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March 6, 2021

Shopping

Saks Fifth Avenue owner spins e-commerce site into separate business

CNBC
CNBC – For more and to sign up click here As department stores like Saks Fifth Avenue try to get shoppers back into stores after the Covid-19 pandemic shutdowns, the shift to online sales may continue to accelerate thanks to personalization technology. Richard Lautens | Toronto Star | Getty Images......

Gap forecasts return to sales growth in 2021, sending shares higher despite sales miss

CNBC
CNBC – For more and to sign up click here A man walks past a store on January 12, 2021 in New York City. Angela Weiss | AFP | Getty Images Gap Inc. on Thursday predicted a bounce back to sales growth in 2021, hopeful that customers will soon return......

Bed Bath & Beyond CEO Mark Tritton says shoppers are ready to try new brands in a hunt for value

CNBC
CNBC – For more and to sign up click here Bed Bath & Beyond Chief Executive Mark Tritton says shoppers are increasingly skipping the national brand names and looking to try private labels, which are often less expensive. “In 2020 alone, we’ve seen a migration to owned brands across the......

As Online Shopping Surged, Amazon Planned Its New York Takeover

New York Times
When the pandemic gripped New York City, it propelled an enormous surge in online shopping that has not waned, even in a metropolis where stores are rarely far away. People who regularly bought online are now buying more, while those who started ordering to avoid exposure to the virus have......

Nordstrom shares fall as shipping delays boost retailer’s inventory heading into 2021

CNBC
CNBC – For more and to sign up click here The Nordstrom sign is seen on the front of the company’s flagship store in Seattle. The luxury retailer is expected to report its first quarter earnings soon. Due to the COVID-19 pandemic, many of the company’s locations are closed. Toby......

Kohl’s says it has no plans to sell more real estate and lease it back. Here’s why

CNBC
CNBC – For more and to sign up click here A view outside a Kohl’s store in Miramar, Florida. Johnny Louis | Getty Images Kohl’s said Tuesday that it isn’t planning to sell any of its real estate to then lease back, despite a group of activists pressuring the company......

Kohl’s says it added 2 million new customers in 2020, thanks to Amazon

CNBC
CNBC – For more and to sign up click here Amazon.com Inc. parking signage stands outside a Kohl’s Corp. department store in Huntington Beach, California, U.S., on Saturday, May 11, 2019. Kyle Grillot | Bloomberg | Getty Images Kohl’s said it added at least 2 million new customers last year......

Kohl’s shares rise after retailer posts better-than-expected earnings, sees sales growth in 2021

CNBC
CNBC – For more and to sign up click here Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s on Tuesday reported fourth-quarter earnings and sales that topped analysts’ estimates, and pointed to stronger growth in......

At-home fitness company Tonal to open shops within 40 Nordstrom stores

CNBC
CNBC – For more and to sign up click here Nordstrom will be opening 40 mini Tonal shops inside its stores, beginning in March 2021. Source: Nordstrom PR Nordstrom is searching for ways to grow its active business, while it also adds more merchandise to its stores beyond dresses, shoes,......

Young people have a popular pandemic pastime: Filling, then abandoning, e-commerce shopping carts

CNBC
CNBC – For more and to sign up click here A woman is seen shopping on ASOS the online fashion store on a laptop. Dinendra Haria | SOPA Images | LightRocket | Getty Images In normal times, Amanda Ryczek window-shopped — wandering around with no intention to buy, but taking......

As store owners sign more short-term leases, landlords are taking a risky bet on the future of retail

CNBC
CNBC – For more and to sign up click here Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Retailers and their landlords are engaged in a high-stakes game of risk right now. And it will be a few......

Wayfair’s sales come up short, but the retailer says demand for home goods online remains strong

CNBC
CNBC – For more and to sign up click here Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Wayfair on Thursday reported quarterly sales that fell short of analysts’ expectations. Though the online furniture retailer gained more customers during the period, they bought smaller, less-expensive items, dragging down average order......

Gap to invest $140 million to build Texas warehouse as online sales swell

CNBC Real Estate
A pedestrian walks by the closed GAP flagship store on August 18, 2020 in San Francisco, California. Justin Sullivan | Getty Images Gap said Wednesday it will invest $140 million to construct a distribution center in Longview, Texas, as part of its effort to double its online business over the......

U.S. retail sales to rise 6.5% to 8.2% in 2021, as Covid vaccine triggers fastest economic growth in over two decades, NRF says

CNBC
CNBC – For more and to sign up click here Customers wearing protective masks exit a Uniqlo store in San Francisco, California, on Wednesday, Feb. 17, 2021. David Paul Morris | Bloomberg | Getty Images Retail sales are expected to grow this year between 6.5% and 8.2%, amounting to more......

Mark Cuban: Mavs are not shopping Kristaps Porzingis

Reuters
FILE PHOTO: Feb 10, 2021; Dallas, Texas, USA; Dallas Mavericks forward Kristaps Porzingis (6) and Atlanta Hawks center Clint Capela (15) and guard Cam Reddish (22) in action during the game between the Dallas Mavericks and the Atlanta Hawks at the American Airlines Center. Mandatory Credit: Jerome Miron-USA TODAY Sports......

Kohl’s shares soar as activist investor group looks to add 9 directors to board

CNBC
CNBC – For more and to sign up click here Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s shares soared more than 9% in premarket trading Monday after a group of activist investors confirmed it......

Brexit charges: Why is my online shopping more expensive?

BBC
https://www.bbc.co.uk/news/explainers-55841048 By Tom EdgingtonBBC Newsimage copyrightGetty ImagesSome shoppers have found their purchases from EU stores getting more expensive.It’s because not all charges are covered by a Brexit trade deal between the UK and EU.So what are these fees and how can you avoid them?I want to buy a £50 jumper......

Winter storm upends travel, deliveries and shopping across U.S.

CBS News
CBS News – For more and to sign up click here The deadly winter storm that’s pummeled southern and central parts of the U.S. is also playing havoc with businesses and shoppers in many states, disrupting package deliveries, causing flight cancellations and leading major retailers to shutter hundreds of stores.......

Retailers trade Fifth Ave. for Worth Ave. as Palm Beach scene thrives with Americans heading South

CNBC Real Estate
An aerial view over downtown West Palm Beach, where RH in December 2017 opened an 80,000-square-foot, mansion-like store with a rooftop restauratnt. Source: Indiehouse Films WEST PALM BEACH, Fla. — Retailers, restaurants and other business owners want to be where the people are. And people are moving to South Florida......

Report: Eagles Shopping Zach Ertz Along With Carson Wentz

Sports Illustrated
SI – For more and to sign up click here Nick Selbe As the Eagles continue to look for trade partner to ship quarterback Carson Wentz out of Philadelphia, it appears Wentz is not the only household name on the trading block. According to ESPN’s Jeremy Fowler, veteran tight end......

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