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Today in the news

Starbucks to offer delivery from 2,000 restaurants
posted on Dec 18 18

Starbucks and Uber Eats will team to expand delivery to about 2,000 of its 8,000 US cafes next year. Nontraditional orders at the chain have grown in the past couple of years and mobile orders now account for 12% of total sales, up from 5% two years ago. Read the Business Insider story here

Posted by: Mike Pallerino
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Birchbox opens in-store shops at select Walgreens stores
posted on Dec 18 18

Walgreens has unveiled in-store Birchbox shops in three New York stores, according to Women’s Wear Daily. The company plans for eight more locations in cities, including Chicago, Dallas and Los Angeles. Shoppers can opt for the five-sample Build Your Own Birchbox feature or buy full-size beauty products from more than 40 brands.

Posted by: Mike Pallerino
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Apartments are moving into empty retail spaces
posted on Dec 18 18

Increasingly, landlords are converting empty retail center space into apartments, which turns the typical 12-hour retail environment into an 18-hour one. Apartments, along with restaurants, entertainment centers and fitness clubs, are helping retail centers fill space and also helping them e-commerce-proof properties. Read the Crain’s Chicago Business story here

Posted by: Mike Pallerino
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Year-to-date U.S. hotel transactions up more than 25% from 2017
posted on Dec 17 18

Jones Lang LaSalle reports that U.S. hotel transactions have reached $29.7 billion year-to-date for 2018, a year-over-year increase of more than 25%. Investors such as private equity and REITs are behind many of these deals, which are being driven by the sector’s strong fundamentals. Read the GlobeSt story here

Posted by: Mike Pallerino
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Arby’s, Sonic parent aims to pioneer a new business model
posted on Dec 17 18

Inspire Brands is building a new Atlanta headquarters, with plans to create 1,100 new corporate jobs to run the fast-growing restaurant empire. The parent of Buffalo Wild Wings, Arby’s, Rusty Taco and the newly acquired Sonic Drive-In aims to create a collaborative model that improves performance for each of its chains. Read the QSR story here

Posted by: Mike Pallerino
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