KKR & Co., Blackstone Group Inc. and other big lenders to department store chain are in talks with the retailer and Sycamore to avoid bankruptcy after the Chapter 11 process proved hard to manage for other retailers during the pandemic, the Journal stated, attributing the information to people in the know.
The Kroger Co. is testing the KroGO, a smart cart with a built-in scale and camera that offers what the company characterized as an easier shopping experience with less contact and faster checkout.
If 2020 was a year that put flexibility and adaptability at the forefront of retailer and supplier considerations, the International Housewares Association has observed that anyone participating in the home goods sector will face new and ongoing challenges, such as rising costs from many factors, as the COVID-19 pandemic fades.
Staples recently sent the board of The ODP Corp., parent of Office Depot and OfficeMax, a letter proposing an acquisition and the recipient replied that it would proceed on its own terms, which might include a deal between the two companies covering the consumer-facing side of its business.
Sephora is launching a pair Sigma Beauty beauty care products, the Sigma x Sephora SigMagic Scrub and the Sigma x Sephora Brush Cleaning Set Brush Cleaning Set.
Bed Bath & Beyond has completed the sale of Cost Plus World Market to Kingswood Capital Management, a Los Angeles-based private equity firm, the retailer announced.
At a time when customer acquisition and retention are critical issues, Walmart and Walgreens demonstrate how retailers are looking at financial services as a way to boost customer engagement.
As part of a seminar at the National Retail Federation’s Big Show Chapter 1, an ongoing virtual event to be followed in June by a now virtual Chapter 2, Marvin Ellison, president and CEO of Lowe’s and Niraj Shah, co-founder and CEO of Wayfair, discussed the development of their companies before and through the COVID-19 pandemic. The retail executives then looked beyond at a future when the application of technology will improve and simplify the consumer shopping journeys and purchase decisions.
Supermarket operator H.E.B. is the only retailer among large companies operating in the United States to make the top 10 in the Glassdoor Employees’ Choice Awards. H.E.B. ranked 10th.
Despite a difficult year, Coresight Research noted that far fewer retailers closed their doors in 2020 than many observers anticipated, including Coresight itself.
To store traffic tracker Placer.ai, evaluating Costco’s holiday results requires looking back through the full year 2020. The tale has a stellar ending.
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.
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.
The National Retail Federation reported retail sales during 2020’s November-December holiday season grew an unexpectedly high 8.3% compared to the same period in 2019 to $789.4 billion.
The National Retail Federation President and CEO Matthew Shay issued a statement supporting President-elect Joe Biden’s plan to combat the coronavirus and stimulate the nation’s economic recovery.
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.
Conn’s is entering the Tampa, FL, market with two stores debuting early next month and a distribution center on the way.
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.