retail news in context, analysis with attitude

...with brief, occasional, italicized and sometimes gratuitous commentary…

• The Wall Street Journal this morning, in a story about the winding down of operations at the Great Atlantic & Pacific Tea Co. (A&P) - of its 279 stores, the sales of 108 have been approved, the sales of 92 others are pending, and 79 units remain unsold - carries the following headline: "A&P’s Imprint on New York Region Fades as Stores Close."

What this story misses is that A&P's imprint on the region started fading a long time ago ... the stores may have been open for business, but only barely, as many of them seemed like antiquated throwbacks to an earlier era without charm or relevance.

• The New York Times has a story about how marketers are spending 500 percent more to reach the nation's 75 million millennials than they are on any other demographic group.

According to the story, an analysis by advertising technology firm Turn says that "advertisers spend four times as much on display, four times as much on social, four and a half times as much on mobile and six times as much on video advertising aimed at millennials as they spend on all other age groups combined."

• The School of Business at SUNY New Paltz has announced the formation of the New Paltz Food Industry Council (NPFIC), a new partnership comprised of local business leaders that will assist in the development of a food retail management program within the School of Business’s existing marketing curriculum, highlighted by the debut of two new food classes in fall ’16.

Among the companies that are involved with the NPFIC are C&S Wholesale Grocers, Constellation Brands, Bozzuto’s, Shop Rite, Acosta Brokerage,and MorningNewsBeat.

Yup. And I'm looking forward to offering whatever assistance I can as they get this new food retail management program launched.
KC's View: