Prospecting: Key Moves from National Retail Brands This Week.
Dollar General has opened a new distribution center in North Little Rock, AR, the discount retailer announced. The 1-million-square-foot facility will support the company’s traditional supply chain, its DG Fresh network and the DG Private Fleet, according to a press release. Dollar General opened its first store in Arkansas in 1975. This is the company’s first distribution center in the state.
Belk is gearing up to open two additional outlet stores in its home state of North Carolina, according to a news release. Both locations, one at Eastridge Mall in Gastonia and the other at Triangle Town Center Mall in Raleigh, will open this spring. The locations will each convert their first floor into an outlet, while the second level will operate as a traditional Belk store.
Another Save A Lot is set to open this week, in Jersey Shore, PA. Shoppers can check out the new supermarket during Thursday’s (Feb. 27) grand opening. Following a 9am ribbon cutting, the owners are giving away a free bag of groceries to the first 25 shoppers. The celebration continues throughout the weekend, with free samples, including a nacho bar, popcorn and cotton candy. The Save A Lot in Jersey Shore is open daily from 8am to 9pm.
In a new promotion that ties into the notion of micro-occasions and also spotlights breakfast offerings, The Kroger Co. is launching its first “Hour Back Box” timed with the switch to Daylight Savings Time. Given the loss of an hour’s sleep, the retailer aims to “make daylight savings a little easier this year.” The free, limited-edition Hour Back Box from Kroger is filled with store brand breakfast products. Offerings include the grocer’s Private Selection Cold Brew Coffee Concentrate, Simple Truth Oatmilk Creamer and Kroger Frozen Breakfast Sandwiches, as well as a gift card redeemable for a one-year Kroger Boost membership. Daylight Savings Time begins on Sunday, March 9 at 2am.
McDonald’s will serve its bagel breakfast sandwiches nationwide, the company said in a news release. Additionally, McDonald’s locations in New York City began serving Krispy Kreme doughnuts Tuesday, in an expansion of the doughnut marker’s partnership with the Golden Arches. Both items on the expanded menu are accompanied by in-app discounts on the Egg McMuffin to commemorate 50 years of McDonald’s breakfast, the release says.
Home Depot narrowly beat Wall Street’s fourth-quarter earnings estimates Tuesday. The home improvement retailer posted positive comparable sales after eight straight quarters of declines.
High interest rates and home prices have challenged the businesses of Home Depot and its rival Lowe’s.
Fabrics outlet Joann will shutter all its approximately 800 locations after failing to find a buyer that would keep its stores open. In a statement, the company said it would commence nationwide going-out-of-business-sales as a stipulation of the group that won its assets at auction. Joann was founded as the Cleveland Fabric Shop by German immigrants during World War II. At one point, it was the largest fabrics retailer in the U.S.
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