The digital shift in the during the pandemic has been substantial. But the retail industry may need new and bigger adjectives as the COVID-19 crisis wears on in some geographic areas and moves on in others. Because new evidence shows that eCommerce market share could...
No one ever said RH Chairman and CEO Gary Friedman was shy. His ringing endorsement of the luxury goods market, released yesterday as his annual letter to shareholders, was a clarion call to the frontlines of retailing during a decidedly difficult time. Get the Full...
As it took “decisive actions” to maintain liquidity, Express Inc. reported “continued momentum” with its The EXPRESSway Forward long-term strategy, as a phased reopening of retail locations started on May 1. The retailer, however, reported that consolidated net sales dropped 53 percent to $210.3 million...
American Eagle Outfitters, Inc.’s digital demand accelerated in the first quarter, powered by brand health and formidable shopper engagement. Management reported that online sales jumped 33 percent, and that store closures and inventory liquidation had a substantial impact on the company’s Q1 results. Get the...
Imagine if a North American company had the market share of Amazon, the payment flexibility of PayPal and the credit portfolio of Visa. In Latin America, such a company exists in the form of MercadoLibre, a triple-threat regional financial powerhouse based in Argentina. It is...
Banana Republic will donate more than $20 million in clothes to Americans in need to help with the financial strain of the pandemic through its Will Work for a Better Republic initiative, a press release states. Get the Full Story Complete the form to unlock...
As it looks to hire employees in lower-cost states, Stitch Fix Inc. told its approximately 1,400 California-based stylists that they would be laid off. Many of the layoffs will occur in September. The impacted individuals will have the opportunity to move to remain with the...
Another month of the pandemic and another first of the month when retail lease payments are due. As the crisis enters its fourth month, counting March, two new earnings reports indicate that about 60 percent of retailers are paying their rent — with a few...
The forces closing in on retail have forced its various trade and advocacy groups to press their case in Washington. Among those forces: 2.1 million in the industry out of work as of April, spring inventory still sitting in stores and various government programs that...
