Retail Industry News
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German Joblessness Falls for Third Month, Retail Sales Rise
German unemployment declined for a third month as Europe's largest economy experiences a gradual recovery from the pandemic shock. A drop of 8,000 in September left the total number of jobless people at 2.91 million, the Federal Labor Agency said…
Hong Kong Retail Slide Continued in August Amid Restrictions
Hong Kong retailers' struggles eased slightly in August even as social-distancing measures were extended to combat the latest wave of coronavirus infections in the city. Retail sales by value fell 13.1% from a year earlier to HK$25.6 billion ($3.3…
Amazon debuted hand-scan payments to help expand its retail push
Amazon launched Amazon One, a biometric technology that'll allow customers to make contactless payments using hand-scanning technology. The launch could help further Amazon's payments and retail push. Insider Intelligence publishes hundreds of…
Wolfe Research singles out Five Below, At Home and Floor & Decor as retail winners (NASDAQ:FIVE)
Wolfe Research launches coverage on Five Below (FIVE +2.9%), Floor & Decor Holdings (FND +2.5%) and At Home Group (HOME +3.2%) with Outperform ratings. The firms assigns a price target of $150 on FIVE vs. the average Wall Street PT of $136.50. 'In…
It Took 17 Years, But American Dream Mall Is Finally Opening Some Retail Stores
It took 17 years to get there, and many stops and starts, but the American Dream mega-mall project is scheduled to open its first group of retail stores tomorrow. But the project in the New Jersey Meadowlands still has a long way to go before it…
Lendlease retail fund drops 23pc in value
Units in Lendlease's Australian Prime Property Fund Retail shed almost a quarter of their value over the year to June, reflecting the fortunes of the wholesale fund that in August gave itself another three years to meet redemption requests of…
Retail decline continues with bankruptcies and closures sped up by pandemic
It's been a very tough year for the retail industry. A report out Tuesday from the accounting consultancy BDO USA said 29 big retailers filed for bankruptcy protection through August. And if bankruptcies continue at that pace, the number could…
Rethinking retail
The Senate Committee on Banks and Financial Intermediaries approved on Monday the bill that will let banks sell their bad loans to asset companies, to keep their balance sheets clean. At the same time, the Senate Committee on Trade, Commerce and…
Our first-hand experience with Amazon's new palm reader, and what it says about the future of retail
What if grabbing a drink from the store was as easy as getting one from your fridge? Amazon is approaching that level of frictionless commerce with its new Amazon One palm-reading biometric identification system, especially when combined with its…
Salesforce Releases Retail Playbook Amid COVID-19 Pandemic
The COVID-19 pandemic has forever changed the retail industry as retailers around the world have adapted and adopted new ways to deal with the changing behaviours of consumers. In its most recent Retail Playbook, Salesforce, a global leader in…
'Glass Mural' office, retail building planned for Detroit's Eastern Market
DETROIT – A unique retail and office development is planned for Detroit's Eastern Market. A four-story building dubbed the “Glass Mural,” and inspired by the artistic expression of Eastern Market, is planned to be built…
Retail On Pace For Most Bankruptcies And Store Closures Ever In One Year: BDO
The pandemic — with its temporary store closures, social distancing requirements, e-commerce boom and supply chain disruption — in the first six months of this year fueled uncertainty for retailers and accelerated existing trends…
General Atlantic invests $498m in Mukesh Ambani's retail venture
The private equity firm takes a 0.84 per cent stake in Reliance Industries US-based private equity firm General Atlantic invested 3,675 crore rupees ($498m) in Indian billionaire Mukesh Ambani's retail venture, helping it continue a fundraising…
Retail in the Age of COVID-19 - IT News Africa | Events
The retailers that are most adaptable to change will be best positioned to ride out the immediate challenges and build stronger, more customer-centered businesses. Retailers with resilient operations and an adaptable ecosystem will be rewarded.
Retail showdown: Target Deal Days to be held same time as Amazon's Prime Day sales
(NEXSTAR) — Target is set to go head to head with Amazon this holiday season, “with no membership fees required.” The retailer says “Target Deal Days,” its holiday shopping kick-off, will be held Oct. 13-14, the…
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