Retail Industry News

A collection of Retail latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

solveforce.com - Chapter 65: Cloud Computing in the Retail Industry
Chapter 65: Cloud Computing in the Retail Industry
SolveForce

In Chapter 65, we will explore the significant role of cloud computing in the retail industry. The retail sector faces unique challenges, including managing large volumes of data, delivering seamless customer experiences, and adapting to rapidly…

marketwatch.com - James Rogers - Target boycott may be a 'really important case' for retailers who experience backlash
Target boycott may be a 'really important case' for retailers who experience backlash
MarketWatch

In the current polarized climate, more companies could experience the type of anti-LGBTQ+ backlash that recently hit Target Corp., warns Daniel Diermeier, chancellor of Vanderbilt University. The political scientist and management academic is the…

cnbc.com - Michelle Fox - This retailer is the big winner as shoppers trade down to cheaper products, Jefferies says
This retailer is the big winner as shoppers trade down to cheaper products, Jefferies says
CNBC

Cost-conscious Americans are reining in their spending and that should give Walmart shares a boost, Jefferies said in a note Friday. The Wall Street firm expects a potential slowdown in consumer spending, especially in nonessential categories…

cnbc.com - Gabrielle Fonrouge - Retailers are gamifying shopping with virtual storefronts to boost engagement, loyalty
Retailers are gamifying shopping with virtual storefronts to boost engagement, loyalty
CNBC

J. Crew is launching a virtual beach house in celebration of its 40th anniversary with experiential e-commerce platform Obsess. Virtual storefronts are on the rise, and Obsess has built platforms for a slew of other retailers and brands, including…

bloomberg.com - Katie Linsell - Elliott-Backed Lender Bantry Bay Dares to Take on Distressed UK Retailers
Elliott-Backed Lender Bantry Bay Dares to Take on Distressed UK Retailers
Bloomberg

Bantry Bay has stepped in to lend to Matalan, Superdry, Asos Father-and-son lender protects borrowings with assets Many firms are afraid to invest in struggling UK retailers for fear of the next big blow-up, but there's one notable exception that…

reuters.com - British retailer Mothercare's CEO steps down
British retailer Mothercare's CEO steps down
Reuters

June 9 (Reuters) - Baby products retailer Mothercare Plc (MTC.L) said on Friday Chief Executive Officer Daniel Le Vesconte has stepped down, effective immediately, after just five months at the helm. The departure comes a month after the…

coindesk.com - Sandali Handagama - Hong Kong Monetary Authority to Prepare for Retail CBDC
Hong Kong Monetary Authority to Prepare for Retail CBDC
CoinDesk

The Hong Kong Monetary Authority (HKMA) has said it will start laying the foundation to implement a retail central bank digital currency in a report published on Friday. Although it had been looking into the development of a digital version of the…

forbes.com - Brian Mandelbaum - Council Post: Three Truths About Retail Media Networks
Council Post: Three Truths About Retail Media Networks
Forbes

Brian Mandelbaum, CEO at Attain. It's no secret that retail media is reshaping the advertising space in a big way: The retail media sector is now a $50 billion market, up from $13 billion in 2019. Large retailers like Amazon, Kroger, Walmart and…

forbes.com - Gary Drenik - The Next Generation Of Retail Media Is Here. Are You Ready?
The Next Generation Of Retail Media Is Here. Are You Ready?
Forbes

Retail Media Networks are increasingly essential in how retailers and manufacturers generate revenue and reach consumers with targeted advertising. These networks are effective as shoppers grapple with inflation and demand deals from all retailers…

reuters.com - Retail traders tiptoe back into U.S. stocks after 3-month hiatus
Retail traders tiptoe back into U.S. stocks after 3-month hiatus
Reuters

June 9 (Reuters) - Retail trading in U.S. stocks is starting to pick up again after months of slowdown, data showed, as the hype around artificial intelligence (AI) and a tamer interest-rate outlook prove hard to resist. U.S. inflows from…

nytimes.com - Jeanna Smialek - What All the Single Ladies (and Men) Say About the Economy
What All the Single Ladies (and Men) Say About the Economy
The New York Times

Aftershocks from the coronavirus pandemic continue to rumble across the U.S. economy, and Signet Jewelers shared a surprising one this week: The company is selling fewer engagement rings this year because, it says, singles who were stuck at home…

nypost.com - Lisa Fickenscher - NYC loses nearly 40,000 retail jobs since pandemic: survey
NYC loses nearly 40,000 retail jobs since pandemic: survey
New York Post

The number of retail jobs in New York City plunged by nearly 40,000 compared with pre-pandemic levels as remote work, automation and the rise of e-commerce have caused businesses to cut hiring, according to an industry survey released Thursday. The…

telegraph.co.uk - Adam Mawardi - Mike Ashley's retail empire takes £75m stake in AO World
Mike Ashley's retail empire takes £75m stake in AO World
The Telegraph

Frasers Group has taken a £75m stake in AO World, as the retail empire founded by Mike Ashley continues to strike side deals under new chief executive Michael Murray. The Sports Direct owner said after markets closed on Friday it had acquired…

reuters.com - Summer Zhen - China mutual fund sales dry up amid market gloom
China mutual fund sales dry up amid market gloom
Reuters

[1/2] An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. REUTERS/Thomas Peter HONG KONG, June 9 (Reuters) - Money managers in China are struggling to lure retail investors, with…

cnn.com - Parija Kavilanz - Walgreens unveils Chicago store with only two aisles and most products kept out of sight | CNN Business
Walgreens unveils Chicago store with only two aisles and most products kept out of sight | CNN Business
CNN

Walgreens just opened a redesigned store in a downtown Chicago neighborhood where most of the merchandise is intentionally kept out of sight. The store, located on 2 East Roosevelt Road, at one point offered a typical Walgreens shopping experience…

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