Before the pandemic, if you can remember that long ago, there was a back-to-school shopping season and a holiday shopping season, and never the twain shall meet. With so much time between August and November (relatively speaking), Nikki Baird, vice president of retail innovation at...
Executives at Ross Stores, the parent of Ross Dress for Less and dd’s DISCOUNTS apparel and home goods stores, are concerned that a global supply chain crunch driven by the COVID-19 Delta variant could deliver a hit to upcoming earnings, even as the company reported...
Foot Locker Inc. benefitted during the fiscal quarter that ended July 31 from strong demand and relatively low supplies of products — factors that combined let the supplier of athletic shoes and apparel maintain sales without having to discount heavily, a top executive with the...
In today’s top retail news, Amazon is reportedly planning to open department store-style retail locations in the coming years, while Lowe’s, Home Depot and other home improvement stores see an increase in professional traffic as consumers dig into bigger home projects. Also, new luxury brands...
Target will be debuting sortation centers to help boost the speed of business, according to a company blog post. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Farfetch, which works as a global platform for the luxury industry, has seen its gross merchandise volume (GMV) exceed $1 billion since last year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Today in restaurant and grocery tech news, SpartanNash rethinks its supply chain, while Just Eat Takeaway.com launches a debit card. Plus, Ocado has a rough few months. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
For the first time in its history, United Kingdom-based eGrocery company Ocado is seeing sales fall. Sales dropped 0.7 percent year over year for the 12 weeks ending Aug. 8, data analytics company Kantar reported Tuesday (Aug .17), the first downturn for the company. Get...
Amid widespread ingredient shortages, rising food costs and disruptions, grocery distributor and retailer SpartanNash is rethinking its entire supply chain. The company’s President and CEO Tony Sarsam told analysts on a call on Thursday (Aug. 19) discussing Q2 earnings that the company is making major...
