Bed Bath & Beyond has strengthened its liquidity position by executing an $850 million three-year secured asset-based revolving credit facility, or ABL facility, with a syndicate of banks, while also providing additional information on its store reopening process.
In a global Mastercard study conducted in 15 markets around the world, consumers demonstrated that they are moving away from cash and opting for contact-free and digital payments experiences, and they may not go back to old habits even after the COVID-19 pandemic wanes.
Coronavirus-related circumstances and the capabilities the company has developed to serve customers in new ways contributed to big gains The Kroger Co. made in the first quarter, the company asserted.
The new Deloitte report “The future is coming … but still one day at a time,” analyzes market trends that led the consulting firm to identify seven trends that will affect retailers and the vendors who support them as the market emerges from the coronavirus crisis.
Staples U.S. Retail will collaborate with Instacart in the launch of same-day delivery from more than 1,000 of the retailer’s locations in the United States.
Kearney has released its annual consumer and retail M&A report, “Time to Reset, Reposition, and Win,” which explores the current and future deal landscape for consumer product and retail companies identifying omnichannel as a key retail acquisition need.
Smart retail should experience gains as brick-and-mortar stores compete with e-commerce, according to a report from QYResearch.
Sally Beauty Holdings has appointed Kevin Metz vp/e-commerce and Vanathy Lakshmi vp/digital product.
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.