Staples recently sent the board of The ODP Corp., parent of Office Depot and OfficeMax, a letter proposing an acquisition and the recipient replied that it would proceed on its own terms, which might include a deal between the two companies covering the consumer-facing side of its business.
As part of a seminar at the National Retail Federation’s Big Show Chapter 1, an ongoing virtual event to be followed in June by a now virtual Chapter 2, Marvin Ellison, president and CEO of Lowe’s and Niraj Shah, co-founder and CEO of Wayfair, discussed the development of their companies before and through the COVID-19 pandemic. The retail executives then looked beyond at a future when the application of technology will improve and simplify the consumer shopping journeys and purchase decisions.
To store traffic tracker Placer.ai, evaluating Costco’s holiday results requires looking back through the full year 2020. The tale has a stellar ending.
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.
Target Corp. comparable sales in the combined November/December holiday period grew 17.2%, driven by a 4.3% increase in traffic and a 12.3% advance in average ticket, and aided by home merchandise sales.
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.
In the Deloitte 2021 Consumer Products Industry Outlook, the consulting firm identified five “no regret” strategic moves that will mark the direction of the sector, based on several dozen scenario tests as well as a survey of CP company executives.
For Valentine’s Day this year, Target is loading in gift items, with an emphasis on inexpensive cooking and crafting, for at-home celebrating.
In an effort to bring support operations closer to customers, Amazon has announced that it plans additional investment in the metro Detroit area with five new buildings.
In the second quarter, Bed Bath & Beyond indicated that advances in core categories and digital operations helped drive comparable sales gains and an adjusted earnings turn around, but the company still fell short of a Wall Street earnings estimate.
Coresight Research indicated that e-commerce in the United States didn’t just grow in 2020 it jumped all the way to 2023.
THG Holdings PLC, a company headquartered in the United Kingdom, has agreed to acquire Target Corp.-owned online skincare and beauty brands retailer Dermstore.com for $350 million in cash, subject to regulatory approval in the United States.
The annual survey Prosper Insights & Analytics conducts for the National Retail Federation demonstrated that, while not all up in 2020 versus 2019, the sales numbers for the Thanksgiving weekend period still demonstrated that the overall holiday season is on track to meet expectations.