In 2019, 5.4 billion people across the globe downloaded a shopping app. But after that initial download, retailers and purchase aggregators pretty much let users run the course of their screens, never thinking that advanced applications would someday become important. Get the Full Story Complete...
Amid the retailer’s reported impending bankruptcy, an investor group is intending to provide an alternative to a $600 million financing arrangement for Neiman Marcus Group and pressure it toward a sale. The investor group includes Third Point LLC and Mudrick Capital Management LP, Reuters reported. Mudrick recently...
In a plan that frames a phased-in approach to opening retail again, the National Retail Federation (NRF) and the Retail Industry Leaders Association (RILA) debuted a Blueprint for Shopping Safe. The document asks governors to provide uniform and statewide procedures for merchants to use as...
Given the massive and in many cases seismic shifts in the retail landscape because of the coronavirus pandemic, it shouldn’t come as much of a surprise that retail’s shadow side of B2B overstock sales and liquidation is also rapidly shifting. Get the Full Story Complete...
Verizon Communications Inc. said that as most of its stores shuttered following the COVID-19 lockdown, more than 500,000 retail postpaid net losses has led the telecommunications company to withdraw its full-year revenue outlook. Get the Full Story Complete the form to unlock this article and enjoy...
Following a period of lockdown in the nation, Italy’s collection of artisan companies and stationers have begun to reopen their doors. A cautious sense of hope, as well as some uneasiness, exists among business as they slowly return to “normal” commerce, CNBC reported. Get the...
Main Street may not be able to save itself in the aftermath of the COVID-19 crisis. Several small to mid-sized towns and cities were already creating support networks and assistance programs before the crisis, and now they’ve taken on magnified importance. One of those is...
For non-essential retail, once again rent is due and revenue is marginal. This time, as the May leases come due, the financial situation is more desperate and landlords are feeling the pinch as the coronavirus pandemic continues. Get the Full Story Complete the form to...
In the absence of clear federal government direction, retailers are taking reopening guidelines into their own hands. The most notable example comes from Kroger, which shared a COVID-19 reopening playbook for all retailers and supply chain contributors on its website on this week. Get the...
