Toys R Us is opening a flagship store at American Dream
Toys R Us is taking another shot at opening up a store in the United States after its comeback plans were thwarted earlier this year due to the coronavirus pandemic. The toy retailer’s parent company, WHP Global, said Wednesday that it will open a two-level, 20,000-square-foot Toys R Us location at the American Dream megamall in New Jersey in the middle of this month, which will operate on extended hours for the remainder of the holiday season.
In addition to a variety of toy brands and gaming merchandise, WHP said the location will offer experiences for kids, including a two-story slide. It will also have a cafe and ice cream shop. The store will be located nearby the Nickelodeon Universe theme park and DreamWorks water park at the American Dream, adding it to a slate of experiential offerings at the property, which are in a separate wing from the retail stores.
Grubhub users can earn BTC rewards
Food delivery platform Grubhub has partnered with Bitcoin rewards app Lolli to give hungry people the opportunity to earn crypto back on their orders. Lolli said Grubhub customers would be able to earn $1 in Bitcoin (BTC) rewards each time they used the platform’s extension or app. The funds will be available for transfer or storing in a user’s Lolli wallet after earning more than $15, or roughly 0.00026 BTC at the current price of $58,458.
“We must make Bitcoin a part of everyday life,” said Lolli co-founder and CEO Alex Adelman. “Food delivery is a ritual for many and Bitcoin rewards makes Bitcoin a part of that ritual.”
Burger King to cut some menu items
Has Burger King's drive-thru felt slower than normal? The parent company of the fast-food chain said changes are coming to speed up service. Jose Cil, CEO of Restaurant Brands International, which owns chains including Burger King, Popeyes and Tim Horton's, said the company plans to cut some Burger King menu items so their drive-thrus can operate more quickly.
During a presentation at Morgan Stanley's Global Consumer and Retail Conference, Cil said the company noticed the chain's speed of drive-thru service had "declined significantly."
Signet Jewelers Continues To Grab Market Share
Astounding is the only word that can describe the recovery of the jewelry industry from the pandemic. By jewelry-industry expert Edahan Golan’s estimate, U.S. overall jewelry sales are up more than 50% through October compared with 2019 pre-pandemic levels and 56% over same period last year.
Astounding too describes Signet Jewelers SIG -4.2%’ results this year. Through October, Signet sales are up 65% compared with last year – $5 billion over $3 billion in 2020 – and 26% over the 2019 pre-pandemic period.