In its 2020 Back-to-School and Back-to-College studies, Deloitte determined that, amid financial concerns, back-to-school spending will likely remain flat, reaching a collective $28.1 billion for kindergarten through grade 12 students, or approximately $529 per student.
For the five week fiscal month of June, Costco reported net sales of $16.18 billion, up 11.1% from the period a year earlier.
Kroger said that Joe Grieshaber, svp/chief merchant, is retiring after more than 37 years of service. The retailer is promoting Stuart Aitken, who will assume the role.
The 2020 National Hardware Show in Las Vegas, originally postponed from early May to September 1-3 as the COVID-19 pandemic escalated during the spring, has been cancelled as an in-person event for this year because of the continuing impact of the pandemic, according to Reed Exhibitions.
J.C. Penney has decided to close its Manhattan Mall location in New York’s Herald Square.
The Home Improvement eRetailer Summit has been rescheduled for March 7-9, 2021, from its previously scheduled date of October 7-9, 2020 in response to travel and public health uncertainties created by the spread of the coronavirus.
TTI Floor Care North America has unveiled an enhanced version of its Hoover SmartWash automatic carpet cleaner. The new Pet version offers easy-to-use, deep-cleaning technology with new features to tackle carpet and upholstery cleaning needs of households with pets.
Housewares product developers or retailers looking for guidance on where to focus critical resources in the coming months and years can find some insights in a new webinar series from the International Housewares Association. The six-part series, which runs Tuesday and Thursdays July 9-28 and features the newly created IHA Market Watch report, offers a deep-dive into each of five key consumer lifestyle trends, highlights shifts in light of the pandemic and includes implications for both suppliers and retailers.