In a customer study, Meijer found that 60% of shoppers plan to spend the same money on food and gifts this holiday season as they have in the past but will splurge on those closest to them, with kids being particular beneficiaries.
Moderate gains in homeowner spending for improvements and repairs are expected through much of next year as initial concerns of a possible pandemic-induced downturn have largely dissipated, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
Target is extending enhanced team member wages and benefits and has provided a business update related to the impact from the COVID-19 pandemic including quarter-to-date comparable sales growth of more than 7%, reflecting a slight decline in stores and a more than over 100% growth in digital channels.
Springboard Futures, a new style and consumer trend services firm founded by industry veteran Tom Mirabile, said the company is making its inaugural style and trend report available to retailers and manufacturers at no cost.
Kohl’s has partnered with Lands’ End to offer the retailer’s entire assortment of women’s, men’s, kids, and home merchandise on Kohls.com, directly fulfilled and shipped by Lands’ End, beginning fall 2020.
As it also unveiled executive changes, Target reported that November/December holiday season comparable sales registered a 1.4% increase but that home department comps were off slightly.
J.C. Penney Company narrowed its net loss in the second quarter ended August 3, 2019, and asserted that it was making progress with its turnaround plans. In addition, the retailer named a new gmm/home.
In the second quarter ended June 30, eBay continued reviewing its operations portfolio even as it beat a Wall Street earnings estimate.
HEMA, a Dutch producer and retailer primarily of household goods, is expanding into North America, with a Walmart deal central to the initiative.