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July 31, 2021

Online shopping

Parents are preparing to pay more this back-to-school season as inflation hits wallets, KPMG survey finds

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CNBC – For more and to sign up click here A worker stocks shelves of back-to-school supplies at a Target store on August 03, 2020 in Colma, California. Justin Sullivan | Getty Images News | Getty Images Parents are preparing to pay up this back-to-school season, as prices on items......

Investors show no appetite for Chinese online grocery firms that just listed in the U.S.

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CNBC – For more and to sign up click here A driver packs delivery orders into the back of an electric motorcycle outside a Missfresh warehouse. Gilles Sabrie | Bloomberg | Getty Images GUANGZHOU, China — Two Chinese grocery delivery start-ups — Missfresh and Dingdong — have had uninspiring starts......

3D technology can help grow online home goods sales, Wayfair co-founder says

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CNBC – For more and to sign up click here Niraj Shah, chief executive officer of Wayfair, attends the annual Allen & Company Sun Valley Conference, July 10, 2019 in Sun Valley, Idaho. Drew Angerer | Getty Images News | Getty Images Wayfair expects advancements in 3D technology to improve......

First day of Amazon Prime Day draws most online spending so far in 2021, Adobe says

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CNBC – For more and to sign up click here Workers retrieve boxes at an Amazon fulfillment center on Prime Day in Raleigh, North Carolina, U.S., on Monday, June 21, 2021. Rachel Jessen | Bloomberg | Getty Images The first day of Amazon‘s 48-hour Prime Day event is expected to......

Louis Vuitton-owner LVMH believes the future of retail will be mostly in store

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CNBC – For more and to sign up click here Due to social distancing, shoppers wear protective masks while waiting in line outside Louis Vuitton as South Coast Plaza reopens, requiring customers maintain a social distance and wear face masks at South Coast Plaza Thursday, June 11, 2020 in Costa......

Other major retailers launch competing sales for Amazon Prime Day

CBS News
CBS News – For more and to sign up click here Other major retailers launch competing sales for Amazon Prime Day – CBS News Watch CBSN Live Last year, Amazon Prime Day raked in over $10 billion dollars in sales for the retail giant, but the super shopping event is......

Americans are dining out again. Target wants to lure them back to the kitchen with grocery deals

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CNBC – For more and to sign up click here Customers shop in the grocery area at a Target Corp. store in Chicago, Illinois, U.S., on Saturday, Nov. 16, 2019. Daniel Acker | Bloomberg | Getty Images Electronics, toys and food? As Target kicks off a rival sales event to......

Amazon Prime Day starts soon. These are the top deals so far

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CNBC – For more and to sign up click here Amazon driver Shawndu Stackhouse delivers packages in Northeast Washington, D.C., on Tuesday, April 6, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images It’s typically one of the biggest sales of the year. And in 2021, Amazon Prime Day......

China’s JD Logistics set to raise $3.2 billion in Hong Kong IPO

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CNBC – For more and to sign up click here Workers from Chinese e-commerce giant JD.com prepare parcels for delivery at the company’s main logistics hub for Singles Day on November 11, 2020 in Beijing, China. Kevin Frayer | Getty Images News | Getty Images GUANGZHOU, China — The logistics......

As more retailers turn to tech, Macy’s store employees score victory in challenging self-checkout in mobile app

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CNBC – For more and to sign up click here People wear facemasks as they walk through Herald Square on January 8, 2021 in New York City. Angela Weiss | AFP | Getty Images When Macy’s rolled out a new self-checkout feature in its mobile app in 2018, the department......

Here’s why Amazon is moving its annual Prime Day shopping event earlier in the summer

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CNBC – For more and to sign up click here Amazon on Thursday confirmed that its annual Prime Day deals event will be shifting earlier this year, as the e-commerce giant looks to boost spending in what is normally a slower time in the retail calendar. The company has yet......

Rent the Runway CEO on expansion into Neiman Marcus in San Francisco

CBS News
CBS News – For more and to sign up click here Rent the Runway CEO on expansion into Neiman Marcus in San Francisco – CBS News Watch CBSN Live Online shopping is now a more than $100 billion industry, which accounts for more than eight percent of all retail sales.......

Crumpled clothes and bare shelves: As retailers like Walmart, Macy’s woo customers back, some have to clean up shop

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CNBC – For more and to sign up click here A man shops for clothes in Macy’s department store in Herald Square, New York. Trevor Collens | AFP | Getty Images Crumpled piles of clothes. Unpacked boxes of inventory. Half-empty shelves. And employees rushing through aisles to grab items for......

Record-setting

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CBS News – For more and to sign up click here Record-setting “Cyber Monday” expected – CBS News Watch CBSN Live Online holiday shoppers are predicted to break records this “Cyber Monday” and spend nearly $3 billion, about a 12-percent increase over last year. CBS News business analyst Jill Schlesinger......

Ready to dress up again, teens turn to online brands Shein and Princess Polly, and thrift store finds

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CNBC – For more and to sign up click here Teen spending is slowly ticking up from record lows, according to a new survey, as teens show signs they’re ready to get dressed up, go out and socialize again. A generation known to be glued to social media apps like......

Walmart bets bigger on online grocery as it ramps up automated fulfillment at local stores

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CNBC – For more and to sign up click here A worker collects shopping carts at a Walmart store on May 19, 2020 in Chicago, Illinois. Walmart reported a 74% increase in U.S. online sales for the quarter that ended April 30, and a 10% increase in same store sales......

Amazon is actually a hero for the American worker

NYPost
Rich Lowry It’s been a terrible year for the American worker, with a notable bright spot courtesy of one of the tech firms in the crosshairs of regulators and lawmakers. If someone had said early in 2020, “A company is going to hire hundreds of thousands of non-college-educated workers during......

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