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Should Costco Be Opening Members-Only Gas Stations?
"I think it’s a great idea, and the timing couldn’t be better. This may attract new customers who will convert to shopping in the stores, who may not have otherwise."
- Pamela Kaplan, BrainTrust panelist
How would you rate Costco’s move to open up stand-alone gas stations?
How Timely Is the Planned Lowe’s Website Renovation Focusing on Personalization?
"For Lowe’s, this is less about blunt recommendations of what to buy, and more about building a context around the customer to ensure that what’s being shown is relevant."
- Neil Saunders, BrainTrust panelist
What's happening in retail?
Here are our picks for top news impacting retailers today:
The U.S. dollar has seen renewed strength as late, hitting a 10-month high on March 30. Perceived as a safe haven investment during times of turmoil and bolstered by oil price hikes — and the U.S. being a net crude exporter — the dollar continues to show signs of resilience (via Reuters).
Nike is poised to release its third-quarter report as March 31 draws to a close, with analysts largely expecting mixed results. Revenue is anticipated to come in at $11.2 billion, and EPS at $0.28, versus $0.54 last year (via Seeking Alpha).
DoorDash has announced partnerships with four new brands — Steve Madden, Urban Outfitters, Dolce Vita, and Rally House. “Expanding apparel on DoorDash allows us to better serve those [unexpected] occasions while also helping retailers connect with new customers,” said Shanna Prevé, CRO at DoorDash (via Chain Store Age).
Marks & Spencer is once again selling its wares in the U.S., this time via a collaboration with Nordstrom. M&S will be launching a curated capsule of womenswear in 30 Nordstrom U.S. stores, as well as an online offering (via Forbes).
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