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Retail Types, Stores

Fitch downgrades Macy’s on pandemic fallout into next year

May 27, 2020

Via: Retail Dive

As the country’s largest department store, Macy’s has both advantages and disadvantages. Advantages include decent liquidity. Fitch analysts noted that the company ended last year with $685 million of cash and is now replacing its $1.5 billion unsecured revolver with […]


E-commerce, Retail Types

Walmart Enters the Resale Market

May 27, 2020

Via: Retail Info Systems News

The world’s largest retailer, Walmart, is making its first foray into the resale market. ‌Through an online‌ ‌partnership‌ ‌with resale platform thredUP, Walmart shoppers can now find around 750,000 pre-owned items at www.walmart.com/thredup. Walmart will dip its toes into the […]


Retail Types, Stores

Lowe’s and Home Depot get a boost as customers stay-at-home

May 26, 2020

Via: RetailWire

Same-store sales jumped 12.3 percent at Lowe’s and 7.5 percent at Home Depot in their first-quarters as sheltering Americans found time to tackle household projects. Lowe’s CEO Marvin Ellison said on his company’s conference call last Wednesday that the retailer […]


E-commerce, Retail Types

Amazon shareholders demand more data on worker safety after 8 confirmed COVID-19 deaths

May 26, 2020

Via: Charged

Amazon shareholders have demanded that the company reveal more data about the steps its taking to protect workers after it confirmed eight have now died of coronavirus. Ahead of Amazon’s annual shareholders meeting on Wednesday, a group of shareholders have […]


E-commerce, Retail Types

Alibaba smashes Q4 expectations and tops $1 trillion gross merchandise volume for first time

May 26, 2020

Via: Charged

Alibaba has smashed expectations during its fourth quarter seeing revenues and profits soar as lockdown forced shoppers online. The Chinese ecommerce giant “reported better than expected March quarter results”, after predicting at the end of the previous quarter that it […]


E-commerce, Retail Types, Self-Checkout, Tech

Target to sell products through Instagram Checkout

May 22, 2020

Via: Retail Dive

When Instagram debuted its in-app checkout feature in March 2019, it enlisted more than 20 brands, including Adidas, Nike, Zara and Warby Parker. The feature went on to be a pivotal channel for brands to directly capitalize on their followership. […]


Retail Types, Stores

Walmart And Target Win Big In Sales But Only Walmart Sees Bottom Line Win

May 22, 2020

Via: Forbes

The coronavirus pandemic (COVID-19) will haunt management of Walmart and Target TGT forever. Both companies cancelled their earnings guidance since nobody knows how long the scourge will keep us rooted to our homes. The situation created an extraordinary opportunity for […]


Retail Types, Stores

Best Buy poised to emerge a ‘winner’ as it leans on curbside, digital

May 21, 2020

Via: Retail Dive

In the retail world, Best Buy was particularly well equipped to navigate the rapid changes wrought by the COVID-19 crisis. As consumers shifted their shopping to online and contactless channels, Best Buy’s years of investments in those areas helped it […]


FMCG products, Retail Types

Whole Foods continues to open online-only ‘dark’ stores

May 21, 2020

Via: Retail Dive

Whole Foods is being very selective in the stores it’s choosing to convert to dark locations, making sure it isn’t turning away too many customers who prefer in-person shopping. Three of the six stores were not yet open to the […]


Customer Engagement, Customer Experience

Direct-To-Consumer Brands Are Finding New Ways To Engage With Customers

May 20, 2020

Via: Forbes

Even before the pandemic arrived, acquisition channels and costs were on the top of mind for a lot of direct-to-consumer brands. Since they can’t rely on exposure through big retail chains and online marketplaces, they have to find their own […]