Given that roughly 15 percent, or 690, of TJX Corporation’s off-price retail stores in Europe and Canada are currently still closed due to pandemic restrictions, the Framingham, Massachusetts company’s fourth-quarter results must be taken with a large grain of salt. They are estimated to take...
You might think that the head of a major wine delivery service would be worried about the prospect of Uber’s $1.1 billion acquisition of 60-minute alcohol ordering platform Drizly, but for Drinks.com Co-Founder and CEO Zac Brandenberg that’s not the case. Get the Full Story...
Klarna reported record gross merchandise volume for the full year January to December 2020, with total net operating income exceeding $1 billion, according to a Thursday (Feb. 25) announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Belk has finished its financial restructuring, working out an accelerated pre-packaged single-day reorganization. The department store retailer’s plan of reorganization garnered near-full support from its current lenders, according to an announcement. The plan allows for vendors and landlords to receive full payment amid normal ongoing...
The National Retail Foundation (NRF) said it expects that the vaccine rollouts will continue to help boost retail sales and the economy, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
In today’s top retail news, GoFor Industries has debuted a “Shop Local” effort in some U.S. cities, while certain CVS Pharmacy stores in six additional states will get COVID-19 vaccines to qualified populations. Plus, Lowe’s reported total sales of $20.3 billion for the fourth quarter....
Software-as-a-Service (SaaS) online shopping platform BigCommerce has teamed with Walmart in a new partnership. The collaboration will let qualified U.S. retailers sell merchandise directly on Walmart Marketplace, providing them with access to over 120 million unique shoppers visiting the Walmart website monthly, according to a Wednesday...
As the automation of food service progresses, new robots are emerging to tackle a wider range of kitchen tasks. Previously, we saw robots take on salads, bowls and burgers. Now, two new restaurants in Illinois created by Nala Robotics will use automated kitchens to create...
Whether it’s small businesses with a single employee, a Fortune 500 retailer doing a product launch or an A-list celebrity discussing her new book, the impact and intimacy of streaming commerce platform TalkShop.Live is gaining converts as well as conversions. Get the Full Story Complete the...
