retail news in context, analysis with attitude

• The Boston Globe reports that after 65 years in business, Johnnie's Foodmaster is ending its run - in addition to the six stores already announced as being sold to Whole Foods, one store is being converted to a Stop & Shop, and three units are being shut down.

USA Today reports on a study from The NPD Group saying that "millennials are eating out roughly once a week less than the same age group's eating habits in 2007 ... The news is a punch in the gut for $632 billion restaurant industry, which is already struggling. Its most important generation of eaters appears to be drifting away. Behind this cultural change is a generation utterly unable to rebound from the financial effects of the recession. Many who are unemployed or underemployed are returning home with their heads down and their hands out. This, in turn, is slowing the growth of the restaurant industry and left it in a nasty battle for market share."

Internet Retailer reports that Toys R Us "has added 'pay in store' to the list of payment options available on its e-commerce checkout pages on ToysRUs.com and BabiesRUs.com. Consumers who select the option at checkout then have to visit one of the retail chain’s 873 bricks-and-mortar stores and pay at any register to have their web orders processed.

"At the register, consumers can opt to pay with cash, check, credit card, debit card or gift card, the retailer says. Payment must be made within 48 hours of receiving the confirmation e-mail for the online order. Consumers must bring a copy of that e-mail or be able to display the e-mail on their mobile phone to complete the payment."

Walmart began offering a similar service earlier this year.
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