Retail

Retail
Sycamore Negotiates To Keep Belk Out Of Chapter 11

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.

Retail
Kroger Testing KroGO Smart Cart

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.

Retail
IHA Shares Lessons Learned In Adapting During Pandemic

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.

Retail
Lowe’s Ellison, Wayfair’s Shah Foretell Tech’s Surging Retail Impact

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.

Retail
Bed Bath & Beyond’s 2020 Trials Ready For 2021 Rollout

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.

Retail
Deloitte: Time To Rethink Strategic Priorities

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.

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