In today’s top retail news, Ross Stores, Inc. said its fourth-quarter sales exceeded forecasts but the pandemic proved to be a hurdle for traffic, while Vestiaire Collective completed a financing round. Plus, Nordstrom reported that it experienced a decline in fourth-quarter sales. Get the Full...
The contextual commerce wave has been building for quite some time. In 2018 — a full two years before the words “global pandemic” became a part of everyone’s day-to-day vocabulary — Karen Webster noted in a commentary that in an economy increasingly running on consumer...
Target began rolling out grocery pickup and drive-up across the United States over the summer in an effort to compete with the low-contact options offered by competitors. The service allowed customers to place digital orders in advance through the retailer’s website or app. Pickup customers...
Luxury retailer Nordstrom said it posted a 20 percent decrease in fourth-quarter sales and an 82 percent decline in earnings as higher than expected merchandise markdowns, increased freight costs and COVID-related expenses crimped profits. Get the Full Story Complete the form to unlock this article...
Dollar Tree, the country’s second-largest operator of discount stores, said Wednesday (March 3) that it is accelerating store growth and renovations this year as it looks to boost sales and profits at its more than 15,000 locations. Get the Full Story Complete the form to...
Of all the many aspects of daily life disrupted by the pandemic, few have been as disappointing and costly as the wholesale cancellation of weddings, which are often planned and paid for more than a year in advance. Now that the vaccine rollout is progressing...
French pre-owned fashion platform Vestiaire Collective completed a 178 million euro (approximately $215 million) financing round. American investment firm Tiger Global Management and French luxury company Kering were among the investors, Finsmes reported. Get the Full Story Complete the form to unlock this article and enjoy...
Off-price apparel and home fashion chain Ross Stores, Inc., which has 1,585 locations in 40 states, said that fourth-quarter sales came out ahead of its forecasts, although the pandemic proved to be a headwind for traffic, according to a press release. Get the Full Story Complete the...
As consumers turn to digital platforms to fulfill more and more of their basic needs, smaller, more traditional businesses are forced to adjust their operations to meet the changing needs of their base. Get the Full Story Complete the form to unlock this article and...
