The NPD Group reported that holiday sales for key general merchandise categories it covers were up just 0.2% in 2019 versus 2018, according to weekly point-of-sales results, although critical housewares segments were strong.
Bed Bath & Beyond suffered a rough third quarter, with earnings dipping into the red, but in his first conference call as the company’s CEO, Mark Tritton provided his view of how the company would turn things around, including an expansion of in-store pickup and the launch of a new vendor collaboration program.
Macy’s brought together nearly 800 brand partners in New York City to discuss general industry trends, business highlights, strategic programs and brand innovations, and also update key growth initiatives.
Walmart is introducing a Capital One Walmart Rewards Credit Card program, which launches with two new cards and makes tapping the retailer’s online operations, including grocery pickup and delivery, more attractive.
Kohl’s is boosting its hiring plans for the back-to-school, fall and holiday seasons, as well as a 130-store “omni power center” pilot program.
Walmart decided to bring technological experimentation down to the store level as it tests tech in application but also in terms of how consumers respond to an enhanced retail environment.
Stein Mart is boosting its omnichannel capabilities and streamlining its approach to merchandise planning with Oracle Cloud.