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Retail News

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30 June

Why outdoor seating doesn’t make sense for some restaurants

  • Categories Retail News, Top News
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Over the next weeks, and maybe even months, the success of independent restaurants will depend on a factor that many may have never considered before — the size of the …

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29 June

Lululemon to acquire fitness company Mirror for $500 million

  • Categories Retail News, Top News
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Lululemon is acquiring the in-home fitness company Mirror for $500 million, the retailer announced Monday, marking its first acquisition with a bet that more people are going to be pivoting to …

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28 June

Letter from Silicon Valley: Our Ghost-Kitchen Future

  • Categories Retail News, Top News
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Last fall, walking down Mission Street, in San Francisco, I noticed a new addition to an otherwise unremarkable parking lot at the base of Bernal Heights Hill: a large, white …

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27 June

Investors’ love affair with commercial property is being tested

  • Categories Retail News, Top News
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You may not realise it, but a growing share of your savings and pensions pot has been wagered on the commercial buildings in which you work, shop and sleep. The original …

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26 June

Microsoft Closes All Physical Stores In Pivot To Online Operations

  • Categories Retail News, Top News
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Share on linkedinShare on twitterShare on facebookShare on redditShare on email Microsoft will shutter all its physical Microsoft Store locations as part of a “strategic change in its retail operations,” according …

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19 June

Alibaba and JD.com handle a record $136.51 billion during 618 event

  • Categories Retail News, Top News
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China’s two biggest e-commerce giants Alibaba and JD.com handled $136.51 billion of sales through their platforms during one of the country’s biggest shopping events. Known as 618 because it falls on June 18, the …

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18 June

Tears of joy at Boohoo as shoppers move online

  • Categories Retail News, Top News
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The shift from bricks and mortar to online can be encapsulated by one company this morning: Boohoo. Seemingly unaffected by the pandemic, the fast-fashion retailer — which now has more than …

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18 June

Kroger Q1 revenue, earnings jump as digital sales skyrocket

  • Categories Retail News, Top News
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The Kroger Co. reported a strong first quarter well ahead of Street expectations amid increased grocery spending resulting from the COVID crisis. The supermarket giant reported income of $1.21 billion, …

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18 June

Kohl’s says its tie-up with Amazon ‘underscores’ importance of having stores

  • Categories Retail News, Top News
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Kohl’s says its Amazon partnership is teaching the retailer a lot about its own stores, especially amid the coronavirus pandemic.  “It has opened our eyes … that there are other roles a Kohl’s store …

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18 June

Kroger says demand easing after coronavirus stockpiling

  • Categories Retail News, Top News
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U.S. supermarket chain Kroger Co (KR.N) stopped short of raising its annual forecasts on Thursday, saying a coronavirus-driven surge in demand for essential goods was fading as American households reconsider …

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