In today’s top retail news, CarLotz, Inc. says it has received the necessary approval from its investors to complete a potential merger with a blank-check company, while PriceSmart, Inc. reported a 7.7 percent rise in net merchandise sales from Q1 fiscal 2020 to Q1 fiscal 2021....
Amazon has ended one of its first efforts to sell food online, with the eCommerce retailer closing its Prime Pantry service. Many items available under the Prime Pantry name in the past were integrated into its main website, Bloomberg reported Get the Full Story Complete...
America’s last major video rental store chain has finally yelled “Cut!” on its brick-and-mortar operation. Family Video, which operates some 200 stores in 17 Midwest and Southern states, announced this week that it’s closing all physical locations after four decades in the business. Get the...
The U.S. economy should see a “meaningful economy recovery” in 2021 as vaccines battle the pandemic and fresh government stimulus kicks in, according to Chief Economist Jack Kleinhenz of the National Retail Federation (NRF). However, he doesn’t expect U.S. economic growth to return to pre-pandemic...
Warehouse club retailer PriceSmart, Inc. reported as part of its Q1 fiscal 2021 operating results that net merchandise sales climbed 7.7 percent to $838.4 million from $778.7 million in Q1 fiscal year 2020, according to an announcement. Get the Full Story Complete the form to unlock...
CarLotz, Inc. said on Friday (Jan. 8) that it has attained the needed green light from its shareholders, including the go-ahead from a supermajority of minority shareholders, to finish a proposed merger with blank-check company Acamar Partners Acquisition Corp., according to an announcement. Get the...
At a time of huge digital transformation when consumers have quicker access to more products and services than ever, why be clunky if you can be seamless? So goes the thinking of Jason Hogg, the recently hired executive vice president of the Preferred Lease unit...
The new year is here, and the grocery business gets to finally close the book on a difficult and complicated 2020. But while the year may be over, the pandemic that defined it will be an issue for the foreseeable future. Still, according to several...
In today’s top retail news, Walgreens Boots Alliance, Inc. reported that its Retail Pharmacy USA segment had $27.2 billion in sales for Q1 fiscal 2021, while Bed Bath & Beyond reported its digital sales increased by nearly double during its fiscal Q3. Plus, digitally native mattress and...
