Imagine if your business was planned in this way: minimal revenue for Q1, and maximum revenue for Q2. And for Q2, an unprecedented pandemic has moved people away from each other and toward perhaps the biggest economic rescheduling exercise in modern history. Get the Full...
Following the suspension of store staffers by one of the largest textile merchants, worker furloughs in the retail sector are now well past 1 million. TJX Companies Inc. said it would furlough most of its U.S. staffers at distribution centers and retail locations, Bloomberg reported. Get...
To make it as easy for shippers to mail a package as sending a text message, Shippo has notched $30 million in Series C funding. The raise, which was led by D1 Capital Partners, brings the shipping platform’s total funding to $59 million. Union Square...
When the chapter is finally written on business during the COVID-19 crisis, there will be stories of the companies that simply fell victim to the virus through no fault of their own. Then there will be the companies that saw chaos and brought order, and...
It’s easy to play Monday morning quarterback for the growth of online grocery. When consumers need essential items but get scared by a high-touch environment, it’s only natural for online numbers to spike. The tough call will be whether online grocery is something that “sticks”...
As March sales and earnings reports start to show up this week, new data indicate that eCommerce sales for essential and nonessential retail will show a dramatic spike. The increase is logical, given the shelter-in-place orders aligned with COVID-19. But recent concerns about supply chains...
As merchants call off orders and lengthen payment terms amid the COVID-19 pandemic, fashion industry suppliers in Britain are cautioning that they could be taken out. Suppliers to one fashion chain with over 400 British shops were told last week that they would not receive...
With a transition on its management team underway, Macy’s announced that Executive Vice President and Chief Financial Officer Paula Price will be departing the company as of May 31. The department store retailer said in announcement that Price will remain in her current position up...
The dreaded “B” word has been circulating with more weight and frequency, as the week opens with nonessential retailers reckoning with life during the contagion. Over the weekend, the U.K. retail scene was stunned when Debenhams – a 242-year-old High Street brand – filed for...
