Author Mike Duff
The Retail Robustness Index is a Coresight Research effort to determine which retailers are best able to cope with the coronavirus crisis and Costco now ranking second might not surprise anyone.
In its 2020 Back-to-School and Back-to-College studies, Deloitte determined that, amid financial concerns, back-to-school spending will likely remain flat, reaching a collective $28.1 billion for kindergarten through grade 12 students, or approximately $529 per student.
For the five week fiscal month of June, Costco reported net sales of $16.18 billion, up 11.1% from the period a year earlier.
Kroger said that Joe Grieshaber, svp/chief merchant, is retiring after more than 37 years of service. The retailer is promoting Stuart Aitken, who will assume the role.
J.C. Penney has decided to close its Manhattan Mall location in New York’s Herald Square.
Retail sales this year will come up short of 2019 totals, but e-commerce sales will take a bigger than expected leap, according to research from eMarketer.
Sally Beauty has provided an interim update on the impact of COVID-19 on its business operations as well as actions taken by the company in response, along with the release of preliminary fiscal third quarter unaudited financial details including e-commerce sales increases.
As it looks to deliver personalized health care and shopping offerings, Walgreens Boots Alliance has expanded its strategic partnership with Microsoft and Adobe, one established to launch a world-class digital experience and customer insights platform.
In the first quarter, Macy’s posted a big loss, but the company said recovery from COVID-19 pandemic-related shutdowns has been strong.