Retail

Retail
Wegmans Places Purchase Limits On Items To Prevent Panic Buying
November 18, 2020

As a response to the recent rise in COVID-19 cases across the U.S., Wegmans issued guidelines and safety measures to manage shopping crowds during the holiday season. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Bain Study: COVID Batters Luxury Goods Sales, Sparks Innovation
November 18, 2020

While the ongoing COVID-19 pandemic has hit the luxury goods market hard, it has also spurred underlying change in the business, according to a new study by Bain & Co. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
TJX To Add eCommerce To HomeGoods Site Amid Lagging Physical Sales
November 18, 2020

Retail giant TJX Cos. said Wednesday (Nov. 18) that it plans to add eCommerce to its HomeGoods.com site in 2021 as same-store sales at its flagship Marshalls and T.J. Maxx brick-and-mortar stores continue to suffer from the pandemic. TJX said as part of its fiscal...

Retail
Target Q3 Earnings Show Continued Momentum For Digital-First Strategy
November 18, 2020

Target continued its winning digital-first strategy for the third quarter as the company announced another triple-digit eCommerce spike on its earnings call Wednesday (Nov. 18). By the digital numbers the company rode its “store as a fulfillment center” model to a 155 percent growth rate...

Retail
Nike Launches Community-Minded ‘Unite’ Stores With Digital Focus
November 18, 2020

Nike continues its sprint into the digital-first world with Nike Unite stores, with nine locations slated to be in operation this year. In a news release, Nike said the new program is built around offering “new in- and out-of-store experiences” and catering to local interests....

Retail
Narvar, Simon Partner To Make Retail Returns Easier
November 17, 2020

Customer experience platform Narvar is partnering with real estate investment trust Simon to facilitate easier retail returns, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Pinduoduo Aims To Raise Up To $5.6B To Boost Online Grocery Shopping
November 17, 2020

Chinese eCommerce platform Pinduoduo plans to raise up to $5.6 billion to invest in its one-day delivery service of farm goods across China, among other projects. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Alibaba Retail Exec: Chinese Consumers Spending More Amid Pandemic
November 17, 2020

Shoppers in China are making up for lost time, throwing money at luxury goods and cosmetics amid the COVID-19 pandemic, according to a CNBC report on Tuesday (Nov. 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Kohl’s Comp Sales Drop 13.3 Pct As Pandemic Cuts Into Clothing, Footwear Sales
November 17, 2020

Kohl’s reported Tuesday (Nov. 17) that the pandemic has cut into its clothing and footwear sales, slashing comparable sales by 13.3 percent in Q3. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...