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Retail

Trimming profits (access required)

With New Jersey in the midst of a second wave of COVID-19, now might seem like an odd time to loosen restrictions on businesses. But Christine Modica, who heads the New Jersey Salon and Spa Alliance, said the rules put in place for hair salons and other so-called “personal care businesses” have been suffocating at times.

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Safe shopping (access required)

Just over half of all shoppers are nervous about shopping for holiday gifts in stores due to COVID-19, and 1 in 3 say their financial situation is worse year over year, according to Deloitte’s 2020 Holiday Survey: Reimagining Traditions. While these findings don’t mean that consumers are shirking Black Friday and Small Business Saturday entirely this year, 2020 holiday retailing certainly will look different.

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clothes on a rack on a flea market.

In with the old (access required)

For major retailers getting into the pre-owned market – like Levi's, Gap and Walmart – retail analyst and sales consultant John Livesay referenced the switch from movie rentals to streaming: “Nobody takes their position for granted anymore. I’m sure the people at Blockbuster were very busy until the whole thing fell apart, whereas the people at Netflix were like ‘what’s the brand, what can we be doing?’”

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Dels Village Shopping Center, 115 Hawkins Place, Boonton.

Acme to buy 27 Kings Food Market and Balducci’s for $96.4M (access required)

“Our company has a history of managing small, differentiated chains that offer an elevated experience, like Andronicos and Haggens in the western U.S.," said Mid-Atlantic Division President Jim Perkins in a press release. "When we leverage their team’s expertise and continue to deliver what their customers want, these stores can thrive.”

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Marijuana / cannabis plants.

The cannabis campaign (access required)

In what ordinarily would seem like the 11th hour, due to COVID-19, bipartisan advocacy groups on either side of the issue are navigating new waters: How can they get through to voters, who they can’t interact with in person, to answer one way or another Public Question No. 1: “Do you approve amending the Constitution to legalize a controlled form of marijuana called ‘cannabis’?”

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