Target's New Subscription Box; Nordstrom's Plans; KFC's Chicken Shortage

The numbers you need to know today

February 23, 2018

New Box Service: Target is testing out a new clothing subscription box designed for newborns and toddlers. Consumers can choose to receive the box as a quarterly subscription or a single order, and those who choose the former will receive items the next size up, "to match a growing baby." Target is the latest retailer joining the subscription box craze. This past December, JCPenney teamed up with men's subscription box service Bombfell to offer curated boxes to its Big & Tall customers. 

A Private Affair? Nordstrom's founding family group is "finalizing plans to take the US department store operator private," Reuters reports. The company had plans last year to go private, but held off. According to eMarketer's Retail Database, Nordstrom's comparable sales decreased 0.9% in Q3 2017. 

KFC Apologizes for Chicken Shortage: Many consumers expressed grief when several KFC locations in the UK had to close down due to a chicken shortage. In response to the outcry, KFC took out an ad apologizing for the inconvenience. "A chicken restaurant without any chicken. It's not ideal. ... It's been a hell of a week, but we're making progress, and every day more and more fresh chicken is being delivered to our restaurants."

Attracting Upscale Shoppers: Walmart is looking to drive upscale shoppers to its location with the launch of two sites, one focusing on luxury bedding and mattresses and the other on cosmetics, the Washington Post reports.