Another Big Tech player has unveiled plans to join the physical retail party, as Google has announced it will open its first-ever physical retail location in Manhattan’s Chelsea district. In a blog post, Google characterized its new retail location as “a space where customers can...
Amazon Go Grocery is Amazon going, going, gone. The format, which launched in early 2020 as a grocery offshoot of the Amazon Go convenience store chain, included two stores, both in Washington state. One, in Redmond Washington, will be permanently closed, while the other, in...
A spate of solid earnings reports in the home improvement and furnishings space this week has allayed fears that the red-hot nesting trend spawned by the pandemic was starting to fade. As much as the status of the fight against COVID has changed, so too...
In today’s top retail news, Petco’s revenues surged amid growth in pet ownership, while Ralph Lauren’s worldwide digital revenue accelerated throughout owned and wholesale digital channels. Plus, Kohl’s reported net income in the first quarter compared to a loss in 2020. Get the Full Story...
Ralph Lauren Corporation said that worldwide digital revenue accelerated throughout owned and wholesale digital channels and throughout every geography in the fourth quarter, according to a Thursday (May 20) announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
A funny thing has happened on the way to the demise of the department store. Apparently Macy’s and Kohl’s didn’t get that memo. After Macy’s reported a surprising swing to a profit earlier in the week, Kohl’s checked in on Thursday (May 20) with a...
Petco Health and Wellness Company, Inc., which runs more than 1,500 Petco locations throughout the U.S., Mexico and Puerto Rico, said its net revenue surged by 27 percent to reach $1.4 billion in fiscal Q1 2021. Get the Full Story Complete the form to unlock...
In today’s top retail news, TJX Companies reported a surge in net sales, while Lowe’s Companies reported soaring comparable sales for its U.S. home improvement business. Plus, Target reported first quarter earnings that exceeded expectations. Get the Full Story Complete the form to unlock this...
Target reported low- to-mid-single-digit sales growth in the first quarter of 2021, according to a company blog post Wednesday (May 19). While this figure may not sound especially impressive, the comparison included sales for March and April, which in 2020 saw grocery sales surge amid...
