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January 17, 2021

RETAILERS

Walmart’s e-commerce chief Marc Lore to leave after jumpstarting retailer’s digital business

CNBC
CNBC – For more and to sign up click here Marc Lore, CEO, Walmart eCommerce Scott Mlyn | CNBC Walmart’s U.S. e-commerce business leader Marc Lore is leaving the big-box retailer, nearly five years after it looked to the serial entrepreneur to help accelerate its online business, according a filing......

Bed Bath & Beyond shares plummet as retailer’s earnings fall short; store closures, divestitures weigh on sales

CNBC
CNBC – For more and to sign up click here Bed Bath & Beyond shares plummeted Thursday, after the retailer reported a quarterly sales decline of 5% from a year ago, which it said was largely due to the sale of non-core assets like Cost Plus World Market and ongoing......

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......

Next up for retailers: A big wave of gift returns

Reuters
NEW YORK (Reuters) – As shoppers tuck their final Christmas presents under the tree, U.S. retailers are bracing for a record-setting flood of returns of online gifts bought during the deadly surge in coronavirus cases. To make the process more efficient, retailers including Walmart Inc and Target Corp let shoppers......

Local retailers turn to delivery apps to make sure your gifts arrive by Christmas

CNBC
CNBC – For more and to sign up click here People shop for holiday items at the Country Store on Main Street in Stockbridge, Massachusetts on December 13, 2020. Joseph Prezioso | AFP | Getty Images With just a few days before Christmas, shoppers are running out of options to......

We need to save Manhattan retail to protect jobs for outer-borough dwellers

NYPost
Nicole Gelinas Before COVID-19, employment in New York was at a record high, with nearly 4.1 million private-economy jobs. And one of the biggest engines of growth was a career opportunity that has existed since Roman times: the supposedly humble job in a store. Without a fast revival in core......

As holiday shoppers pull back on impulse buys, online retailers are forced to crack a retail riddle

CNBC
CNBC – For more and to sign up click here As holiday shoppers browse store aisles, wait in checkout lines and get carried away by the twinkle of Christmas tunes, they often toss extra items into their basket. A box of chocolates. A tube of lip gloss. Or the perfect......

It’s going to be a make-or-break holiday season for these retailers

CNBC
CNBC – For more and to sign up click here A person wears a face mask while carrying shopping bags in Columbus Circle on November 28, 2020 in New York City. Noam Galai | Getty Images More than $766 billion in sales is up for grabs this holiday season, amounting......

The holidays, along with television advertisements, will look different this year

CBS News
CBS News – For more and to sign up click here In one of the toughest holiday seasons ever, retailers are changing advertising tactics to pitch to consumers. Anna Werner reports. Source link To Return to the Main Aggregate News Page – click here...

Will there be another PlayStation 5 and Xbox restock at retailers this year?

CBS News
CBS News – For more and to sign up click here Two of the holiday season’s most coveted gifts went on sale last month, with Microsoft rolling out its Xbox Series X|S video game consoles and Sony debuting the rival PlayStation 5. The only problem: actually finding one of the......

UPS places shipping limits on some retailers as holiday shopping heats up, report says

CNBC
CNBC – For more and to sign up click here A driver for an independent contractor wears a protective mask while operating a delivery truck to delivery N95 respirator masks outside a United Parcel Service Inc. (UPS) Ground sorting facility in Louisville, Kentucky, U.S., on Monday, April 13, 2020. Luke......

Retailers already fear U.S. holiday ‘shipageddon’; now here come vaccines

Reuters
LOS ANGELES (Reuters) – Deliveries of holiday gifts purchased online at major retailers could get delayed by something far more critical – COVID-19 vaccines. Pharmaceutical companies including Pfizer and Moderna as early as mid-December could begin sending inoculations to U.S. healthcare workers and nursing home residents. FedEx and United Parcel......

Retailers already fear U.S. holiday ‘shipageddon’; now here come vaccines

Reuters
LOS ANGELES (Reuters) – Deliveries of holiday gifts purchased online at major retailers could get delayed by something far more critical – COVID-19 vaccines. Pharmaceutical companies including Pfizer and Moderna as early as mid-December could begin sending inoculations to U.S. healthcare workers and nursing home residents. FedEx and United Parcel......

Retailers already fear U.S. holiday ‘shipageddon’; now here come vaccines

Reuters
LOS ANGELES (Reuters) – Deliveries of holiday gifts purchased online at major retailers could get delayed by something far more critical – COVID-19 vaccines. Pharmaceutical companies including Pfizer and Moderna as early as mid-December could begin sending inoculations to U.S. healthcare workers and nursing home residents. FedEx and United Parcel......

Retailers are eager to hire – if you’re a digital whizz

Reuters
MADRID/NEW YORK/COPENHAGEN (Reuters) – Are you a “user-experience” gun for hire? Well, your time has come. FILE PHOTO: A general view of the Pandora shop in Riga, Latvia Febuary 4, 2020. REUTERS/Ints Kalnins/File Photo Even as retailers lay off hundreds of thousands of workers globally in response to the pandemic,......

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