Some #GoodNewsRetail from the Past Two Weeks
This is a non-exhaustive list of some positive retail developments I caught over the past week, as I tweeted. Please share yours on Twitter using #GoodNewsRetail.
Despite pandemic, Kendra Scott’s on-campus brand rep program (aptly named Gems) has grown ~50% this year, with reps now “on” >80 college campuses. #GoodNewsRetail https://t.co/eWBJtXbEc3
— Andrea Wasserman (@andreawass) August 28, 2020
While I previously said stores will need to be about speed or experience, I put dollar stores & their strong results in more of a grocery/basics category. I think there’s also some “discovery” component they share w/ off-price. #GoodNewsRetail https://t.co/ssjxgeEYuZ
— Andrea Wasserman (@andreawass) August 27, 2020
New York Fashion Week will feature Lowe’s products on the runways as COVID-19 makes the home the center of consumers’ lives. So creative @ExecutiveMoms. #GoodNewsRetail https://t.co/x7KHDUjkS9
— Andrea Wasserman (@andreawass) August 27, 2020
Dick’s stores may have been closed... but so were gyms & apparently that drove everyone to their site to buy outside activity gear in Q2 #GoodNewsRetail https://t.co/eMolCBEDOV
— Andrea Wasserman (@andreawass) August 26, 2020
.@web!! I was bullish on @RowingBlazers but now paying way more attention with this exec addition. #GoodNewsRetail pic.twitter.com/88i2HcoVoT
— Andrea Wasserman (@andreawass) August 26, 2020
Despite headline about eCom results, I’m more excited that @BestBuy’s stores comped +5% despite appt-only rules for half the qtr #GoodNewsRetail https://t.co/IQOr4MUgi7
— Andrea Wasserman (@andreawass) August 25, 2020
Not shocking, but some huge activewear/athleisure growth including some major % increases from relatively smaller players like Alo Yoga & Vuori. h/t @MorningBrew #GoodNewsRetail https://t.co/2h0FynvDTb
— Andrea Wasserman (@andreawass) August 24, 2020
More good evolution in video opportunity for e-com, whether it’s live-streaming or this shoppable video launch from @rewardStyle. #GoodNewsRetail pic.twitter.com/v9iYKpXIT5
— Andrea Wasserman (@andreawass) August 22, 2020
“Bath & Body Works sales are booming thanks to overwhelming demand for hand sanitizer, soap and the 'affordable luxury' of body care during the pandemic” #GoodNewsRetail https://t.co/08HW7LoGBf
— Andrea Wasserman (@andreawass) August 22, 2020
Online sales doubled in Q2, driving total sales up 6% despite store closures at teen retailer Buckle. #GoodNewsRetail via @theCEOffice https://t.co/2Pdx0cEQ3L
— Andrea Wasserman (@andreawass) August 21, 2020
Walmart will offer wines “from the $5 everyday bottle to go with Friday night pizza to the $50 bottle for an anniversary dinner.” Complements addition of craft beer & Veuve Clicquot. #GoodNewsRetail https://t.co/l8Y1e94mDY
— Andrea Wasserman (@andreawass) August 21, 2020
“With the loss of Barneys, Jeffreys and Opening Ceremony, we thought there was an opportunity.”
— Andrea Wasserman (@andreawass) August 21, 2020
I’m excited to see what Retail Czar becomes. Name feels a little B2B to me, but could work. #GoodNewsRetail https://t.co/XOlCMQ6xaU
A lot of big expenses to offset at Barnes & Noble, but I generally believe there’s a lot of value in a localized approach to stores. #GoodNewsRetail https://t.co/FoI1GOBdrW
— Andrea Wasserman (@andreawass) August 21, 2020
“Dillard’s unique situation of owning 90% of its stores and having a low rent obligation puts them in a favorable position that few retailers enjoy these days.” #GoodNewsRetail https://t.co/WgnIurg1V1
— Andrea Wasserman (@andreawass) August 20, 2020
Not just digital growth @Target, but positive comps & earlier fulfillment expense concerns mitigated 🎉 #GoodNewsRetail pic.twitter.com/crvTyc0ZLu
— Andrea Wasserman (@andreawass) August 19, 2020
ICYM last night's Instagram news, there's a new way for businesses to connect with customers via QR codes. #GoodNewsRetail https://t.co/ObwfNRSE7R
— Andrea Wasserman (@andreawass) August 19, 2020
Big goals @PaylessInsider: $1.4bn 2025 sales, 400+ stores, 40% of revenue from digital. That’s a lot of shoes at $19.99 avg but hopefully #GoodNewsRetail. pic.twitter.com/65TML7dgre
— Andrea Wasserman (@andreawass) August 18, 2020
Despite @HomeDepot’s worries, traffic maintained as other spend/outings fell off. I’d be more excited to call this #GoodNewsRetail if they required masks. https://t.co/BlKLCEN345
— Andrea Wasserman (@andreawass) August 17, 2020
Of course, @ExecutiveMoms is already having impact at @Lowes, where this campaign is 💯. #GoodNewsRetail https://t.co/XXbCaxQkhy
— Andrea Wasserman (@andreawass) August 15, 2020