Retail

Today’s Top Retail News: Nike CEO Touts Digital; KKR Purchases 1-800 Contacts

Today’s Top Retail News: Nike CEO Touts Digital

In today’s top retail news: Nike’s CEO touts digital commerce as the “new normal,” KKR will acquire 1-800 Contacts, and Amazon is launching its Climate Pledge Friendly program to call out sustainable products.

Nike CEO: Digital Is the New Normal

Nike lapped the field in its Q1, as it reported revenues were $10.6 billion, down only 1 percent vs. 2019 numbers. The real star was Nike’s digital sales, which increased 82 percent, while women’s apparel digital sales spiked 200 percent.

KKR Agrees to Purchase 1-800 Contacts from AEA Investors

1-800 Contacts unveiled a deal through which investment firm KKR will buy the company from AEA Investors, according to a Wednesday (Sept. 23) announcement. The deal comes after a number of years of formidable expansion and innovation for the vision company that AEA Investors bought in 2016.

Amazon Rolls Out 'Climate Pledge Friendly' Program

To help make it simple for consumers to find and buy more sustainable items, Amazon has unveiled its new Climate Pledge Friendly program. Shoppers will now see the Climate Pledge Friendly label on more than 25,000 items, showing that the products have at least one of 19 sustainability certifications.

Google Touts Services for Local Brick-and-Mortar Businesses

Google is touting offerings to help brick-and-mortar small businesses, including local inventory ads, automated bidding systems and its existing My Business suite of services.

Amazon Prime Day Reportedly Set for Oct. 13-14

Several credible sources have reported that long-postponed Amazon Prime Day 2020 will be now be held Oct. 13 through 14. Many of the sources have quoted an internal Amazon email that sets the date. Amazon normally holds its big Prime Day of special sales in July, but has been postponing this year’s date since the pandemic began.

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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