Much has already been written about the Millennial generation. And for good reason. Spanning the ages between about 21 and 39, they represent a powerful constituency of U.S. consumers, with about 22% of the total population and $1.7 trillion in spending power. And, they will…
The Fresh Market (TFM) announced that it would be acquired today by Apollo Global Management for $1.36 billion, or $28.50/share. This represents nearly a 50% premium from Thursday’s close, where speculation on an eventual acquirer began to ramp up. It also puts to an end…
We are well into 2016 and the new year has brought a host of highly publicized store closures from Macy’s to Walmart, and there may well be other announcements coming. The continued demise of Sears, and bankruptcy talk swirling around The Sports Authority which could…
Last week, Uber announced the roll-out of a new UberEats service in 10 cities, ranging from Washington D.C., Denver, Seattle, Atlanta, Houston and Dallas to some of the larger cities like New York, San Francisco and Chicago, where they’ve been testing a version of the service for some…
While much has changed in food retail since Stew Leonard’s Dairy first opened its doors in Norwalk, Connecticut in 1969, there are some things that hadn’t changed when they recently opened their doors to their fifth store in Farmingdale, New York on January 19th. When I…
While the dust hasn’t yet settled for 2015 retail sales, it seems clear that a significant consumer transformation is taking place. On-line sales, which still amount to less than 10% of total retail sales, show no signs of slowing. And, category by category, the impact…
Burberry’s newest flagship, clad with its signature tartan check glowing façade, has been open on Michigan Avenue for two months now and Chicagoans, and tourists alike, are excited about its grand arrival. Standing at five stories high and approximately 16,800 square feet, 633 N. Michigan…
By all estimates, this should be a pretty good Holiday season for US retailers, capping off a decent overall year. While the economic recovery is hardly robust or equal among retailers, US consumers are out spending money, which is a welcome relief for most retail…
