiday season, the company issued a "going concern" notice, indicating that it might not have enough cash to cover [...]
Ikea to invest over $2.2 billion in new U.S. store models, pickup locations in next three years Ikea, the Swedish home and furniture company, is planning to invest over $2.2 billion in the next three years to enhance its omnichannel growth strategy in the U.S. This investment marks the largest [...]
Chipotle unveils all-electric, sustainable restaurant design The quick-serve restaurant giant debuted an all-electric restaurant design to help reach its goal of reducing greenhouse gas emissions in half by 2030. The design works to maximize energy efficiency in its equipment and systems and utilizes 100% renewable energy from wind power and [...]
Walmart will add thousands of EV charging stations to stores by 2030 The company will expand its fast-charging network to include Walmart and Sam's Club locations nationwide, adding to the 1,300 charging stations already available at 280 of its locations. Each participating store is expected to have an average of [...]
2022’s Top 10 Expanders: Dollar General No. 1 In 2022, Dollar General, At Home, and The TJX Companies secured leases for over 1.3 million square feet of new space, securing their positions as the top three companies on CoStar's Top 10 expanders list. Dallas’ Henderson Avenue retail makeover begins to [...]
Consumers place an emphasis on necessities. Total retail sales dropped 0.4 percent in February. However, store-based spending — which excludes purchases made online and at restaurants and bars — reached a record mark. This contrast indicates consumers may be prioritizing the purchase of necessities when visiting brick-and-mortar retailers, a dynamic [...]
Starbucks CEO says he’ll work a shift at the company’s cafes once a month This pledge comes during a tumultuous time for Starbucks' relationship with its baristas, as more than 190 company-owned locations have voted to unionize, citing concerns such as unsafe working conditions, understaffing, and unreliable scheduling. Prior to [...]
Walmart to nearly double health center footprint The company has announced its plans to open 28 new Walmart Health centers in 2024, taking the total number of locations to over 75 by the end of the year. The expansion will see Walmart Health centers increasing their presence in Texas, particularly in [...]
All brick-and-mortar categories record monthly increases. Store-based retail sales, which exclude spending online and at restaurants and bars, climbed 1.7 percent in January, marking the largest monthly rise in nearly two years. Reversing a recent down trend, gains were widespread across store types, highlighted by notable improvements in furniture, appliance [...]
Target bets on e-commerce by investing $100 million in hubs to speed up delivery The big box retailer is pressing ahead with its e-commerce strategy, even as it anticipates slower sales. February 22, 2023 | CNBC H-E-B expands with the purchase of new Store Site in Celina, Texas The San [...]
