7 hours ago
Amazon To Shut 68 Physical Stores, Trading Books For Groceries And Apparel
Amazon began as an online bookstore, but now it’s shutting its brick-and-mortar bookstores to focus more closely on groceries and fashion.
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Retail
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Lessons Learned For The Future Of Retail
Jeff Owen, chief operating officer of Dollar General, discusses keeping your customers at the center of your strategy, evolving and strengthening your connection with them, keeping a laser focus on giving them relevant experiences where they are and other lessons for the future of retail.
7 hours ago
Fashionphile Bags Nearly $500 Million In Revenue As Post-Pandemic Inflation Further Fuels The Luxury Resale Market
With fashion houses raising prices due to soaring costs and inflation, the secondary market is expecting another boom.
13 hours ago
Is Analogue The New Digital? Papier Pursues $200 Billion Global Stationery Market
With the intention of creating "category defining" personalised paper goods, stationery start-up Papier raised $50 million in Round C funding in February to expand their product range and fuel expansion into the United States.
14 hours ago
Nasdaq Halts Trading In ‘Russian Amazon’ As Ozon Stock Crashes
In March 2021, Russian ecommerce giant Ozon Holdings was still basking in a $1 billion Initial Public Offering (IPO), announcing a $750 million bond issue and at the early stage of a year of soaring online sales in Russia.
14 hours ago
How Pandora Plans To Double Its U.S. Jewelry Sales After Breaking $1 Billion In 2021
Pandora, the Danish jewelry company, broke global and U.S. sales records in 2021. It's recently appointed general manager North America, Luciano Rodembusch, shares plans for an even stronger result in 2022.
14 hours ago
REI Plans To Grow Lifetime Membership Program To 50 Million, Here’s How
REI announced that for the first time in 84 years it is significantly changing its lifetime membership program. REI currently has 21 million members and plans to increase membership to 50 million by 2030 with the new program.
17 hours ago
Nordstrom Reports Fourth Quarter 2021 Results In Line With Expectations
Management indicated that The Rack increased profitability and took advantage of the supply chain and inventory flow.
19 hours ago
Billionaire Trio Behind Singapore’s Sea Ltd See Fortunes Tumble After Earnings Disappoint
The three cofounders of Sea Ltd. saw their collective net worth tumble $1.9 billion on Tuesday after the Southeast Asian internet giant said its online gaming business would likely face headwinds this year.
Mar 1, 2022
A Bullseye For Target Delivering $106 Billion In Annual Sales
Target revenue has surpassed a great milestone reaching $106 billion in 2021. Sales increased 13.3% over last year with operating profits up 36.8%. For the fourth quarter, sales were up 9.4% with operating income up 14.1%.
Mar 1, 2022
Retailing Experts Split On Amazon Split
The RetailWire BrainTrust had a lively debate on whether Amazon should remain a single company, with some expressing the view that the online titan lifts all boats, just by being there.
Mar 1, 2022
Target Provides A Robust Outlook And Strong Holiday Earnings
Team Target met with the investor community in New York this morning for the first time in over two years. And over the course of two and a half hours shared the strategies and tactics that have enabled Target to grow from a $70 billion in 2017 to a $106 billion company in in 2022.
Mar 1, 2022
Target Gaps Higher On A Positive Reaction To Quarterly Earnings
Here's how to buy and sell the retail giant.
Mar 1, 2022
Five Digital Trends That Will Change Commerce In 2022
Metaverse, ultrafast delivery, green e-commerce, click-and-collect perks and data-driven loyalty will redefine commerce this year.
Mar 1, 2022
Kohl’s Posted Increased Sales And Earnings In 2022
Fully diluted earnings per share were $2.20 in the quarter compared to $2.22 in 2021 and $7.33 in the full fiscal 2022 compared to $0.21 in fiscal 2021.
Mar 1, 2022
5 Reasons Why Amazon Go Is Already The Greatest Retail Innovation Of The Next 30 Years
Retail innovation cycles every 30 to 40 years. E-commerce was the last great innovation, and Amazon Go is now set to carry the torch.
Mar 1, 2022
Swoosh: Why Nike’s Foot Locker Cutback Could Devastate Other Retailers
The big footwear company’s move to cut out distribution to Foot Locker is the canary in the coal mine when it comes to big brands pulling out of third party distribution
Feb 28, 2022
Lack Of Media Interest In Walmart’s Smart Label Program Is Stunning, But Not Surprising
Most journalists who cover Retail know very little about RFID. This explains why some big recent news from Bentonville has gone unnoticed.