Retail

Most Recent

  • Big-Box Retail CEOs Say Stimulus Checks Boosted Sales

    Friday 22nd May - 5:41 pm Retail CEOs Say Stimulus Checks Boosted SalesIf you want to know whether stimulus checks are working to rebuild the economy, just ask the world’s largest retailer. Walmart U.S. CEO John Furner, who oversees more than 4,700 stores, ...
  • Grocery Startup Missfresh To Close On $500M In Expansion Financing

    Friday 22nd May - 3:57 pm Missfresh To Close On $500M In FinancingBeijing’s Missfresh Ecommerce Co., a Chinese grocery delivery startup, is expected to receive more than $500 million in expansion financing as COVID-19 has fueled demand for fresh food at home, ...
  • Whole Paycheck Tracker: Amazon, Walmart Shift To Accommodate An Increasingly Digital Retail World

    Friday 22nd May - 2:47 pm Amazon, Walmart Shift To Accommodate Digital RetailAs the nation faces gradual reopenings in all 50 states over the next few weeks, U.S. consumers coming out of the pandemic won’t be quite the same as they were ...
  • Instacart Adds Shopper Safety Feature To App

    Friday 22nd May - 2:13 pm Instacart appInstacart, the online grocery marketplace, has added a safety app to ensure its shoppers are protected amid the COVID-19 pandemic, the San Francisco-based company announced on Friday (May 22). Instacart has ...
  • Alibaba’s GMV Tops $1T As Mobile Orders Surge

    Friday 22nd May - 12:01 pm Alibaba’s Gross Merchandise Volume Tops $1TAlibaba Group Holding Co. reported results on Friday (May 22) that showed continued pivots to online commerce and mobile shopping, amid lockdowns that have shuttered brick-and-mortar retailers. The company said that ...
  • NRF Cautions On Treasure Hunt Shopping

    Friday 22nd May - 11:11 am reopeningThe reopening of retail is bound to portend changes for businesses as well as consumers. The National Retail Federation (NRF) and other groups have released guidelines for store operation and ...
  • Ex-Stitch Fix COO Says Yes To AI-Powered Fashion

    Friday 22nd May - 11:00 am fashionFormer Stitch Fix COO Julie Bornstein is behind a new startup announced earlier this week called The Yes. Launched with ex-Google technical guru Amit Aggarwal, the women’s fashion site is billed with ...
  • Philly Consortium Advances ‘Regenerator’ Concept For SMBs

    Friday 22nd May - 11:00 am Philly Advances ‘Regenerator’ Concept For SMBsThe data painted a dark picture for Main Street retail this week, with a new Facebook & Small Business Roundtable study showing that over 30 percent of small to medium-sized ...
  • Bright Spots In Retail Earnings And Cosmetics Sales

    Friday 22nd May - 11:00 am Bright Spots In Retail Earnings, Cosmetics SalesTJX reported earnings that showed a fast uptick for store opening traffic after having closed all of its retail locations globally in March, without an eCommerce shopping capability. And cosmetics is gaining online momentum as the ...
  • Caesars To Resume Gaming, Hospitality Operations In Vegas

    Friday 22nd May - 10:56 am Caesars To Resume Gaming, Hospitality In VegasAs it gears up to reopen in Las Vegas, Caesars Entertainment Corporation said it would resume its gaming and hospitality functions at Flamingo Las Vegas and Caesars Palace at “the ...
  • Ross Stores Begins Reopening After Reporting Sales Drop

    Friday 22nd May - 10:26 am Ross Stores Reports Sales Drop, Begins ReopeningAmid the ongoing spread of the pandemic throughout the country, Ross Stores, Inc. reported total Q1 sales of $1.8 billion compared to $3.8 billion in the prior year. The retailer said ...
  • Restaurant Sales Start To Rebound As Diners Return

    Thursday 21st May - 7:53 pm Restaurants Sales Rebound As Diners ReturnIt’s the news many have been waiting to bite into. While fast-food chains with drive-throughs were more prepared than dine-in restaurants to handle the impact of the coronavirus pandemic, the gap ...
  • Mall of America Skips Mortgage Payments Before June Reopening

    Thursday 21st May - 4:51 pm Mall of America Skips Mortgage PaymentsAs an indication of how much retail real estate owners are struggling amid the pandemic, The Mall of America has reportedly skipped two payments on its mortgage of $1.4 billion. ...
  • Macy’s Chief Sees $10B In Opportunities Amid Retail Struggles

    Thursday 21st May - 2:26 pm Macy’s Chief Sees $10B In Retail OpportunitiesShortly after Macy’s warned investors Thursday (May 21) of a probable $1 billion first-quarter operating loss, Jeff Gennette, the iconic store’s chief executive officer, spoke with J.P. Morgan Analyst Matt ...
  • New Jersey Shore To Open Memorial Day Weekend

    Thursday 21st May - 1:45 pm New Jersey shore boardwalkResidents itching to visit the New Jersey shore over the Memorial Day weekend can break out bathing suits and head to the beach. Gov. Phil Murphy told CNBC’s “Squawk on the ...