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Today in the news

Why Gen Z prefers shopping in stores
posted on Nov 20 19

Members of Generation Z were raised with digital technology but prefer to do their shopping in stores, according to NPD Group data. Consumers age 22 and under are less likely to have credit cards and they’re also more likely to see in-store shopping as entertainment. Read the CNBC story here

Posted by: Mike Pallerino
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How TGI Friday’s plans to refresh the brand as a public company
posted on Nov 20 19

A deal to take TGI Friday’s public will bring changes for the casual dining chain, starting with a plan to reinvest in the bar and happy hour business. Global growth is also a top goal, as are expansion of branded offerings for retail and improvements to the chain’s loyalty program. Read the Nation’s Restaurant News story here

Posted by: Mike Pallerino
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Dunkin’, Baskin-Robbins to expand in Houston area
posted on Nov 20 19

A new franchisee is bringing over two dozen outposts of Canton, Massachusetts-based Dunkin’ Brands restaurants to the greater Houston area. Read The Business Journals story here

Posted by: Mike Pallerino
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Malls are morphing into community spaces
posted on Nov 20 19

US malls are in the midst of an evolution amid changing consumer shopping habits, as retailers move to smaller stores that act as showrooms and developers add experiences and services to drive traffic. At Burlington Mall outside of Boston, developers are turning a former Sears store into a streetscape with shops, restaurants and a park. Read the Fortune story here

Posted by: Mike Pallerino
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What new owner Le Tote has in store for Lord & Taylor
posted on Nov 19 19

Le Tote plans to revamp Lord & Taylor’s 38 brick-and-mortar stores, revive an older version of the department store’s logo and integrate the companies’ technology platforms. The seven-year-old fashion subscription service acquired the iconic retailer with an eye on future growth, and the stores will change over time to focus on clothing rental as well as sales. Read the Vogue Business story here

Posted by: Mike Pallerino
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