If it weren’t for a certain pandemic that is dominating most news, the two biggest stories in retail over the past week would have been stunning at any other time. Both of them came from companies that rely on a decidedly old-school business model: brick...
Storefronts that provide services have exceeded the number of those offering clothes and other merchandise. Per a JLL report, the number of service-based retailers rose 20.5 percent between 2002 and 2017, coming in at 1.2 million spaces, while retailers offering goods declined 4.5 percent to...
With an arrangement that would strengthen its commitment to energy drinks, PepsiCo will buy Rockstar Energy in a $3.85 billion deal. Pepsi has had a distribution agreement in North America with Rockstar as of 2009. The move comes as Pepsi and Coca-Cola have both been...
The advance of Amazon’s cashierless technology is not a new story to the retail beat as of 2020. Since the first AmazonGo retail location opened in early 2018 with its much-hyped walk-in, walk out retail technology designed to make the line at checkout a thing...
Dick’s Sporting Goods said another 440 stores would no longer sell guns this year, as the company moves to purge firearms from its retail stores, reports indicated Tuesday (March 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Furniture is a tough business. In January eCommerce leader Wayfair had to thin its employee ranks to meet profit targets, and just this week regional Midwestern home furnishings retailer Art Van Furniture filed for bankruptcy with minimal customer notice. So when Branch Co-Founder and CEO...
Walgreens and Postmates are bringing their on-demand delivery collaboration to 13 more cities. Shoppers in San Francisco, Chicago, Charlotte and Phoenix, among other cities, will be able to receive health and wellness products, as well as other convenience items, sent to them through Postmates from...
To make sure its retail staffers are healthy, Apple is giving its hourly employees, with the inclusion of retail workers, unlimited sick leave if they experience coronavirus symptoms, 9to5Mac reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
As customers visit Costco to stock their pantries amid the coronavirus outbreak, CFO Richard Galanti said on an earnings call last week that the retailer’s procurement team is “working, in some cases, around the clock to procure supplies for both existing suppliers and from other...
