As the pandemic begins to fade, luxury brands are trying to get back on the horse after COVID-19 caused sales to plummet. But rising prices and the growth of eCommerce, which experts say luxury fashion was slow to adopt, potentially leave the door open for...
News of Amazon’s plans to open department store-style physical retail locations in the coming years likely came as little surprise to industry watchers who have seen the eCommerce giant steadily ramp up its in-store offerings over the past several years, first with bookstores and most...
Petco on Thursday (Aug. 19) announced Brian LaRose as the company’s new chief financial officer, succeeding Mike Nuzzo, who will continue as chief operating officer and president of Petco Services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Macy’s on Thursday (Aug. 19) expressed excitement about its second-quarter earnings, saying the showing was enough for the company to boost its fiscal 2021 guidance by almost $2 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Amazon has plans in the works to launch several brick-and-mortar retail locations that will operate similar to department stores. They will likely roll out initially in Ohio and California, The Wall Street Journal reported on Thursday (Aug. 19), citing sources. Get the Full Story Complete the...
In today’s top retail news, Target posted strong second-quarter results on the back of increased traffic at its retail locations, while PYMNTS data shows consumers are continuing to postpone when they expect the pandemic to end. Also, retail businesses may not be utilizing their workforce...
Target’s grocery business may be an order of magnitude smaller than its competitor Walmart, but in terms of growth rate, it is the clear winner. Its food and beverage category saw low double-digit growth in the second quarter of 2021, the retailer announced on Wednesday...
Running a business that has 50 percent inefficiency baked into the single-largest cost center — labor — would likely be unacceptable for most companies. And yet, for many of the nation’s retailers, that untenable scenario is not an academic case study or a doomsday scenario...
Increased traffic at Target’s retail locations in the second quarter drove the company to strong year-over-year sales growth, giving the Minnesota-based retailer confidence that it’s on the right track as investments in its operations continue unabated. Get the Full Story Complete the form to unlock...
