Strive Insight’s Post

Breaking News🎉 We’re not just dreaming big; we’re expanding BIG with 5 new stores in just one month. Locations dropping soon, stay tuned! #NewStore #NewStoreOpening #RetailExpansion #Retail #RetailIndustry #StoreLaunch #RetailGrowth #ComingSoon #OpeningSoon #NewLocations #RetailRevolution #FashionForward #KAZO #KAZOBrands #KAZOStore

'📢 Wilko 2.0: How The Range owner plans to revive the discount chain💪 It's coming up to a year since The Range owner Chris Dawson snapped up the Wilko brand out of administration and set about restoring the value chain. 🔄✅ #RetailRevival #Wilko #TheRange #ChrisDawson 🔜 For more insights, check out databoutique.com 📊🔎' by Retail Gazette about wilko

Stay tuned……..

Our “no name” store pilot open in two weeks Canadians continue to struggle with affordability. We’re doing everything we can – in all of our banners, store formats and departments – to meet the value needs of Canadians. Which is why I’m especially excited to share details of something Canadians have never seen before. We’re piloting 3 new “ultra hard discount” stores called the no name store, and our goal is to help customers save up to 20% off regular retail prices. We’ll be doing the work of reviewing our prices relative to comparable product prices in the area’s top 4 discount grocery banners to ensure we are the same or cheaper. The store will carry roughly 1,300 no name and national brand products, across grocery, produce and household, and we aim to have more than 75% of our assortment listed at 10-20% cheaper than the lowest regular retail price. The idea is remarkably simple. By reducing the store’s operating costs, we’ll be able to sell everyday essential items at our lowest price possible. So the store will have shorter hours, limited marketing, no flyers, no refrigeration (so no dairy or fresh meat), re-used fixtures, fewer weekly deliveries, and more. If the past few years have taught us anything, it’s that retail is ever-changing and often unpredictable. So with this new format, we’ll experiment and get real feedback from customers. If it works, we will accelerate. If it doesn’t, we’ll pivot, take the learnings and apply them somewhere else. This pilot is proof that we are not afraid of trying something new. The first store will open in Windsor on September 5th. Two more stores in St. Catharines and Brockville will open later this fall. Here’s a mockup of what customers will see. https://lnkd.in/g3hJhmdD

I can't wait to see it... The no name store! My parents would take us, occasionally, to the No Frills store, in Ottawa. This concept is one step "further". Since so many Provigo-Le Marché stores (in Québec), are being transformed/renovated into Maxi stores, I was wondering what was happening... The low cost concept, goes one step further with a very-low cost concept. (Why not eliminate grocery delivery to reduce operational costs even further?) In Québec, the concept is loosely similar to: Liquidators - but these small chains are all different and the offering is not "constant". Might there be/ will there be a "Compliments" or "Sélection" store concept in development at Metro Inc. or Sobeys? (I think that Michael Porter would smile.) #groceryinnovation #retailinnovation #lowcost #loblaw

Salt Life retail stores are closing. Too salty perhaps? The iconic beach brand's parent company, Delta Apparel Inc., was sold through a court sanctioned bankruptcy auction in September. The purchase includes the Salt Life brand and its related assets. (via Retail Dive) 🏢All of Salt Life's 28 retail stores, across 10 states, will close. Liquidation sales are already underway. The company will focus on e-commerce and wholesale. 📉It's sad to see Salt Life have to close its retail stores but apparently the company had been experiencing declining demand, among other issues. Hopefully, we'll see them return to a physical presence in the future. I can see them participating in events and hosting pop-ups as part of their business model. Perhaps this trimming down will help them reorganize and ride a wave of regained momentum as they recapture the spirit of their surfer origins. 🌊I think they have a great brand and am hoping they can “get their head above water” and continue their past WAVE of success! 📍Read more here: https://bit.ly/3BrhTmW

Vancouver’s Robson Street is seeing new retailers opening as the popular shopping street continues to transition. Several new retailers have recently signed leases on Robson Street and will be opening in the coming weeks and months, while some closures and a cancelled project will impact the area, reported Retail Insider. "The main commercial stretch of Robson Street spans from Bute Street to the west to Hornby Street and the Vancouver Art Gallery Square to the east. We’ll also discuss retail happenings on Robson Street near Granville Street, which recently saw Nordstrom vacate a large space."   "Some new retailers have already been announced on Robson Street, and others will be announced in this article. The shift begins at the corner of Robson Street and Burrard Street, with the recent announcement that German athletic brand adidas will be taking a massive two-level space recently vacated by Victoria’s Secret. It will be a first-to-Canada concept store with more details soon to be announced." https://lnkd.in/gakkkApG #vancouver #retail #robsonstreet

It is tough to see news like this, Fred Segal paved the way for so many young brands and even played a role in impacting local culture and trends. But the sad truth is that as the landscape evolved, doors needed to pivot harder and move more into experiential shopping experiences, relying on e-com growth to fill the gap of the lost revenue from less in-store shoppers. You have to work twice as hard to create reasons to drive foottraffic.. think brand collabs, in store exclusives, community led events etc. END. Are a great example; their playbook has been well documented. Another who excels in this area are Nick A. & Ankur Amin at Extra Butter. Innovation isin’t reserved only for the tech and software businesses - retail arguably needs even more if you are to stand out in a busy market, and compete for consumers 💰💵💶💷

Weis Markets plans to begin construction on six new locations this year as it works through supply chain disruptions that have slowed down progress. The new stores are slated to open in 2025 and mark a significant uptick in openings for the grocer compared to previous years. #grocery #Weis #WeisMarkets #newstore #supplychain #earnings #growth #expansion #remodel #storeremodel https://lnkd.in/dv9msA_b

Is it possible to out-Walmart Walmart? It looks like Loblaw Companies Limited is going to give it a try. (Which is ironic given how many portrayed Loblaws as the villain that was making groceries unaffordable for Canadians.) Will Canadians be willing to trade some shopping convenience (i.e. no refrigerated products sold at the store) and convention (i.e. no flyers) for "ultra low" prices? Will there be enough difference between the "store for savings" and other discount grocery stores to have consumers thinking this is (to borrow a famous grocery tagline from Loblaws) "worth switching supermarkets for"? And will operational efficiencies be enough to pay for those ultra-low prices or will suppliers be "asked" to support this new business model? This will be an interesting experiment. #BrickAndMortar #Discount #Grocery #Retail #Price