News Briefs

11/21/2023

Pet Supermarket names new CEO

Image
Pet Supermarket

Florida-based pet retailer Pet Supermarket has named its newest CEO.

Rich Tannenbaum brings 25 years of retail, e-commerce and consumer goods experience to the new role. Before joining Pet Supermarket, he held the role of senior vice president of global supply chain at Five Below for nearly five years. 

Prior to his position Five Below, Tannenbaum was chief supply chain officer and senior vice president of information technology at Midwest retail chain Fleet Farm. He also served 10 years as senior vice president of supply chain, IT and enterprise transformation at The Vitamin Shoppe.

“It is an incredible honor to be selected as Pet Supermarket’s next CEO, and to lead and serve this great organization,” said Tannenbaum. “I appreciate the leadership and work of all who came before me to build Pet Supermarket into the successful business and brand it is today. I am thrilled to help lead the organization into its next chapter of growth and success.”

The company said that Tannenbaum will help execute “multi-year growth and expansion plans.”

Pet Supermarket operates over 225 locations in the Southeast region.

Advertisement
11/21/2023

Miniso to open 15 more U.S. stores by year end, including 100th location

Image
Miniso

Miniso continues its U.S. expansion in both existing markets and new regions.

The China-based discount retailer opened more than 20 new stores in the United States in recent months. Looking ahead, Miniso said it plans to open at least 15 more U.S. outposts by the end of the year and will enter two new states: North Carolina and New Hampshire. 

The upcoming openings include Miniso's 100th U.S. location, which will open on Dec. 9 at the Florida Mall in Orlando. The 2,080-sq.-ft. store will showcase the brand's various product categories in dedicated zones, including blind box collectibles, toys, plushies, fragrances and more. It will also offer a wide range of Miniso's licensed collaborations, such as Disney, Barbie, Sanrio and an upcoming one with Care Bears.

"We are thrilled to be on the cusp of opening our 100th store in the U.S.," said Jack Ye, Miniso's founder and CEO. "We’ve always regarded the U.S. as a vital part of our overseas operations, ever since we opened our first store here back in 2017. I am looking forward to continuing to grow our business here and forging even closer relationships with US consumers.”

In October, Miniso opened five new stores, including its first-ever location in Indiana, a 3,500-sq.-ft. store at Castleton Square in Indianapolis. The retailer also opened its first stores in Louisiana — at the Mall of Louisiana in Baton Rouge — and in Michigan at Great Lakes Crossing in Auburn Hills. 

So far this year, the company, which opened a Times Square flagship in May, has entered 10 new states, for a total of 20 states. In addition to Michigan, Indiana and Louisiana, the brand has opened stores in Oregon, South Carolina, Arizona, Connecticut, Maine, Georgia, and Oklahoma.

Miniso also continues to expand on the West Coast, with stores at Fashion Show in Las Vegas, and Northridge Fashion Center in Northridge, Calif.

Looking ahead to 2024, Miniso is gearing up to extend its footprint into more cities, targeting prime locations including Santa Monica, Calif., and the state of New Jersey.  The company is also looking securing a more prominent location within Times Square.

Miniso operates 6,115 stores worldwide.

11/21/2023

Happy Thanksgiving from Chain Store Age!

Image
Happy Thanksgiving

The team at Chain Store Age wishes you and your family a safe and happy Thanksgiving.

Our offices will be closed on Thursday, Nov. 23, and Friday, Nov. 24.  We will resume our regular newsletter schedule on Monday, Nov. 27.

Advertisement
11/20/2023

Kohl’s COO out — after less than a year on the job

Image
Dave Alves

The chief operating officer of Kohl’s has exited the company.

The department store retailer revealed in a Securities and Exchange filing that Dave Alves, president and COO, has left the company, effective Nov. 17.

Kohl’s named Alves, a 30-year retail veteran, to the role In February, with his appointment effective in April.  Prior to that, Alves spent 10 years at Bealls, including serving as president and chief retail officer, from January 2020 to February 2023. He joined Bealls, which is based in Bradenton, Fla., in 2012, as president.

In an emailed statement to Chain Store Age, Kohl's said that Alves  is leaving "to pursue other opportunities."

"We thank Dave for his leadership and wish him all the best in his future endeavors," the company stated.

Alves’ appointment as Kohl’s COO came several weeks after the retailer’s board appointed Tom Kingsbury as permanent CEO.  And it comes one day before the company is scheduled to release its third-quarter earnings. Kohl's reported declines in its second-quarter earnings and sales, although both were in line with its  expectations.

Kohl's has more than 1,100 stores in 49 states.

11/20/2023

Survey: Cybersecurity matters to consumers ahead of shopping holiday weekend

Image
Online shopping

With the Thanksgiving holiday shopping weekend days away, a new survey shows that cybersecurity is increasingly important to consumers making online purchases.

In a new study from Cybersecurity Guide,  57% of respondents “frequently” use websites to make purchases, and 42% use the internet to “sometimes” shop. When it comes to online spending this year, 41% intend on spending between $100 and $500, 19% of respondents plan on spending between $500 and $1,000, and 14% of respondents plan on spending more than $1,000.

Respondents in the survey say that site reputation and a sense of security online matter. A wide majority of respondents (68%) said that they avoid certain websites because of cybersecurity issues, while only 21% said they did not.

The cautiousness about non-secure websites comes from personal experience for many. According to the survey, 48% of respondents said they had dealt with ID or payment information theft online.

Cybersecurity Guide found that consumers product their identity and payment info online in a number of ways:

  • 53% of respondents use credit monitoring services
  • 20% of respondents use identity monitoring services
  • 52% of respondents use password managers
  • 18% of respondents use virtual private networks (VPNs)
  • 14% of respondents use other security services
11/20/2023

7-Eleven issues online holiday merchandise assortment

Image
7-Eleven holiday merchandise

7-Eleven Inc. is getting into the seasonal spirit with its online licensed gear and memorabilia store.

The convenience giant is now featuring a collection of holiday-themed apparel and accessories on 7Collection, an online merchandise shop featuring exclusive apparel and accessories, such as vintage tees and hats, it first opened in summer 2022.

The collection features a range of gifts and home accessories, including holiday sweaters, gift wrap and bags, beverage accessories, holiday ornaments, beanies and hats, and e-gift cards redeemable for any and all merchandise available on 7Collection.com. 7Collection will offer shoppers 25% off all merchandise Nov. 22-26. On Cyber Monday, Nov. 27, shoppers who purchase one item will receive 50% off the second item purchased.

"After some epic 7Collection drops in 2023, we're closing out the year with new holiday apparel and accessories that will be on every 7-Eleven superfan's wish list," said Marissa Jarratt, 7-Eleven executive VP, chief marketing & sustainability officer. "We curated this collection with all of our brand fans in mind - car accessories for car lovers, beverage holders for Big Gulp and coffee drinkers, and new apparel for fashion aficionados. This collection captures the spirit of the season, blending our brand's iconic style with a touch of holiday magic."

7-Eleven’s digital licensed merchandise venture follows in the footsteps of a number of retailers in the fast food vertical. Fast food chains including Dunkin’, McDonald’s, White Castle. and Arby’s have all opened online shops selling branded merchandise, including holiday-themed seasonal collections.