“Target is launching a food and beverage brand focused on snacking and indulging, as the retailer aims to give customers’ reasons to keep coming back even after the Covid pandemic.
The new private label, Favorite Day, will include more than 700 products like premium ice creams, bakery items, beverage mixers, mocktails and cake decorating supplies. It will hit store shelves and Target’s website in early April.”
“While Amazon’s logistics strength is viewed as an unbeatable advantage, the mini, automated fulfillment centers Fabric and other tech providers are installing in Walmart stores and in U.S. supermarkets could be the Trojan horses that get past the e-commerce empire’s defenses.”
Mass closures, referred to as the retail apocalypse, have continued over the past few years. In 2020, more than 8,300 US stores closed, following 9,300 in 2019, according to Insider analysis. Research firm Coresignt predicts this trend will continue into 2021. The COVID-19 pandemic made online orders surge over the past year, but it wreaked havoc on brick and mortar retailers. Other retailers that didn’t close filed for bankruptcy, including J Crew, Nieman Marcus, and JCPenney.”
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