Coresight: Fewer 2020 U.S. Store Closings Than Expected
Despite a difficult year, Coresight Research noted that far fewer retailers closed their doors in 2020 than many observers anticipated, including Coresight itself.
News Type
Placer: Visit Duration Critical To Costco’s Holiday Gains
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.
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.
Lore Leaving Walmart As Retailer’s Digital Priorities Change
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.
NRF: Holiday Sales Came In Stronger Than Expected
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.
NRF Welcomes Aid From Biden Stimulus Plan
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.
Conference Board: Global Consumer Confidence Gains
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.
Atlanta Votes For People’s Choice Winners
Atlanta Market named five “People’s Choice” winners in its Winter 2021 Market Snapshot.
Conn’s Opening Pair Of Tampa Stores
Conn’s is entering the Tampa, FL, market with two stores debuting early next month and a distribution center on the way.
Home, Same-Day Fulfillment Boost Target Holiday Sales
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.
Nordstrom Holiday Sales Stumble But Digital Shines
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.
Wüsthof Group Names Schmitz CEO
Wüsthof Group named Jan-Patrick Schmitz CEO and chairman of its management board.
McArdle Named Fissler USA Managing Director
James McArdle was named managing director of Fissler USA. McArdle had served as interim managing director since July 2020.
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.
Target Helps Consumers Celebrate Valentine’s At Home
For Valentine’s Day this year, Target is loading in gift items, with an emphasis on inexpensive cooking and crafting, for at-home celebrating.
App Update Gives Ikea Customers Greater Access
Ikea U.S. has launched a new and improved app, the company announced, developed to transform its previous in-store companion app into a shopping platform.
Bublé Helps SodaStream Introduce bubly Drops
SodaStream is partnering with is calorie-free sparkling water brand bubly to launch ‘bubly drops’ in several flavors, backed by a new consumer advertising campaign staring famed pop singer Micheal Bublé.
IMC’s JuniperWeb Keeps Growing
The International Market Center Juniper operation, which offers a suite of B2B digital sales and marketing tools, continues to add clients with 17 gift and home vendors recently committing to adopt JuniperWeb for their B2B e-commerce website needs.
Walmart’s Whiteside: Redefining The Consumer Relationship
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.
Qurate’s George Cites Retail Achievements In NRF Keynote
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.