The COVID-19 pandemic has driven Bed Bath & Beyond to adopt and advance initiatives quicker than it ever intended. However, that has helped the retailer boost its proficiency in developing and applying data and exercising its operational flexibility in application in ways that the company expects has better prepared it to thrive in the year ahead.
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Marc Lore is retiring from Walmart as the company continues to move away from individual new e-commerce initiatives and focuses on integrating the online and store business elements.
International consumer confidence increased in the fourth quarter of 2020, according to The Conference Board Global Consumer Confidence Survey, with North America being among the most optimistic world regions.
Target Corp. comparable sales in the combined November/December holiday period grew 17.2%, driven by a 4.3% increase in traffic and a 12.3% advance in average ticket, and aided by home merchandise sales.
With the COVID-19 pandemic continuing to trouble consumers, Nordstrom has announced that sales slid 22% for the nine-week 2020 holiday period ended January 2 versus the comparable period a year earlier.
In the Deloitte 2021 Consumer Products Industry Outlook, the consulting firm identified five “no regret” strategic moves that will mark the direction of the sector, based on several dozen scenario tests as well as a survey of CP company executives.
For Valentine’s Day this year, Target is loading in gift items, with an emphasis on inexpensive cooking and crafting, for at-home celebrating.
Walmart’s Janey Whiteside, the retailer’s evp and first chief customer officer, said the year ahead continues its trend to make shopper lives easier, which means delivering core purchases to consumers as they need them and, so, gradually changing how they relate to retailers.
In the opening keynote address kicking off the virtual Chapter 1 of the National Retail Federation Big Show, Mike George, president and CEO of Qurate Retail Group and NRF chairman, spotlighted how the retail sector reacted to the COVID-19 pandemic and social turbulence over the past year, emphasizing how the industry worked to improve conditions in communities around the United States.
The Atlanta Market, January 12 to 19 at AmericasMart, is showcasing housewares that touch on the Made From Scratch trend.…
As it continues to enhance operations that allow the company to offer customers ways to manage money, Walmart has announced the creation of a new fintech startup enterprise designed to develop and offer modern, innovative and affordable financial solutions.