The National Retail Federation, which recently concluded the online first chapter of its 2021 Big Show, said it is shifting Chapter 2 of the show, originally set to be live at New York City’s’ Javits Center the first week of June, to an online event.
Despite a difficult year, Coresight Research noted that far fewer retailers closed their doors in 2020 than many observers anticipated, including Coresight itself.
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.
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.
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.
In the first quarter, Walgreens Boots Alliance earnings slipped as the company divested its pharmaceutical wholesale business and boosted its investment in VillageMD while accelerating the rollout of full-service primary care clinics in stores.
Coresight Research indicated that e-commerce in the United States didn’t just grow in 2020 it jumped all the way to 2023.
With COVID-19 cases spiking in much of the United States, consumers are again adjusting their shopping habits, in part to stock up on essentials, with 48% of consumers more concerned about the pandemic now than a month ago, according to a Shopkick survey.
This holiday season, Walmart has added new features to make online shopping easier for gift givers, the company announced, including new categories in the Gift Finder tool, new ways to inform customers which items can be sent as a gift and a new eGift Card feature in the Walmart app.
In a complex retail marketplace roiled by the COVID-19 pandemic, the National Retail Federation forecast that sales in the November and December holiday season will gain between 3.6% and 5.2% this year versus the 2019 period to a total between $755.3 billion and $766.7 billion.
Blackhawk Network, which develops branded pay products, has determined that the COVID-19 pandemic has renewed consumer interest in home, redecorating and DIY projects as suggested by a study conducted from August 24 to 31 indicating that home good gift cards purchasing had increased 71% year over year.