COVID-19’s hit to brick-and-mortar shopping and the broader global economy slammed worldwide luxury goods sales in 2020, but purchases are actually soaring among Asian, Gen Z and online shoppers — who are sometimes one and the same. Get the Full Story Complete the form to...
The traditional shopping mall consisting of retailers, a food court and maybe a hair salon or two is going the way of the dinosaur. But experts say they can survive — and even thrive — if they repurpose themselves into a mix of cool retailers...
American Express is debuting new promotions for American consumer, small business and co-brand card members in addition to small retailers to start 2021 amid the pandemic. The promotions offer support to navigate through COVID-19’s impact and plan for the future, according to a Tuesday (Jan....
Of all the businesses that have embraced a digital shift during the pandemic, the adaptation of the nation’s auto industry has been one of the most transformational. As much as COVID accelerated trends that were already occurring, said Aaron Krane, CEO of digital auto platform Modal,...
Pepsi has launched a new campaign called “Dig In” aimed at helping generate sales of at least $100 million for Black-owned restaurants around the country, which have been particularly hard-hit by the pandemic. Get the Full Story Complete the form to unlock this article and...
In today’s top retail news, retail sales fell 25 percent in Hong Kong in the first 11 months of 2020, while Afterpay reported a 30 percent rise in the average basket size for its customers in the U.S. over the holidays. Plus, a large rise...
With the holidays all over except for the returns, it’s time for the troubled mall sector to face the existential crisis that it avoided thanks to what looks like a decent season in terms of foot traffic, despite the pandemic. Local reports from Houston, Washington,...
As the pandemic repelled high-spending visitors and local shoppers spent less, retail sales in Hong Kong plummeted 25 percent in the first 11 months of 2020, the South China Morning Post reported. Get the Full Story Complete the form to unlock this article and enjoy...
Afterpay said on Monday (Jan. 4) that the average basket size for its customers in the U.S. rose by 30 percent in a comparison of the 2020 and 2019 holiday shopping seasons, according to an announcement. Get the Full Story Complete the form to unlock...
