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Retail News

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13 May

PepsiCo Reaching Consumers During COVID with 2 New DTC Sites

  • Categories Retail News, Top News
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PepsiCo is leveraging its e-commerce investments and digitally native talent to tap into the direct-to-consumer channel. The food and beverage company launched two new direct-to-consumer websites this week — PantryShop.com …

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13 May

Creditor wants Neiman Marcus to pursue deal with Saks

  • Categories Retail News, Top News
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Hedge fund Mudrick Capital Management LP asked Neiman Marcus Group’s independent directors on Tuesday to explore a combination with rival department store chain Saks Fifth Avenue, challenging the company’s plan …

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13 May

Dutch restaurant employs greenhouses for social distancing

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The Dutch revolutionized farming yields by growing plants year-round in greenhouses, so why not use the same solution to ease pandemic-plagued fine dining? An Amsterdam restaurant called Mediamatic ETEN has …

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11 May

Will Shopping Ever Be the Same?

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As luxury department stores prepare to reopen their doors, global retailers share their plans — and fears — for the future of shopping. When department stores reopen their doors, a …

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07 May

Zalando expects substantial growth due to accelerated eCommerce shift

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Zalando expects to achieve double-digit growth in 2020, despite the challenges posed by the Covid-19 crisis. The online fashion and lifestyle retailer aims to increase sales made by itself and …

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07 May

Best Buy Slowly Resuming In-Store Services

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How will physical retail begin again after a nationwide pause? Slowly. After closing all of its stores to help slow the spread of the coronavirus, Best Buy will now offer …

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07 May

Gap Plans to Reopen Up to 800 Stores by the End of May

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The parent company of Gap, Old Navy, Banana Republic and Athleta said it aimed to be “responsibly aggressive” as it returned to business. Gap Inc., the mall stalwart that owns …

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07 May

Target acquiring same-day delivery tech from Deliv

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Target Corp. is set to enhance its same-day delivery muscle in its ongoing battle to compete with Walmart and Amazon. The discounter, which already owns on-demand delivery service Shipt, said …

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06 May

Ocado sees revenues surge by 40.4% during coronavirus lockdown

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Online supermarket Ocado has revealed retail revenues surged by 40.4 per cent for the past two months as demand soared due to the coronavirus pandemic. However, it said “more normal …

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06 May

Covid-19: Lockdown shoppers cause sales surge for Wayfair

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Wayfair has recorded year-over-year revenue growth of almost 20% for the quarter ending 31 March 2020, totalling $2.3 billion. The global online homeware retailer has partly put this performance down to …

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