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Daily QuickWit (11/2) – Top Retail News of the Day

It’s Tuesday, and more importantly it’s election day.

Be sure to get out and vote today!

 

And while you are standing in the voting line, here are some stories to catch up on:

NRF brings good tidings to their holiday forecast

It’s probably been almost a whole day since you heard the latest holiday prediction or forecast, so here is one more! The National Retail Federation projects November/December retail sales of $843.4 billion to $859 billion, up 8.5% to 10.5% from 2020 results. If you have time, this article has a great breakdown on what to expect for the upcoming season.

Dick’s Sporting Goods expands concept stores

The nation’s largest sporting goods chain will open its second Public Lands store on November 5, in Columbus, Ohio. The format, which is focused on outdoor activities and land conservation, made its debut in September near Pittsburgh, PA. They are also re-opening more Golf Galaxy stores with more experiential retail opportunities. With more shoppers looking to go back into the store this year, seems like a great opportunity to redefine the experience!

And speaking of in-store experiences

A great article about how the lines between e-commerce and in-store retail continue to shrink, and brick-and-mortar must retain its unique appeal. Shoppers in-store are looking for a unique and personal experience, and more retailers need to keep that in mind as they develop their approach.

Bed, Bath and Beyond add same day delivery

The retailer is partnering with Uber to help deliver baby and kid products to parents nationwide, from either Bed, Bath & Beyond or buybuy Baby store locations. Yet another retailer working on the last mile and same day deliver solution – anything that caters to busy parents is likely a welcome addition!

Walmart adds another partnership to their offering

This time, they bring in Sir Elton John top bring their shoppers an exclusive eyewear brand. Walmart’s push to upscale their brands continues, this time with a music icon – another great add for the folks in Bentonville!

Under Armour (UAA) is having quite the year

The athletic clothing company had an excellent 3rd quarter and is raising its outlook for the rest of 2021 – predicting sales will rise 25% from last year. 

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