retail news in context, analysis with attitude

With brief, occasional, italicized and sometimes gratuitous commentary…

•  Raley’s announced that it "will provide an appreciation award to every hourly store, distribution center, pharmacy, production bakery and support center team member. The reward amount will be $500 for full-time team members and $250 for part-time team members … This is the fourth and largest award provided over the past five months."

•  Department store chain Kohl's has joined the march of retailers deciding to close on Thanksgiving, saying it is a away to reward employees stressed out by the pandemic.

Walmart started the parade last week, and since has been joined by Target, best Buy and Dick's Sporting Goods.

It should be noted that many retailers are using the pandemic as a rationale for starting their end-of-year holiday shopping seasons earlier than usual, figuring that appropriate physical distancing will mean that stores won't be as crowded as usual.

Which almost certainly is true.  But it also means that e-commerce is likely to have a banner year.

•  USA Today reports that "JC Penney is looking to go forward with a sale of the business to avoid a brush with liquidation.  The company went into bankruptcy last May.

"The retailer's attorney, Joshua Sussberg of Kirkland & Ellis, said during a bankruptcy court hearing Wednesday that the sale should be completed by the fall under an expedited process and rebuffed rumors of a liquidation of the entire chain."