As March sales and earnings reports start to show up this week, new data indicate that eCommerce sales for essential and nonessential retail will show a dramatic spike. The increase is logical, given the shelter-in-place orders aligned with COVID-19. But recent concerns about supply chains...
As merchants call off orders and lengthen payment terms amid the COVID-19 pandemic, fashion industry suppliers in Britain are cautioning that they could be taken out. Suppliers to one fashion chain with over 400 British shops were told last week that they would not receive...
With a transition on its management team underway, Macy’s announced that Executive Vice President and Chief Financial Officer Paula Price will be departing the company as of May 31. The department store retailer said in announcement that Price will remain in her current position up...
The dreaded “B” word has been circulating with more weight and frequency, as the week opens with nonessential retailers reckoning with life during the contagion. Over the weekend, the U.K. retail scene was stunned when Debenhams – a 242-year-old High Street brand – filed for...
Anyone who’s had a Zoom meeting in the past week will attest to the fact that connectivity is having a moment. That doesn’t mean, however, that the star turn expected from connectivity’s guiding light this year will happen. Get the Full Story Complete the form...
Nonessential retail is highly dependent – in some cases, completely dependent – on eCommerce during the COVID-19 crisis. And eCommerce success is dependent upon shipping. Therein lies a serious problem. Because as anyone who has ordered a nonessential item over the past few weeks can...
As its restaurants are shuttered over a lockdown enforced by authorities to keep the coronavirus from spreading, Yum! Brands Inc., the owner of KFC, has reportedly informed landlords in South Africa that it is withholding rent. The policy relates to the just under 50 stores...
To keep their market connected amid the coronavirus pandemic that has made many of them shutter because of stay-at-home rules, fitness studios throughout the country are tapping into digital platforms. Boutique classes are, for the most part, providing complimentary sessions, and, as a result, classes...
Amid the coronavirus, Amazon is delaying its Prime Day summer shopping event to August at the soonest and foresees a possible $100 million impact from extra devices it could possibly now have to offer at a reduced price, according to internal company notes seen by...
