Costco’s March and Q1 earnings report was expected to be a referendum on COVID-19 consumer purchase patterns. It didn’t disappoint on that front, but the most significant numbers came from the warehouse club’s eCommerce sales. Get the Full Story Complete the form to unlock this...
The rapidly evolving telehealth category has a new business model. Fruit Street – a virtual one-stop-shop digital diabetes prevention program (DPP) – has partnered with vegetarian meal kit purveyor Purple Carrot to add a retail angle to its health advisory service. Get the Full Story...
Cities are starting to supplement the federal government in an effort to save Main Street businesses from the destructive economic effects of the COVID-19 pandemic. While they will lack the sheer financial clout of federal assistance, they are starting to offer strategies beyond capital infusions...
Amid increasing demand for contactless delivery, Starship Technologies has rolled out a robot food delivery offering in Tempe, Arizona. The firm has been increasing its commercial services, with a plan to expand to 100 colleges by late summer of next year, per reports. Get the Full...
Former Rue21 CEO Bob Fisch said in a recent interview that department stores were “fossils” and belonged in museums only, and new market data doesn’t seem to dispute his opinion. Amid the current coronavirus pandemic, department stores have the highest chance of defaulting among any...
With the COVID-19 pandemic bringing travel to a standstill, Away has announced it is furloughing approximately half of its team and laying off an additional 10 percent. The travel luggage company noted in a Medium post that it has seen sales of its products drop by over 90 percent...
It seems like a year ago, but it was actually only March 8 when discount retailer Burlington announced that it was abandoning its admittedly watered-down eCommerce offering. At the time, several analysts and publications (this one included) split their judgment on the move. On one...
Clienteling — the practice of assigning retail sales associates to high value customers — is having a moment. What was known as a “nice to have” practice pre-COVID-19 has now become a way to keep a valuable channel open as non-essential stores are mandated to...
We know retail was among the categories that contributed heavily to last week’s historic unemployment numbers. What’s not so clear is when those jobs will return or what will happen to the employees who have lost those jobs as a result of the COVID-19 pandemic....
