To help show businesses which product areas are increasing in popularity, Google is rolling out a rising retail categories tool. The feature shows quickly-growing categories related to products in Google Search along with the inquires associated with them and the places where they are increasing,...
With COVID-19 shuttering its retail locations, Tuesday Morning Corp. is mulling a possible bankruptcy filing. The off-price home goods merchant has had discussions with lenders regarding a bankruptcy loan, but no formal decisions have been reached, Bloomberg reported, citing unnamed sources. Get the Full Story...
Retail must, and will, change following the coronavirus, with consumer behavior shifting from brick-and-mortar to eCommerce and merchants making adjustments to their inventory selections and safety measures. Gap Inc., in one case, intends to have fabric face masks on offer, such as a pack of...
Two United Kingdom cinema chains are hoping to raise the curtain at movie theaters by mid-July to begin to recoup losses from the COVID-19 pandemic, the Financial Times reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The retail reopenings underway hit a few roadblocks on Wednesday (May 6), as Nordstrom’s, L Brands and Lord & Taylor all checked in with bad news. All three companies had reported liquidity problems since the pandemic crisis started, but the convergence of the three events...
It used to be that controllable and somewhat predictable factors like price, selection and location defined retail success. More recently it was data-driven decisioning and location-based services that could bring a competitive advantage. In the post-pandemic world, the rules have changed. The factors that will...
As consumers stocked up on merchandise amid the coronavirus pandemic, CVS Health Corporation reported that front store revenues rose 8.5 percent in the three months concluding March 31 compared to the year before. The health retailer reported that the growth was mainly because of the...
As the coronavirus pandemic speeds up consumers’ transitions to online shopping, Shopify reported that new stores created on the platform jumped 62 percent from March 13 to April 24 compared to the six weeks before. According to the company, the growth was powered by “the...
The Impossible Burger has had an expansive year — making inroads at restaurants like Burger King with the Impossible Whopper and its debut on grocery shelves last fall. But this week, those expansion efforts took a great leap forward with the announcement that Impossible Burger is now going to...
