Peloton, the leading maker of connected fitness products, has moved to resolve its manufacturing and order backlog problem by acquiring Finland’s Precor for $420 million. Investors applauded the announcement to increase capacity, and drove Peloton’s stock to an all-time high, while marking a 400 percent...
The automotive market continues to fire on all cylinders despite the pandemic as online and offline sales have either remained flat or trending up for Q3. The latest case for its resiliency comes from CarMax, announcing Q3 earnings on Tuesday (Dec 22) that showed solid...
Almost half of Americans (46 percent) intend to travel for the December holidays amid the pandemic, according to press release from online automotive marketplace and solutions firm Cars.com. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Amid a year in which over 11,000 retail closings have been announced, past Macy’s CEO Terry Lundgren foresees that disruption to the retail vertical related to COVID-19 will continue into 2021 and possibly bring about additional closings of stores, CNBC reported. Get the Full Story...
Texas-based supermarket chain H-E-B will now let customers pay for groceries for curbside or home delivery using SNAP benefits online or via a mobile phone, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
In today’s top retail news, Walmart shoppers can return items that are bought through the web and are shipped and sold by Walmart.com without needing to leave their residences, while Dick’s Sporting Goods is collaborating with Instacart for same-day delivery. Plus, Kroger customers can now...
Nike showed in its latest earnings report that the sportswear giant is “just doing it” when it comes to three of the COVID-19 era’s hottest retail trends – digital-first shopping, direct-to-consumer (D2C) sales and building a killer loyalty/rewards program. Get the Full Story Complete the...
Ten million packages. Gridlocked. These are some of the numbers and terms being used to describe the state of holiday shipping as the last week of the holiday shopping season plays out. The issues with getting the digital-first economy to become the deliver-first economy have...
Walmart shoppers can return merchandise bought through the web that is shipped and sold by Walmart.com without having to leave their residences. Shoppers can now set up a time for a return via the retailer’s new Carrier Pickup by FedEx service, which is complimentary and...
