Business News. ... 'Lifeline' grants for hospitality and retail firms. The ice cream maker has developed Doggie Desserts, two flavors of frozen treats that will be sold at grocery and pet stores. Honoring MLK Day. Retail experts have some tips on navigating the new returns landscape. The appointment comes as sales in the U.S. market are likely to be overtaken by China this year. Pawnbroker H&T surges as Mothercare reveals struggles. The CES Show was virtual this year but that didn’t stop the continuing expansion of home furnishings and household products debuts. Read the breaking Retail coverage and top headlines on Forbes.com Latest Retail News A collection of our latest news articles covering everything from customer experience and retail technology trends to best practices and digital transformation. The latest fashion retail news spanning the different fashion industry sectors including department stores, high street chains, online retailers, independent retailers, brands and suppliers. Petco, In Its IPO Bid, Says It Can Outrun The Competition. Pandemic drives growth of ghost kitchens. The latest breaking news, ... Self-service supermarkets could be bad news for retail workers. If you couldn’t get your hands on a PS5 for the holidays, or clicked the “buy” button seconds too late to score a pair of Yeezys, you may have felt like the market is rigged against you. Marc Lore, the architect of Walmart Inc.’s digital ascent, is leaving at the end of January his role as president and CEO of U. S. e-commerce at the world’s largest retailer. retail news. “There’s never a perfect time to pass the reins, but it just felt as perfect as it can get right now,” The Container Store CEO Melissa Reiff said after announcing new chief. News coverage of the retail business, shopping trends, development and more in Los Angeles. “They might not redeem their cards until the second quarter, and it may trickle in during the course of the year,” former Walmart U.S. CEO Bill Simon said. Get ready to dust off the Manolo Blahniks—the return of “Sex and the City” is on the fashion horizon. The offices of Chain Store Age are officially closed on Monday, Jan. 18, in recognition of Martin Luther King Jr. Day. OCALA, Fla., Jan. 12, 2021 /PRNewswire/ -- The HiBid.com auction platform broke numerous records in 2020 for sale, lot, and bidder totals, facilitating the sale of … Business Standard News: Check out Future Retail (FRETAIL) latest news, breaking news headlines from Business Standard News | Page 1 Retailers report mixed sales results for end of 2020 and start of 2021. All the latest news about Retailing from the BBC. Holiday returns will look different for many after Christmas with the pandemic. Investors pour $1bn into buying up small merchants on Amazon ... Dec 17, 2020, 5:50 am EST . Forbes is a leading source for reliable news and updated analysis on Retail. All Rights Reserved. The latest news, updates and analysis on the the UK retail industry. Retail sales in the United States had a record-breaking fall in the U.S. last month amid the coronavirus pandemic. The U.S. Commerce Department said Friday that retail sales fell a seasonally adjusted 0.7% in December from the month before, a decline Wall Street analysts weren’t expecting. The Amazon founder ended the week on top of the world, but he wasn’t one of the 10 biggest gainers of the past 7 days. Unemployment claims rise … Holiday Sales Hit $876 Billion: By The Numbers. Who Is Abraham Wald And What Can He Teach Retail About Data? CNBC 01/15/2021. Stay abreast of topics including coronavirus, Brexit, sustainability, CVAs and administrations, business rates, discounting and financial results. Get all latest & breaking news on Retail Stores. Macy’s has notified the employees at about 45 of its department stores that they will close by the middle of this year, CNBC has learned. Dec 21, … ... 'Loads of shoppers breaking rules' in supermarkets. Urban Outfitters shares tumbled after the apparel retailer reported disappointing holiday sales and announced its current chief executive is set to depart. Find the latest Retail Insight, News & Articles from all top sources for the Indian Retail industry on ET Retail. L Brands said its same-store sales during the holiday period were up 5%, compared with a 3% drop a year earlier. We cover topics like retail tech, marketing, e-commerce, logistics, in-store operations, corporate retail news, and more. Walmart is launching the pilot as more customers look for convenient and contact-free ways to stock their fridges. Retail grows to $560-bn in 2014; FDI hopes hang in balance. Chipotle Mexican Grill CEO Brian Niccol said Tuesday that the company will “strongly encourage” employees to receive the coronavirus vaccine. Copyright © 2021 NBCUniversal Media, LLC. They must also be open to embracing Customer Based Corporate Valuation principles to guide future strategic decisions. The confluence of health, social, political and environmental crises is causing consumers to rethink their priorities, and that includes what and how they eat. Here’s What The Board Should Be Shopping For, If You’re Tired Of Your Decor, Consider The Bold Style Of Balenciaga Collaborator Crosby Studios, Retail Was Remarkably Resilient In 2020, But Has Been Changed Forever, ‘Sex And The City’ Returns: Can The Show Known For Fashion Help Boost Retail. Shipments processed at the Port of Los Angeles were up 22% in November as American consumers bought more goods online, Executive Director Gene Seroka said. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Jeff Bezos Once Again The World’s Richest Person After Rollercoaster Week, Meet The Michigan Congressman—And Billionaire’s Son—Who Voted To Impeach Trump, Marc Lore, Who Engineered Walmart’s Digital Transformation, To Step Down, Elon Musk Is The Richest Person In The World—Again, Petco Is A Winner On Its First Day Of Trading, Poshmark More Than Doubles In IPO, Pushing Valuation Above $7 Billion. Retail landlords are not immune from the tremendous impact on commercial businesses due to COVID-19, ranging from government directives to implement social distancing, travel bans and sheltering at home to the mandatory closures in some states of restaurants, retail, entertainment and other "non-essential" businesses. All rights reserved, Why Retailers Are Selling Out of Hot Items Like PS5 and Yeezy Sneakers in Seconds, Taco Bell's Mea Culpa to Vegetarians: Potatoes Are Back and It Will Test Beyond Meat Menu Item, Urban Outfitters Shares Tumble on Disappointing Holiday Sales, Retailer Taps Harrington as CEO, Walmart Will Test Grocery Deliveries to a Smart Cooler on Customers' Doorsteps, Walmart to Create Fintech Start-Up With Investment Firm Behind Robinhood, Shake Shack Stock Jumps 6% After Burger Chain Says Sales Grew in Latest Quarter, Driven by Digital, UK Entertainment Revenues Topped $12 Billion Last Year, Ben & Jerry's Debuts Frozen Dog Treats, a Passion Project Inspired by Its Pet Friendly Workplace, Main Street Looks Ahead to PPP Relaunch as Covid Outbreak Grows More Severe, Victoria's Secret Parent L Brands Says Holiday Same-Store Sales Rose 5%, Offers Upbeat Profit Outlook, Starbucks Promotes Rachel Ruggeri to CFO as Pat Grismer Retires, Reiterates Outlook, Macy's Is Shuttering 45 More Locations This Year, as Part of Its 3-Year Store Closure Plan, Mall of America Is No Longer Delinquent on $1.4 Billion Mortgage, Drones, Bots and Virtual Stores: How Your Pandemic Shopping Boosted New Trends in Retail, Surge in Online Shopping Is Straining America's Busiest Port, Official Says, Dealing With Holiday Returns During the Pandemic, Holiday Gift-Card Buying Could Help Boost Retail Sales in 2021, Ex-Walmart Exec Says, The Container Store CEO Opens Up on Retiring, Says ‘We're in a Perfect Spot', Chipotle Will Not Require Its Employees to Get the Coronavirus Vaccine, Peloton Shares Hits All-Time High as Investors Bet Precor Deal Will Ease Manufacturing Delays. Danielle Jaymes, general manager of Poway Weapons & Gear, sold a shipment of 192 Glock 19s in a week, she said, and 9mm ammunition is so popular that she rations purchases to 100 rounds per day. Peloton shares hit a record high on the heels of the company’s announcement that it plans to buy Precor for $420 million. The retail giant interacts with millions of customers, including some who don’t have a relationship with a bank or a financial advisor. From Walmart’s self-driving delivery trucks to American Eagle’s virtual stores, the retail industry has advanced several years in just nine months, experts say. IndyVenture. While the previous UPA government had allowed up to 51 per cent FDI in multi-brand retail, no foreign retailer apart from Tesco had approached the government for permission to set up stores to sell multiple brands under one roof. For the three month period of October through December, retail sales were up 4.9% over last year hitting almost $1.3 trillion. 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