Lowe’s Ellison, Wayfair’s Shah Foretell Tech’s Surging Retail Impact

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.

Bed Bath & Beyond’s 2020 Trials Ready For 2021 Rollout

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.

Deloitte: Time To Rethink Strategic Priorities

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.

IMC’s JuniperWeb Keeps Growing

The International Market Center Juniper operation, which offers a suite of B2B digital sales and marketing tools, continues to add clients with 17 gift and home vendors recently committing to adopt JuniperWeb for their B2B e-commerce website needs.

Bed Bath & Beyond Finds Comp Gains In Rough Q3

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.

Wayfair Boosts Hourly Worker Pay

Effective January 3, Wayfair established a $15 minimum wage for all employees including  full-, part-time and seasonal workers across its operations in the United States, the company has announced.

NRF: Thanksgiving Weekend Sales Meet Expectations

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.

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