coronavirus

Retail
Deloitte: Holiday Sales Forecast Remains Uncertain

In its annual holiday forecast, Deloitte anticipates retail sales to increase between 1% and 1.5%, although the consulting firm admits that figuring out what might go on as 2020 ends is particularly uncertain.

Other
Pivoting To A More Responsive Retailer Ranking

First-half retail financials confirm sudden shifts in retailer market share during the pandemic. The results also confirm an unprecedented, yet necessary, pivot by the HomeWorld Business team in the development of its annual ranking of top housewares retailers.

Retail
Century 21 Stores Going Out Of Business

Century 21 Stores has filed for Chapter 11 and plans to commence a wind down of its off-price retail operations and going out of business sales at its 13 stores across New York, New Jersey, Pennsylvania, and Florida after serving customers for nearly 60 years.

Retail
Hudson’s Bay Enhances Health Measures With CleanSlate Sanitizers

Hudson’s Bay is introducing a new initiative to extend its enhanced health and safety measures in its stores. With customer and associate well-being top of mind, select Hudson’s Bay locations will now feature CleanSlate UV sanitizers, a technology that uses medical-grade UV rays to sanitize objects like cell phones, wallets, keys and bank cards.

Retail
Pandemic Accelerates Retail Trends In Supermarket Channel

COVID-19 has brought the supermarket channel to a crossroads, as a tried-and-true format that has been challenged to fundamentally adapt to a disrupted marketplace that could provide the sector some advantage but could severely penalize those that refuse to adjust to an altered reality.

Financials
Burlington Sees Mixed Recovery In Q2

Although it posted a loss, the second quarter wasn’t all bad for Burlington Stores, which beat a Wall Street earnings estimate and managed to drive sales in stores as they reopened, although inventory issues did emerge.

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